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Murrey Math Lines 18.11.2021 USDCHF, GOLD

18.11.2021USDCHF, US Dollar vs Swiss FrancIn the H4 chart, USDCHF is trading within the overbought area. In this case, the price is expected to test break 88 and then continue falling to reach the support at 78. However, this scenario may be cancelled if the price breaks the resistance at 18 to the upside. After that, the instrument may continue growing towards 28.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.XAUUSD, Gold vs US DollarAs we can see in the H4 chart, XAUUSD is approaching the overbought area. In this case, the price is expected to test 88, rebound from it, and then correct downwards to reach the support at 68. However, this scenario may no longer be valid if the price breaks the resistance at 88 to the upside. After that, the instrument may continue growing towards 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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