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Murrey Math Lines 23.09.2021 USDCHF, GOLD

23.09.2021USDCHF, US Dollar vs Swiss FrancIn the H4 chart, USDCHF is trading not far from the overbought area. In this case, the price is expected to test 88, rebound from it, and then resume falling to reach the support at 68. However, this scenario may be cancelled if the price breaks 88 to the upside. After that, the instrument may continue growing towards the resistance at 18.As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume the descending tendency only after rebounding from 88 from the H4 chart.XAUUSD, Gold vs US DollarIn the H4 chart, XAUUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 48, break it, and then continue moving downwards to reach the support at 38. However, this scenario may no longer be valid if the price breaks the resistance at 58 to the upside. After that, the instrument may reverse and grow towards 68.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 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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