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Murrey Math Lines 24.02.2022 USDCHF, GOLD

24.02.2022USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is trading below the 200day Moving Average to indicate a possible descending tendency. In this case, the price is expected to test 68, break it, and then continue falling to reach the support at 58. However, this scenario may be cancelled if the price breaks 78 to the upside. After that, the instrument may reverse and grow towards the resistance at 88.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.XAUUSD, Gold vs US DollarIn the H4 chart, XAUUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 78 and move upwards to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks the support at 58 to the downside. After that, the instrument may reverse and correct down to 38.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.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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