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Murrey Math Lines 28.04.2022 USDCHF, GOLD

28.04.2022USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is approaching 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 the resistance at 88 to the upside. After that, the instrument may reverse and grow towards 18.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline to reach 88 from the H4 chart.XAUUSD, Gold vs US DollarIn the H4 chart, XAUUSD has reached the oversold area. In this case, the price is expected to rebound from 08 and resume moving upwards to reach the resistance at 28. However, this scenario may no longer be valid if the price breaks the support at 08 to the downside. After that, the instrument may reverse and correct down to 18.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume trading upwards only after rebounding from 08 in the H4 chart.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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