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Murrey Math Lines 30.09.2021 USDCHF, GOLD

30.09.2021USDCHF, US Dollar vs Swiss FrancAs we can see in the H4 chart, USDCHF is trading inside the overbought area. In this case, the price is expected to test 88, break it, and then continue falling to reach the support at 78. However, this scenario may be cancelled if the price breaks 18 to the upside. After that, the instrument may continue growing towards the resistance at 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.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 break the support at 28 and then continue moving downwards to reach 18. However, this scenario may no longer be valid if the price breaks the resistance at 38 to the upside. After that, the instrument may reverse and grow towards 58.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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