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Murrey Math Lines 31.03.2022 USDCHF, GOLD

31.03.2022USDCHF, US Dollar vs Swiss FrancIn the H4 chart, after breaking the 200day Moving Average, USDCHF is trading below it to indicate a possible descending tendency. In this case, the price is expected to break 38 and then continue falling to reach the support at 28. However, this scenario may be cancelled if the price breaks the resistance at 48 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 trading downwards.XAUUSD, Gold vs US DollarAs we can see in the H4 chart, XAUUSD is trading above the 200day Moving Average, thus indicating a further ascending tendency. In this case, the price is expected to break 78 and continue moving upwards to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks the support at 68 to the downside. After that, the instrument may reverse and form a new descending wave towards 58.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing.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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