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Murrey Math Lines 11.07.2019 (USDCHF, GOLD)

11 july 2019 - Fx4News

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF has rebounded from 3/8. In this case, the pair is expected to resume falling towards the support at 0/8. However, this scenario may no longer be valid if the instrument breaks 2/8. After that, the pair may start a new growth to reach the resistance at 4/8.

USDCHF_H4_Анализ уровней Мюррея
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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 moving downwards.

USDCHF_M15_Анализ уровней Мюррея
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is trading above 5/8. In this case, the price may continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the instrument breaks 5/8. After that, the pair may resume falling to reach the support at 3/8.

GOLD_H4_Анализ уровней Мюррея
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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 moving upwards.

GOLD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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