rfxsignals March 5, 2020 No Comments

Murrey Math Lines 05.03.2020 (USDCHF, GOLD)

05.03.2020

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is consolidating. In this case, the price is expected to break 4/8 and then continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing to reach the resistance at 6/8.

USDCHF_H4
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 trading downwards.

USDCHF_M15
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 moving close to 5/8. In this case, the price is expected to break this level and then continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the downside border of the range at 3/8.

GOLD_H4
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, continue the ascending tendency towards 8/8 from the H4 chart.

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