Murrey Math Lines 19.12.2019 (USDCHF, GOLD)
19.12.2019
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is moving below 3/8. In this case, the price is expected to break 1/8 and continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.
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”
As we can see in the H4 chart, XAUUSD is moving above 5/8. In this case, the price may break 7/8 and continue trading upwards to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue falling towards the support at 5/8.
GOLD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
GOLD_M15