Murrey Math Lines 10.05.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is expected to continue growing towards the resistance at the 8/8 level.
In the H1 chart, the pair may break the 8/8 level and resume falling, in this case, the target will be the support at the 5/8 level.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading close to the “oversold zone” at the 0/8 level. Later, the price is expected to move upwards to reach the resistance at the 2/8 level.
As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If later the pair breaks the 5/8 level, the instrument may resume growing to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1328.13.
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