Murrey Math Lines 25.01.2018 (USD/CHF, GOLD)
USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is expected to test the resistance at the 5/8 level, rebound from it, and then resume growing towards the 6/8 one.
At the H1 chart, there are two possible scenarios. The main scenario implies that the pair may test the 2/8 level, rebound from it, and then resume growing towards the 4/8 one. The other one suggests that the instrument may break the 2/8 level and then continue falling to reach the support at the 0/8 one.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the XAU/USD pair is expected to continue growing towards the target at the 8/8 level.
At the H1 chart, the price may be corrected towards the 5/8 level, rebound from it, and then resume growing to reach the resistance at the 8/8 one.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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