Murrey Math Lines 17.05.2018 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is expected to test the support at the 5/8 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 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 3/8 level and then move upwards to reach the resistance at the 4/8 one.
As we can see in the H1 chart, the price has rebounded from the 5/8 level and may resume growing to reach the resistance at the 7/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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