Murrey Math Lines 20.02.2020 (USDCHF, GOLD)
USDCHF, “US Dollar vs Swiss Franc”
On H4, USDCHF is traded above the consolidation area. We are expecting further growth of the price to the resistance at 8/8. The scenario may be canceled by a breakout of 5/8, which may let the quotations decline to the support at 3/8.
On M15, the upper line of the VoltyChannel is broken out. This confirms the probability of further growth.
XAUUSD, “Gold vs US Dollar”
On H4, the pair is also traded above the consolidation area. Currently, a breakout of 7/8 will make the price grow to the resistance at 8/8. The scenario may be canceled by a breakout of 6/8, which may make the price decline to the upper border of the consolidation area at 5/8.
On M15, there is also an uptrend, because the upper border of the VoltyChannel indicator is broken. Hence, the probability of the growth to 8/8 from H4 is confirmed.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.