Murrey Math Lines 20.08.2020 (USDCHF, GOLD)

August 20, 2020

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, after leaving the “oversold area”, USDCHF is moving at 2/8. In this case, the price is expected to break this level and then continue growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.


As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.



Free Reports:

Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is moving not far from 7/8. In this case, the price is expected to break this level and continue falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the support at 7/8 to the upside. After that, the instrument may continue growing towards the resistance at 8/8.


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 to reach 6/8 from the H4 chart.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

InvestMacro

Share
Published by
InvestMacro

Recent Posts

WTI oil prices exceeded 107 dollars per barrel. Inflation expectations continue to rise.

By JustMarkets  On Wednesday, the U.S. stock market declined. By the end of the day,…

11 hours ago

You probably wouldn’t notice if an AI chatbot slipped ads into its responses

By Brian Jay Tang, University of Michigan and Kang G. Shin, University of Michigan  Hundreds…

1 day ago

RoboForex Expands CFD Offering with Cryptocurrency Instruments

Belize City, Belize, April 29, 2026 – Financial broker RoboForex has expanded its CFD offering with…

1 day ago

How personal finance advice is getting political, thanks to ‘finfluencers’

By Maximilian Brichta, University of Virginia  Once seen as often dry and sometimes intimidating, personal…

1 day ago

WTI oil prices have consolidated at 100 dollars per barrel. Australia is experiencing a sharp inflation spike

By JustMarkets  On Tuesday, the US stock market declined. By the end of the day,…

1 day ago

EUR/USD Holds Steady Ahead of Fed Meeting, Focus on Middle East Outlook

By Analytical Department RoboForex EUR/USD is slightly lower on Wednesday, trading with minimal movement around…

1 day ago

This website uses cookies.