Murrey Math Lines 08.04.2021 (USDCHF, XAUUSD)

April 8, 2021

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

On H4, the quotations are trading above the 200-days Moving Average which indicates an uptrend. We expect them to grow to the nearest resistance level of 5/8. The scenario might be canceled by a breakaway of 4/8 downwards. In this case, the trend will reverse, and the quotations will reach the support at 3/8.


On M15, a breakaway of the upper border of VoltyChannel will be yet another signal for the growth of the price.


XAUUSD, “Gold vs US Dollar”

On H4, the quotations are trading in a consolidation range between 3/8 and 5/8. We expect them to get over 4/8 and grow further to the resistance at 5/8. The scenario can be canceled by a breakaway of 3/8 downwards, which might provoke the price to drop further to the support at 2/8.


On M15, a breakaway of the upper border of VoltyChannel will make the growth of the price more probable.

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

The Trump administration is considering a more gradual approach to tariffs to prevent inflation from spiking

By JustMarkets At Tuesday’s close, the Dow Jones Index (US30) was up 0.52%. The S&P…

2 hours ago

Australian Dollar Gains, but Rate Uncertainty Limits Potential

By RoboForex Analytical Department The AUD/USD pair climbed to 0.6192 midweek, reflecting cautious optimism in…

2 hours ago

Europe wants lower oil prices to limit Russia’s military action.

By JustMarkets At the end of Monday, the Dow Jones Index (US30) was up 0.86%.…

1 day ago

Japanese Yen in Consolidation After Recent Growth: Signs of Recovery but Insufficient Support Factors

By RoboForex Analytical Department The USD/JPY pair entered a consolidation phase on Tuesday, following modest…

1 day ago

Is capitalism falling out of favor? We analyzed 400,000 news stories to find out

By Jay L. Zagorsky, Boston University and H. Sami Karaca, Boston University  Capitalism, communism and…

2 days ago

Oil and natural gas continue to rise. The New Zealand dollar fell to a 2-year low

By JustMarkets At the end of Friday, the Dow Jones Index (US30) fell by 1.63%…

2 days ago

This website uses cookies.