Murrey Math Lines 27.01.2022 (USDCHF, GOLD)

January 27, 2022

Article By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price tests and breaks 6/8 to the downside. After that, the instrument may fall towards the support at 5/8.


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



Free Reports:

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.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





XAUUSD, “Gold vs US Dollar”

In the H4 chart, after breaking 5/8 to the downside, XAUUSD is back to consolidating. In this case, the price is expected to break the support at 4/8 and move downwards to reach the downside border of this range at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may resume growing towards 6/8.


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 falling.

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

Stock indices rise on weak US labor market report. In Switzerland, there is a further decline in inflation

By JustMarkets On Friday, the Dow Jones (US30) rose 0.69% (for the week -0.50%). The…

17 hours ago

US Elections: How might markets react to Harris or Trump win?

By ForexTime Markets predict Trump win; polls say race too close to call Trump win:…

17 hours ago

Brent Crude Rises as OPEC+ Delays Production Increase

By RoboForex Analytical Department  Brent crude oil prices climbed above 74 USD per barrel following…

18 hours ago

Currency Speculators continue to shed Euro bets for 5th week

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

2 days ago

Speculator Extremes: Platinum, Australian Dollar & Steel lead Bullish Bets

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…

2 days ago

COT Metals Charts: Speculator bets led by Palladium & Steel

By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…

2 days ago

This website uses cookies.