Home Tools Murrey Math Lines 22.12.2022 (USDCHF, XAUUSD)

Murrey Math Lines 22.12.2022 (USDCHF, XAUUSD)

24
0


By RoboForex.com

USDCHF, “US Dollar vs Swiss Franc”

H4: The quotes are in oversold territory. The support level of the RSI has been tested. It is expected that the quotes will break through 0/8 (0.9277) and increase to the resistance level 1/8 (0.9399). This scenario can be canceled by a decrease in the support level -1/8 (0.9155), in these cases the pair might drop to -2/8 (0.9033).


Risk Warning: the result of previous trading operations do not guarantee the same results in the future

A breakaway from the upper VoltyChannel line will also confirm the growth on M15.

USDCHF_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

The H4 quotes are higher than the 200-day Moving Average. This indicates an uptrend. The RSI has reached the overbought level. The RSI is nearing the overbought area. Accordingly, quotes will likely grow to the nearest resistance level. 7/8 (1843.75). This scenario can be canceled by a decrease in the support level 6/8 (1812.50). This could reduce the price. 5/8 (1781.25).

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The upper line of VoltyChannel on M15 is broken. This confirms the uptrend, and increases the likelihood of price growth.

USDCAD_M15

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 does not bear any…



Continue reading…

Previous articleBullish Engulfing Candlestick pattern: What is it and how to trade
Next articleFutures on Stocks Flat