Murray levels analysis for USDCHF and Gold as of 31.10.2019
On the H4 period the USDCHF currency pair is traded in the consolidation range between the levels 5/8 and 3/8. In this situation it is expected that the price will be tested at the level of 3/8 with the possibility of further detachment from it and growth of quotations up to the resistance of 5/8. Cancellation of such a scenario will be a breakthrough of the 3/8 level, which may lead to a reduction in the price to the level of 1/8.
On the M15 period, a break-up of the upper VoltyChannel indicator line will increase the probability of price growth to the level of 5/8 of the H4 period.
On H4 period the price of gold is still traded in the consolidation range. In this situation, it is expected to rebound from the level of 4/8, followed by a decline in gold prices to support by 2/8. Cancellation of such a scenario will be a breakthrough of the level of 4/8, which may lead to an increase in prices up to resistance of 5/8.
On the M15 period, the break-down of the lower VoltyChannel indicator line will serve as an additional signal to the price decrease.
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