Murrey Math Lines 16.11.2023 (USDCHF, XAUUSD)

<p><strong>By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>USDCHF, “US Dollar vs Swiss Franc”</strong></p>
<p>USDCHF has broken the 200-day Moving Average on H4, indicating a possible development of a downtrend. However, the RSI is already in the oversold area. As a result, the quotes are expected to rise above 2/8 (0.8911), reaching the resistance level of 3/8 (0.8977). The scenario can be cancelled by a downward breakout of 1/8 (0.8850). In this case, the pair might drop to the support at 0/8 (0.8789).</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/november/16/1.png" alt="USDCHF" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p>On M15, a breakout of the upper boundary of the VoltyChannel could increase the probability of a price rise.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/november/16/2.png" alt="USDCHF" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>XAUUSD, “Gold vs US Dollar”</strong></p>
<p>XAUUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has broken the resistance line. In this case, the quotes are expected to rise above 7/8 (1968.75), followed by a rise to the resistance level of 8/8 (2000.00). The scenario might be cancelled by a downward breakout of 6/8 (1937.50), which could lead to a trend reversal and a decline to the support at 5/8 (1906.25).</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/november/16/3.png" alt="XAUUSD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p>On M15, a breakout of the upper boundary of the VoltyChannel could increase the probability of a further price rise.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/november/16/4.png" alt="XAUUSD" /><br />
<img decoding="async" src="http://roboforex.com/bundles/roboforecast/images/risk-warning/en.png" alt="Risk Warning: the result of previous trading operations do not guarantee the same results in the future " /></p>
<p><strong>Article By <a href="https://roboforex.com/" target="_blank" rel="noopener"><u>RoboForex.com</u></a></strong></p>
<p><strong>Attention!</strong><br />
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.</p>