Murrey Math Lines 26.10.2023 (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 quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI is approaching the resistance line. In this case, a downward breakout of the 3/8 (0.8977) level is expected, followed by a decline to the support at 1/8 (0.8850). The scenario can be cancelled by rising above 4/8 (0.9033), which could lead to a trend reversal and growth to the resistance at 5/8 (0.9094).</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/october/26/1.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, an additional signal confirming the decline could be a breakout of the lower boundary of the VoltyChannel.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/october/26/2.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>Gold quotes and the RSI are nearing their overbought areas on H4. In this situation, a test of 8/8 (2000.00) is expected, followed by a rebound from it and a decline to the support at 6/8 (1937.50). The scenario can be cancelled by rising above 8/8 (2000.00). In this case, the price might reach the resistance at +1/8 (2031.25).</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/october/26/3.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 lower boundary of the VoltyChannel could increase the probability of a price decline.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/october/26/4.png" alt="XAUUSD" /></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>