Murrey Math Lines 28.09.2023 (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 above the 200-day Moving Average on H4, indicating a prevailing uptrend. The RSI has reached the oversold area. In this situation, the price is expected to test the 8/8 (0.9277) level, rebound from it, and drop to the support at 6/8 (0.9155). The scenario can be cancelled by breaking the 8/8 (0.9277) level. In this case, the quotes could reach the resistance at +1/8 (0.9334).</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/28/1.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, following a rebound from the 8/8 (0.9277) level on H4, the price decline could be additionally supported by a breakout of the lower line of the VoltyChannel.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/28/2.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 in the oversold area. In such circumstances, the quotes are expected to surpass the 0/8 (1875.00) level, rising to the resistance at 2/8 (1890.62). The scenario can be cancelled by a downward breakout of the -1/8 (1867.19) level, which will send the quotes down to the support at -2/8 (1859.38).</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/28/3.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, the upper line of the VoltyChannel is too far from the current price so the price rise could be supported by breaking the 0/8 (1875.00) level on H4.</p>
<p><img decoding="async" src="http://roboforex.com/uploads/roboforecast/roboforex_com/99/2023/Murrey/september/28/4.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>