USD CHF, “US Dollar vs Swiss Franc”
As we can see at the H4 chart, the USD/CHF pair is expected to test the support at the 0/8 level (0.9765), rebound from it, and then start a new correction towards the 2/8 one (0.9826).
The lines at the H4 and H1 charts are completely the same. However, here the pair may test the 2/8 level (0.9826), rebound from it, and then resume moving downwards to reach the support at the 0/8 one (0.9765).
At the M15 chart, the pair broke the downside line of the VoltyChannel indicator two days ago and has been moving downwards ever since.
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair has broken the consolidation range and right now is moving upwards pretty fast. Right now, the price is expected to be slightly corrected towards the 5/8 level (1289.06), but then resume growing. The main upside target is at the resistance at the 8/8 level (1312.50).
At the H1 chart, the pair is expected to test the 6/8 level (1289.06), rebound from it, and then continue growing to reach the main target from the H4 chart (1312.50).
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.