USD CHF, “US Dollar vs Swiss Franc”
As we can see at the H4 chart, the USD/CHF pair has broken the consolidation channel between the 3/8 and 5/8 levels to the downside and right now is falling towards the support at the 0/8 one (0.9765). In order to reach this level, the price has to break the 2/8 one first (0.9887).
At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels and may yet resume moving upwards. If the price breaks the 5/8 level (0.9818), the instrument may grow towards the resistance at the 8/8 one (1.0009). Otherwise, if it breaks the 3/8 level (0.9857), the pair will continue falling to reach the support at the 0/8 one (0.9765).
As we can see at the M15 chart, the pair is trading between the VoltyChannel indicator lines, which means that it may move both upwards and downwards.
XAU USD, “Gold vs US Dollar”
As we can see at the H4 chart, the XAU/USD pair is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to move towards the downside border at the 3/8 level (1273.44).
At the H1 chart, the pair is expected to break the 3/8 level (1277.34). If the price fixes below this level, the instrument may continue falling to reach the support at the 0/8 one (1265.63).
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling towards 1265.63.
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.