USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 5/8 level and continue falling to reach the 3/8 one.
As we can see in the H1 chart, the pair may rebound from the 5/8 level and then resume moving downwards to reach the first target at the 0/8 one.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 5/8 level and continue growing towards the resistance at the 8/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see in 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.