USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 7/8 level and then continue growing to reach the resistance at the 8/8 one.
As we can see in the H1 chart, the pair has broken the 5/8 level and is no longer consolidating. Later, the price is expected to continue moving upwards to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is consolidating at the 5/8 level. The instrument is expected to rebound from this level and resume falling towards the 3/8 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 may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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.