USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is expected to test the support at the 5/8 level.
As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If later the pair breaks the 3/8 level, the instrument may resume falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 3/8 level and then move upwards to reach the resistance at the 4/8 one.
As we can see in the H1 chart, the price has rebounded from the 5/8 level and may resume growing to reach the resistance at the 7/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, 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.