USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 5/8 level and then fall to reach the 3/8 level.
As we can see in the H1 chart, the pair has rebounded from the resistance at the 3/8 level. Later, the price may continue trading downwards to reach the first target at the 0/8 one.
In the M15 chart, the pair may break the upside 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 2/8 level and continue falling towards the support at the 0/8 one.
As we can see in the H1 chart, the price is trading close to the support at the 0/8 level, in this case, the price may break the 1/8 level and continue growing towards the resistance at the 3/8 one.
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.