USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading below the 3/8 level. In this case, the price is expected to break the 3/8 level and resume growing to reach the 4/8 one.
In the H1 chart, the price may possibly move upwards towards the resistance at the 8/8 level in case it breaks the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing to reach 0.9765.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, the pair is trading above the 5/8 level and may continue trading upwards to reach the resistance at the 6/8 one.
In the H1 chart, XAUUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the upside border of the range and grow towards the resistance at the 8/8 level.
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.
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.