USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may break the 3/8 level and then continue growing to reach the resistance at the 4/8 one.
In the H1 chart, USDCHF may break the 3/8 level as well. In this case, the pair grow to break the 5/8 level and then continue trading upwards to reach 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”
As we can see in the H4 chart, XAUUSD is trading close to the 3/8 level. If the price rebounds from it, the instrument may resume trading downwards to reach the support at the 0/8 level.
In the H1 chart, the pair is trading below the 3/8 level and may continue falling towards the first target 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.
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.