USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to break the 2/8 level and then continue growing to reach the resistance at the 5/8 one.
As we can see in the H1 chart, the pair is consolidating. Later, in may break the 5/8 level and continue growing towards 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”
As we can see in the H4 chart, XAUUSD is no longer trading inside the “overbought zone”. In this case, it is expected to continue trading downwards to reach the support at the 5/8 level.
In the H1 chart, the pair is trading below the 5/8 level and may continue falling to reach the closest target at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may 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.