USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to continue falling into the “oversold zone” to reach the -1/8 level.
In the H1 chart, the pair may break the 5/8 level and continue falling towards the support at the 3/8 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”
As we can see in the H4 chart, XAUUSD is longer trading inside the “overbought zone”. In this case, it is expected to break the support at the 1/8 level and then continue trading downwards to reach the 8/8 one.
In the H1 chart, the pair may break the 6/8 level and then continue falling to reach the 5/8 one. In case this level is broken as well, the next target will be the support at the 4/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator again 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.