USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF has broken the 5/8 level; right now, it is trading above this level. In this case, the price is expected to continue growing towards the resistance at the 6/8 one.
In the H1 chart, the pair is also moving above the 5/8 level and may 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 no longer trading inside the “overbought zone” and may continue moving downwards to reach the support at the 5/8 level.
In the H1 chart, the pair may rebound from the 3/8 level and resume falling towards the support at the 0/8 one.
In the M15 chart, the pair may once again 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.