USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 one.
In the H1 chart, the pair is trading inside the “oversold zone”. In this case, the price may break the 0/8 level and continue trading upwards to reach the resistance at the 3/8 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”
In the H4 chart, XAUUSD may break the 5/8 level and continue moving upwards to reach the resistance at the 7/8 one.
In the H1 chart, the pair may break the 1/8 level and continue growing towards the resistance at the 3/8 one. Another scenario implies that the price may test the support at the 0/8 level, rebound from it, and then resume trading upwards to reach 3/8 one.
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.