On H4, USD/CHF is expected to test 3/8, after which a pullback and a fall to the support at 0/8 may occur.
On H1, the price is above the consolidation range, and is likely to hit 7/8.
On H4, the price is declining within a consolidation range between 3/8 and 5/8. The 4/8 is going to get tested, after which the price is likely to bounce and fall to the support at 2/8.
On H1, the price has left the overbought territory and now is likely to reach the 5/8 support.
On M15, the lower VoltyChannel line has been broken out, which means a descending trend is prevailing.
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.