USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is trading close to 3/8. In this case, the price is expected to break this level and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing to reach the resistance at 7/8.
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 trading downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is moving above 5/8. In this case, the price is expected to break 6/8 and then continue growing to reach the closest resistance at 7/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the downside border of the range at 3/8.
In the M15 chart, the pair may the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
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.