USDCHF, "US Dollar vs Swiss Franc"
On H4, the pair is under the 200-day Moving Average, which means the prevalence of a downtrend. A test of 6/8 is expected, followed by a bounce off it and falling to the support level of 4/8. The scenario can be cancelled by a breakaway of 6/8 upwards, which might lead to a trend reversal and growth to the resistance level of 7/8.
On M15, falling can be additionally supported by a breakaway of the lower border of VoltyChannel.
XAUUSD, "Gold vs US Dollar
On H4, gold is approaching the oversold area. A test of 0/8 is expected, followed by a bounce off it and growth to the resistance level of 2/8. The scenario can be cancelled by a breakaway of 0/8 downwards. In this case, the quotes will continue falling, possibly to the support level of -1/8.
On M15, a breakaway of the upper border of VoltyChannel will increase the probability of growth to 2/8 on H4.
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.