USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are under the 200-day Moving Average, revealing prevalence of a downtrend. The RSI is testing the support level. A downward breakaway of 2/8 (0.9155) is expected, followed by falling to the support level of 1/8 (0.9094). The scenario can be cancelled by rising over the resistance level of 3/8 (0.9216). In this case, the pair may rise to 4/8 (0.9277).
On M15, the lower line of VoltyChannel is broken away, which confirms presence of a downtrend and increases the probability of further price falling.
XAUUSD, “Gold vs US Dollar”
On H4, the quotes are on the 200-day Moving Average. In such a situation, the preceding uptrend remains prevailing. The RSI has bounced off the support level and continues going up. A test of 5/8 (1906.25) is expected, followed by a breakaway and growth to the resistance level of 6/8 (1937.50). The scenario can be cancelled by a downward breakaway of the support level of 3/8 (1843.75), which will make the trend reverse and make the quotes fall to 2/8 (1812.50).
On M15, further growth of the quotes can be supported by a breakaway of the upper border of VoltyChannel.
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.