USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading at the 5/8 level. In this case, the price is expected to rebound from it and then resume growing towards the resistance at the 7/8 one.
In the H1 chart, the pair may fall towards the support at the 0/8 level, rebound from it, and then resume trading upwards to reach 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”
As we can see in the H4 chart, XAUUSD is breaking the 3/8 level downwards. In the future, the price may continue moving downwards to reach the support at the 0/8 level.
However, in the H1 chart the scenario may be a bit different. If the pair fails to break the 5/8 level, the instrument may resume trading upwards to reach the resistance at the 8/8 one.
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 moving downwards.
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.
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