Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, after leaving the “oversold area”, USDCHF is moving at 2/8. In this case, the price is expected to break this level and then continue growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is moving not far from 7/8. In this case, the price is expected to break this level and continue falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the support at 7/8 to the upside. After that, the instrument may continue growing towards the resistance at 8/8.
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 to reach 6/8 from the H4 chart.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
![investmacro cot newsletter](https://investmacro.com/wp-content/uploads/2022/10/bot_ad_fx.png)
- The German Index set another high. The GDP of Malaysia and Singapore show steady growth Feb 14, 2025
- EUR/USD significantly rises as risks diminish Feb 14, 2025
- Week Ahead: Trump’s trade war threatens UK100’s record run Feb 14, 2025
- Today, traders’ attention is focused on the US inflation data Feb 12, 2025
- The pound’s rally stalls as investors await fresh economic data Feb 12, 2025
- 25% tariffs on imports of steel and aluminum in the US provoke the growth of metals Feb 11, 2025
- Drilling down: Key factors that could impact oil prices this week Feb 11, 2025
- Yen’s rally stalls but may resume soon Feb 11, 2025
- Trump’s tariff intimidation continues to rattle markets Feb 10, 2025
- COT Metals Charts: Speculator Bets led higher by Silver, Platinum & Gold Feb 9, 2025