Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to break 7/8 and continue growing to reach the resistance at 8/8. However, this scenario may be cancelled if the price tests and breaks 6/8 to the downside. After that, the instrument may fall towards the support at 5/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
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, after breaking 5/8 to the downside, XAUUSD is back to consolidating. In this case, the price is expected to break the support at 4/8 and move downwards to reach the downside border of this range at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. After that, the instrument may resume growing towards 6/8.
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 falling.
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.
- The US stocks are back to selling off. The US raised tariffs on China to 145% Apr 11, 2025
- EUR/USD Hits Three-Year High as the US Dollar Suffers Heavy Losses Apr 11, 2025
- Markets rallied sharply on the back of a 90-day tariff postponement. China became an exception with tariffs of 125% Apr 10, 2025
- Pound Rallies Sharply Weak Dollar Boosts GBP, but BoE Rate Outlook May Complicate Future Gains Apr 10, 2025
- Tariffs on US imports come into effect today. The RBNZ expectedly lowered the rate by 0.25% Apr 9, 2025
- Volatility in financial markets is insane. Oil fell to $60.7 per barrel Apr 8, 2025
- Japanese Yen Recovers Some Losses as Investors Seek Safe-Haven Assets Apr 8, 2025
- The sell-off in risk assets intensified as tariffs took effect Apr 7, 2025
- COT Metals Charts: Speculator Bets led lower by Gold, Copper & Silver Apr 5, 2025
- COT Bonds Charts: Speculator Bets led by SOFR 1-Month & US Treasury Bonds Apr 5, 2025
