Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, after rebounding from the “overbought area”, USDCHF is trading below 7/8. In this case, the price is expected to continue falling to reach the support at 5/8. However, this scenario may be cancelled if the price breaks 8/8 to the upside. After that, the instrument may reverse and grow towards the resistance at +2/8.
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.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
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.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has reached the “overbought area”. In this case, the price is expected to rebound from 8/8 and move downwards to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 to the upside. After that, the instrument may reverse and resume growing towards the next resistance at +1/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
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
