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:
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.
By JustMarkets The Dow Jones Index (US30) was down 2.48% on Monday. The S&P 500…
By RoboForex Analytical Department The USD/JPY pair dropped to 140.13 on Tuesday, marking yet another…
By RoboForex Analytical Department The EUR/USD pair surged to a fresh three-year peak on Monday,…
By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released…
By ForexTime GBPUSD ↑ almost 3% MTD, trading near 2025 high “Golden cross” chart pattern…
By JustMarkets As of Thursday’s close, the Dow Jones Index (US30) was down 1.33%. The…
This website uses cookies.
![](data:image/svg+xml;charset=utf-8,<svg height="400px" width="1000px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="55px" width="80px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="200px" width="750px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
