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 to indicate a possible ascending tendency. In this case, the pair is expected to continue growing to reach the resistance at 5/8. However, this scenario may be cancelled if the price breaks the support at 4/8 to the downside. After that, the instrument may reverse and fall towards 3/8.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 3/8, break it, and then continue moving downwards to reach the support at 2/8. However, this scenario may no longer be valid if the price breaks the resistance at 4/8 to the upside. After that, the instrument may reverse and grow towards 5/8.
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 D. Brian Blank, Mississippi State University and Brandy Hadley, Appalachian State University Brian Blank…
By JustMarkets On the last day of 2024, the Dow Jones Index (US30) was down…
By Michael Timothy Bennett, Australian National University and Elija Perrier, Stanford University A new artificial…
By César León Jr., Washington University in St. Louis NASA’s upcoming Artemis II mission is…
By John Licato, University of South Florida I research the intersection of artificial intelligence, natural…
By JustMarkets As of Friday, the Dow Jones (US30) decreased by 0.77% (for the week…
This website uses cookies.