Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are above the 200-days Moving Average, which means prevalence of the uptrend. A test of 2/8 is expected, followed by a breakaway and growth to the resistance level of 3/8. The scenario can be cancelled by a breakaway of the support level at 1/8 downwards. In this case, the quotes might return to 0/8.
On M15, a breakaway of the upper line of VoltyChannel will be a signal of the price growth.
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
XAUUSD, “Gold vs US Dollar”
On H4, the quotes have escaped the oversold area and are now trading above 1/8. Currently, we should expect further price growth that might end in a breakaway upwards of 2/8 and test the resistance level of 1/8, returning the quotes to the oversold area.
On M15, the upper line of VoltyChannel is broken, increasing the probability of further price growth.
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.
- TSLA shares rose on a weak report. Inflationary pressures are easing in Australia Apr 24, 2024
- USDJPY: On intervention watch Apr 24, 2024
- Euro gains against the dollar amid mixed economic signals Apr 24, 2024
- PMI data is the focus of investors’ attention today. Turkey, Iraq, Qatar, and UAE signed a transportation agreement Apr 23, 2024
- Australian dollar rises on strong economic indicators Apr 23, 2024
- Geopolitical risks in the Middle East are declining. China kept interest rates at lows Apr 22, 2024
- Brent crude dips to four-week low amid easing geopolitical tensions Apr 22, 2024
- COT Metals Charts: Speculator bets led by Copper & Silver Apr 20, 2024
- COT Bonds Charts: Speculator bets led by 10-Year Bonds & Fed Funds Apr 20, 2024
- COT Stock Market Charts: Speculator bets led by S&P500-Mini Apr 20, 2024