USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of a downtrend. The RSI has bounced off the resistance line. Further falling to the nearest support at 3/8 (0.9155) is expected. The scenario can be cancelled by an upward breakaway of 4/8 (0.9277). In this case, the pair may reach 5/8 (0.9399).
On M15, the lower line of VoltyChannel is broken, which confirms a downtrend and increases the probability of further price falling.
Free Reports:
XAUUSD, “Gold vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has bounced off the support line. As a result, the quotes are expected to rise above 6/8 (1812.50) and grow to the resistance level of 7/8 (1843.75). The scenario can be cancelled by a downwards breakaway of the support level of 5/8 (1781.25). This might lead to falling of the price to 4/8 (1750.00).
On M15, an additional signal confirming growth will he a breakaway of the upper border of VoltyChannel.
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 RoboForex Analytical Department On Thursday, the price of a troy ounce of Gold is…
By Bruce Huber, University of Notre Dame Fossil fuels are the leading driver of climate…
By JustMarkets At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%.…
By RoboForex Analytical Department The USD/JPY currency pair has climbed to a three-month high of…
By ForexTime CHINAH, CN50, HK50 falling on fears of heightened US-China trade tensions US president-elect Trump…
By Sehoon Kim, University of Florida Carbon offsets have become big business as more companies…
This website uses cookies.