USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are under the 200-day Moving Average, indicating prevalence of a downtrend. The RSI is approaching the resistance level. A test of 1/8 (0.9338) is expected here, followed by a bounce off it and falling to the support level of -1/8 (0.9216). The scenario can be cancelled by a breakaway of 1/8 (0.9338) upwards, which might lead to a trend reversal and growth of the pair to the resistance level of 2/8 (0.9399).
On M15, an additional signal confirming the decline will be a breakaway of the lower border of VoltyChannel.
Free Reports:
XAUUSD, “Gold vs US Dollar”
On H4, Gold quotes are in the overbought area. The RSI is nearing the descending trendline that acts as a resistance level. Hence, a downward breakaway of 8/8 (1875.50) should be expected, followed by falling to the support level of 6/8 (1843.75). The scenario can be cancelled by rising over the resistance level of +1/8 (1890.62). This might provoke further growth of the quotes to +2/8 (1906.25).
On M15, a breakaway of the lower border of VoltyChannel will increase the probability of further falling.
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 Analytical Department RoboForex Gold (XAU/USD) fell to 4,174 USD per troy ounce on Wednesday,…
By JustMarkets By the end of the day, the Dow Jones Index (US30) rose by…
By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…
By JustMarkets On Monday, the US stock indices showed mixed dynamics, with the technology sector…
By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…
By ForexTime SpaceX IPO scheduled for Friday 12th June $75 billion capital raise forecast –…
This website uses cookies.