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 support level. As a result, a downward breakaway of 2/8 (0.9155) is expected, followed by falling to the support level of 1/8 (0.9094). The scenario can be cancelled by rising over 3/8 (0.9216). In this case, the pair may rise to the resistance level of 4/8 (0.9277).
On M15, the lower line of VoltyChannel is broken away. This increases the probability of further 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 level. Further growth to the resistance level of 8/8 (2000.00) should be expected. The scenario can be cancelled by a downward breakaway of the support level of 6/8 (1937.50). This might entail falling to 5/8 (1906.25).
On M15, the upper line of VoltyChannel is broken away, which confirms the uptrend and a high probability of 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.
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 –…
By JustMarkets On Friday, the American stock market went through one of the harshest crashes…
By Analytical Department RoboForex EUR/USD began the new week at 1.1520. The US dollar ended…
This website uses cookies.