USDCHF, “US Dollar vs Swiss Franc”
On H4, the quotes are above the 200-day Moving Average, revealing prevalence of an uptrend. The RSI has bounced off the support level. The quotes should now rise above the resistance level of 7/8 (0.9460) and grow to 8/8 (0.9521). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0.9399). In this case, the pair may drop to 4/8 (0.9277).
On M15, the upper line of VoltyChannel is broken away, which increases the probabilitt of further 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.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
XAUUSD, “Gold vs US Dollar”
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. As a result, a downward breakaway of 1/8 (1828.12) is expected, followed by falling to the support level of -1/8 (1796.88). The scenario can be cancelled by an upward breakaway of the resistance level of 2/8 (1843.75). In this case, the quotes might rise to 4/8 (1875.50).
On M15, further falling of the price can be supported by a breakaway of the lower 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.
- COT Metals Charts: Weekly Speculator Changes led by Platinum Nov 23, 2024
- COT Bonds Charts: Speculator Bets led lower by 5-Year & 10-Year Bonds Nov 23, 2024
- COT Soft Commodities Charts: Speculator Bets led lower by Soybean Oil, Soybean Meal & Cotton Nov 23, 2024
- COT Stock Market Charts: Speculator Changes led by S&P500 & Nasdaq Minis Nov 23, 2024
- Bitcoin price is approaching 100,000. Natural gas prices rise due to declining inventories and cold weather Nov 22, 2024
- USD/JPY Awaits Potential Stimulus Impact Nov 22, 2024
- RBNZ may cut the rate by 0.75% next week. NVDA report did not meet investors’ expectations Nov 21, 2024
- NZD/USD Under Pressure Amidst USD Strength Nov 21, 2024
- USDJPY bulls venture into intervention zone Nov 20, 2024
- The PBoC kept interest rates. The escalating war between Ukraine and Russia is negatively affecting investor sentiment Nov 20, 2024
