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:
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.
By JustMarkets On Thursday, the US stock market closed higher. By the end of the…
By Analytical Department RoboForex Gold continued its decline on Friday, falling to 4,619 USD per…
By Ji Y. Son, California State University, Los Angeles and Alice Xu, University of California,…
By JustMarkets On Wednesday, the US stock indices mostly rose, with the S&P 500 and…
By Analytical Department RoboForex GBP/USD held at 1.3528 on Thursday following an overnight decline. The…
By Hélène Nguemgaing, University of Maryland and Alan Collins, West Virginia UniversityThe United States is…
This website uses cookies.