USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken the 200-day Moving Average on H4, indicating a possible development of a downtrend. However, the RSI is already in the oversold area. As a result, the quotes are expected to rise above 2/8 (0.8911), reaching the resistance level of 3/8 (0.8977). The scenario can be cancelled by a downward breakout of 1/8 (0.8850). In this case, the pair might drop to the support at 0/8 (0.8789).
On M15, a breakout of the upper boundary of the VoltyChannel could increase the probability of a price rise.
Free Reports:
XAUUSD, “Gold vs US Dollar”
XAUUSD quotes are above the 200-day Moving Average on H4, revealing the prevalence of an uptrend. The RSI has broken the resistance line. In this case, the quotes are expected to rise above 7/8 (1968.75), followed by a rise to the resistance level of 8/8 (2000.00). The scenario might be cancelled by a downward breakout of 6/8 (1937.50), which could lead to a trend reversal and a decline to the support at 5/8 (1906.25).
On M15, a breakout of the upper boundary of the VoltyChannel could increase the probability of a further price rise.
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 Wednesday, the US stock indices closed mixed as caution persisted in the…
By RoboForex Analytical Department Gold stabilised near 4,000 USD per troy ounce on Thursday but…
By Rachel Mural, Harvard Kennedy School As the race to build data centers across the…
By Alex Krasnok, Florida International University Every bridge has parts that drivers never see: steel…
By Julie Dawson, University of Wisconsin-Madison; Kiki Hubbard, University of Wisconsin-Madison, and Paulina Jenney, University…
By JustMarkets On Tuesday, the US stock indices closed sharply lower due to a large‑scale…
This website uses cookies.