Article By RoboForex.com
USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is expected to test the resistance at the 3/8 level, rebound from it, and then resume falling towards the support at the 0/8 one.
As we can see at the H1 chart, the pair has rebounded from the 5/8 level and right now is trading near the 5/8 one. Later, the price may test the 7/8 level, rebound from it, and then resume falling to reach the 4/8 one. However, another scenario suggests that the instrument may break the 7/8 level and then grow to test the resistance at the 8/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, test the resistance at 0.9704.
XAU USD, “Gold vs US Dollar”
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As we can see at the H4 chart, the XAU/USD pair is trading near the 5/8 level. Later, the price is expected to rebound from this level and grow towards the 6/8 one.
At the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. The price may break the 5/8 level and then continue growing to reach the resistance at the 8/8 one.
At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1343.75.
RoboForex Analytical Department
Article By RoboForex.com
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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.
