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 5/8 level, rebound from it, and then resume growing towards the 6/8 one.
At the H1 chart, there are two possible scenarios. The main scenario implies that the pair may test the 2/8 level, rebound from it, and then resume growing towards the 4/8 one. The other one suggests that the instrument may break the 2/8 level and then continue falling to reach the support at the 0/8 one.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
XAU USD, “Gold vs US Dollar”
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At the H4 chart, the XAU/USD pair is expected to continue growing towards the target at the 8/8 level.
At the H1 chart, the price may be corrected towards the 5/8 level, rebound from it, and then resume growing to reach the resistance at the 8/8 one.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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.