Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF has broken the 3/8 level and is no longer consolidating. In this case, the price may continue falling to reach the support at the 1/8 level.
In the H1 chart, the price may break the 6/8 level and trade upwards to reach the resistance at the 8/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
XAUUSD, “Gold vs US Dollar”
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In the H4 chart, XAUUSD is trading between the 1/8 and 3/8 levels. In this case, the price may break the 3/8 level and then continue growing towards the 4/8 one.
As we can see in the H1 chart, the pair has broken the 5/8 level and is no longer consolidating. Later, the price continue trading upwards to reach the 8/8 level.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving to the upside.
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.
