Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF may rebound from the 3/8 level and then resume falling to reach the support at the 0/8 one.
As we can see in the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8one.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 4/8 level, rebound from it, and then resume growing towards the 5/8 one.
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In the H1 chart, the pair may rebound from the 4/8 level and then resume trading upwards to reach the resistance at the 6/8one.
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.
