Article By RoboForex.com
USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is expected to continue growing to reach the resistance at the 3/8 level.
In the H1 chart, USDCHF is trading above the 5/8 level and may continue trading upwards to reach the resistance at the 8/8 one.
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 upwards.
XAUUSD, “Gold vs US Dollar”
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As we can see in the H4 chart, XAUUSD is consolidating. In this case, the price may continue trading upwards to reach the resistance at the 5/8 level.
In the H1 chart, the pair is trading inside the “oversold zone”. In this case, the price may break the 0/8 level and continue growing towards the resistance at the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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.