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 no longer trading inside the “oversold zone” and may continue trading upwards to reach the resistance at the 3/8 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 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 is expected to resume trading downwards to reach the support at the 3/8 level.
In the H1 chart, the pair is trading below the 3/8 level and may continue falling towards the support at the 1/8 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.
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.
