Article By RoboForex.com
USDCHF
On H4, we can expect the USDCHF to test 0/8, which may then lead to a bounce and a rise to 3/8.
H1 is absolutely identical to H4, which confirms the prediction above.
In case VoltyChannel upper line is broken out on M15, the price will be likely to rise.
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On H4, the price is declining within a consolidation range between 3/8 and 5/8. The 5/8 is going to get tested, after which the price is likely to bounce and fall to the support at 3/8.
On H1, the price is overbought. Now, once 1/8 gets broken out, it may fall further to reach the support at 5/8.
In case VoltyChannel bottom line is broken out on M15, the price will be more likely to go further down.
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.