USDCHF, "US Dollar vs Swiss Franc"

As we can see in the H4 chart, the downtrend continues. Right now, USDCHF is trading close to 3/8. If the pair rebounds from this level, it may resume falling towards the support at 0/8. However, if the instrument breaks 3/8 upwards, the pair may start a new correction to reach the resistance at 5/8.

USDCHF

 

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is trading above 5/8, thus indicating further growth towards 8/8 and +2/8. As a result, the most probable scenario is the one that implies further ascending movement. However, this scenario may no longer be valid if the price breaks 5/8. In this case, the instrument may resume falling to reach the support at 0/8.

USDCHF

 

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, "Gold vs US Dollar"

As we can see in the H4 chart, XAUUSD has failed to break the resistance at 7/8, which means a new decline towards the support at 3/8. However, this scenario may be no longer valid if the pair breaks the resistance at 7/8. In this case, the instrument may continue growing towards the "overbought area" up to +2/8.

XAUUSD

 

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, resume moving downwards.

XAUUSD

 

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: positive mood could prevent the collapse

The shared currency has remained under selling pressure on Friday, amid mounting speculation the ECB will announce a larger-than-anticipated stimulus package next September. EUR/USD capped by a Fibonacci resistance at 1.1110, yearly low at risk.

EUR/USD News

GBP/USD: economic disruption on a no-deal Brexit to weigh on Sterling

The GBP/USD pair has closed the week with gains, a handful of pips below the 1.2150 level. The Pound advanced for a third consecutive day, helped by some headlines indicating that Jeremy Corbyn, has been in talks with the Scottish National Party.

GBP/USD News

USD/JPY: short-term advance to be capped by long-term jitters

The USD/JPY has recovered some ground these last few days, to close the week at 106.35. Still, it posted a lower low and a lower high when compared to the previous week, as the Yen benefited from its safe-haven condition on mounting concerns about a US recession. 

USD/JPY News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Majors

Cryptocurrencies

Signatures