USD/CHF, “US Dollar vs Swiss Franc”

In the H4 chart, USD/CHF is moving between 5/8 and 6/8. In this case, the price is expected to break 5/8 and then continue falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may continue growing towards the resistance at 8/8.

usdchf

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

usdchf

 

XAU/USD, “Gold vs US Dollar”

As we can see in the H4 chart, XAU/USD is consolidating. In this case, the price is expected to break 3/8 and then continue falling to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

xauusd

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.

xauusd

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.

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