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

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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