USD/CHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading above it to indicate a possible ascending tendency. The Relative Strength Index is testing the ascending trendline. In this case, the pair is expected to rebound from 6/8 (0.9643), and then resume growing towards the resistance at 8/8 (0.9765). However, this scenario may be cancelled if the price breaks the support at 6/8 (0.9643) to the downside. After that, the instrument may move downwards to reach 5/8 (0.9582).

Chart

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

Chart

XAU/USD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. The Relative Strength Index has broken the ascending trendline downwards, which is another signal in favour of a further downtrend. In this case, the price is expected to break 5/8 (1656.25) and continue moving downwards to reach the support at 4/8 (1625.00). However, this scenario may no longer be valid if the price breaks the resistance at 6/8 (1687.50) to the upside. After that, the instrument may reverse and resume growing towards 7/8 (1718.75).

Chart

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

Chart

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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