USD/CHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is trading above the 200-day Moving Average to indicate a possible ascending tendency. The Relative Strength Index has rebounded from the support. In this case, the pair is expected to break 5/8 (0.9826) and then continue growing towards the resistance at 7/8 (0.9948). However, this scenario may be cancelled if the price breaks the support at 4/8 (0.9765) to the downside. After that, the instrument may move downwards to reach 3/8 (0.9704).

usdchf

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue its growth towards 7/8 (0.9948) from the H4 chart.

USDCHF

XAU/USD, “Gold vs US Dollar”

As we can see in the H4 chart, after breaking the 200-day Moving Average, XAUUSD is trading above it, thus indicating an ascending tendency. However, there is divergence near 70 on the Relative Strength Index, which is a signal in favour of decline. In this case, the price is expected to break the support at 7/8 (1718.75) and then continue moving downwards to reach 6/8 (1687.50). However, this scenario may no longer be valid if the price breaks the resistance at 8/8 (1750.75) to the upside. After that, the instrument may reverse and resume growing towards +1/8 (1781.25).

XAUUSD

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

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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