USD/CHF, “US Dollar vs Swiss Franc”
On H4, USDCHF are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI have rebounded from the resistance line. In this situation, we should expect the price to test the level of 2/8 (0.9155), break it, and fall to the support at 1/8 (0.9094). The scenario can be canceled if the price rises above the resistance at 3/8 (0.9216). In this case, the pair could grow to 4/8 (0.9277).
On M15, price falling can be additionally supported by breaking the lower line of the VoltyChannel indicator.
XAU/USD, “Gold vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is testing the support line. As a result, in such circumstances we expect the price to break the level of 7/8 (1968.75) upwards and then grow to the resistance level of +1/8 (2031.25). The scenario can be canceled by a downwards breakaway of the support at 6/8 (1937.50). In this case, gold quotes could correct to 5/8 (1906.25).
On M15, a breakaway of the upper border of VoltyChannel will increase the probability of further growth of the price.
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.
Recommended Content
Editors’ Picks
EUR/USD regains 1.0700 as US Dollar stays on the back foot
EUR/USD is trading above 1.0700, as bulls keep the reins for the second consecutive day early Thursday. The major currency pair fails to justify looming economic fears and upbeat US Treasury bond yields amid a broadly weaker US Dollar. Final Eurozone Q1 GDP eyed.
GBP/USD bulls ignore mixed BoE clues to prod 1.2450 as June Fed rate hike appears elusive
GBP/USD buyers occupy driver’s seat around 1.2450, despite marking a slow run towards the north heading into Thursday’s London open. The Cable pair buyers cheer the receding odds of a Fed rate hike in June while early signals for the Bank of England’s (BoE) interest rate guide appear mixed.
Gold to maintain $1,930 support on mixed growth, Fed concerns
Gold seesaws around intraday high as it prints mild gains after falling the most in a week the previous day. Even so, the XAU/USD remains indecisive on a weekly basis as the markets struggle for clear directions amid the pre-Fed blackout and mixed feelings about global growth concerns.
Dogecoin price could rally 30% if DOGE history over the last six months is enough to go by
Dogecoin price has been trading within a fixed range over the last six months, taking seasonal leaps as volatility increased. With this accumulation pattern, the king of meme coins could be en route to complete the next bounce cycle.
Plenty of hawkishness to go around
/stock-market-graph-gm529236845-54345172_XtraSmall.jpg)
We haven’t seen a lot in the way of volatility and price action this week, but what we have seen is a clear message coming from many central banks. That message is one of hawkishness.