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).

USDCHF

On M15, price falling can be additionally supported by breaking the lower line of the VoltyChannel indicator.

USDCHF

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).

XAUUSD

On M15, a breakaway of the upper border of VoltyChannel will increase the probability of further growth of the price.

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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