USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF quotes have breached the 8/8 (0.8789) level on H4, exiting the overbought area. The RSI has broken the support line. In this situation, the price is expected to continue falling to the support at 6/8 (0.8667). The scenario could be cancelled by rising above the resistance at +1/8 (0.8850). In this situation, the quotes might rise to the +2/8 (0.8911) level.

USDCHF

On M15, the lower boundary of the VoltyChannel is broken, which increases the probability of a further price decline.

USDCHF

XAU/USD, “Gold vs US Dollar”

Gold quotes have broken the 200-day Moving Average on H4 and are currently above it, indicating the probability of an uptrend development. The RSI has rebounded from the support line. In this situation, the quotes are expected to rise above 2/8 (2031.25), subsequently growing to the resistance at 3/8 (2046.88). The scenario could be cancelled by a downward breakout of the support at 1/8 (2015.62). In this case, gold quotes might drop to the 0/8 (2000.0) level.

XAUUSD

On M15, the price growth could be additionally supported by a breakout of the upper boundary of the VoltyChannel.

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.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD slides to multi-month lows below 1.0650

EUR/USD slides to multi-month lows below 1.0650

EUR/USD stays under heavy bearish pressure and trades at its lowest level since November below 1.0650. Divergent ECB-Fed policy outlooks and the risk-averse market atmosphere keep the US Dollar strongly bid and weigh on the pair.

EUR/USD News

GBP/USD extends decline below 1.2450 on sustained USD strength

GBP/USD extends decline below 1.2450 on sustained USD strength

GBP/USD extends losses and trades at fresh multi-month lows below 1.2450 even after the January month UK GDP was revised higher to 0.3%. The negative shift seen in risk mood fuels another leg higher in the USD and drags the pair lower.

GBP/USD News

Gold advances to new historic high above $2,400

Gold advances to new historic high above $2,400

Gold gathers bullish momentum ahead of the weekend and trades at a new record high above $2,400. Escalating geopolitical tensions help XAU/USD continue to push up despite the broad-based US Dollar strength.

Gold News

Robert Kiyosaki steers clear from ETFs, opts for holding Bitcoin directly instead

Robert Kiyosaki steers clear from ETFs, opts for holding Bitcoin directly instead

Rich Dad Poor Dad author Robert Kiyosaki says he will not buy Bitcoin ETFs. Kiyosaki stated his dislike for Wall Street’s financial products and preferred packaging his own. 

Read more

Five fundamentals for the week ahead: Israel-Iran tensions, US Retail Sales, and more Premium

Five fundamentals for the week ahead: Israel-Iran tensions, US Retail Sales, and more

US Retail Sales data will provide an updated snapshot of the health of the economy. Chinese GDP may confirm the narrative that Beijing's stimulus is working. UK inflation data may push the Bank of England to early rate cuts.

Read more

Majors

Cryptocurrencies

Signatures