USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is consolidating. In this case, the pair is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the instrument breaks 3/8. After that, the pair may start a new decline to reach the support at 1/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD has broken the uptrend line; right now. It is trading below it. In this case, the price may continue falling towards the support at 4/8. However, this scenario may no longer be valid if the instrument breaks 7/8. After that, the pair may continue growing to reach the resistance at +1/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
