USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is moving at 3/8. In this case, the price expected to rebound from this level and then resume trading upwards to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is moving at 5/8. Earlier, there was a false breakout of this level. At the moment, this situation is expected to repeat. If the candlestick is closed above 5/8, the price may continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue falling towards the support at 3/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
