USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is no longer trading inside the “oversold area”; right now, it is moving to reach the target at 3/8. The only obstruction left is 2/8. Hence, the pair is expected to break it and grow towards the resistance at 3/8. However, this scenario may no longer be valid if the instrument breaks 1/8. After that, the pair may start a new decline to reach the support at 0/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is trading above 5/8. In this case, the price may continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the instrument breaks 5/8. After that, the pair may resume falling to reach the support at 3/8.
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. However, if the price breaks the downside line, the instrument may resume falling to reach the support at 3/8 from the H4 chart.
