USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and continue falling towards the support at the 6/8 one.
In the H1 chart, the pair is also moving inside the “overbought zone” and may resume trading downwards to reach the 5/8 level.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is consolidating. In this case, the price may resume trading downwards to reach the closest support at the 3/8 level.
In the H1 chart, the pair is no longer consolidating and may continue falling towards the support at the 5/8 level.
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.
