USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is moving above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 7/8. Still, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may reverse and correct towards 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 the ascending tendency.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, after breaking the 200-day Moving Average, XAUUSD is moving below it, thus indicating a descending tendency. However, right now, the asset is moving inside the “oversold area”. In this case, the price is expected to break 0/8 upwards and correct to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks the support at -1/8 to the downside. After that, the instrument may continue falling towards -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
