USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is consolidating. In this case, the price is expected to break 5/8 and then continue growing towards the resistance at 7/8. 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.
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 trading upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD is consolidating between 3/8 and 5/8. In this case, the price is expected to break 5/8 and then continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the downside border 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 towards 7/8 from the H4 chart.
