USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is still consolidating. In this case, the price is expected to break 4/8 and then continue falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator once again and, as a result, continue trading downwards to reach 3/8 from the H4 chart.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is moving between 6/8 and 7/8. In this case, the price may resume trading downwards, break 6/8, and then continue its decline towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 7/8 to the upside. After that, the instrument may continue growing towards the resistance at 8/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator again and, as a result, continue trading downwards.
