USDCHF, “US Dollar vs Swiss Franc”
In the H4 chart, USDCHF is moving below the 200-day Moving Average, thus indicating a descending tendency. However, yesterday the pair rebounded from the strong support at 0/8. In this case, the price is expected to correct upwards and reach 3/8. Still, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards 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 the ascending tendency.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is moving above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 3/8 and then continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue falling towards the support at 1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
