USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is moving between 0/8 and 1/8. In this case, the price is expected to break 1/8 and then continue growing to reach the resistance at 3/8. However, 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.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue the ascending tendency.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, after breaking 7/8, XAUUSD is moving above it. In this case, the price is expected to continue growing to reach the next resistance at 8/8. However, this scenario may no longer be valid if the price breaks the support at 7/8 to the downside. After that, the instrument may continue falling towards the support at 6/8.
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.
