USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 one.
In the H1 chart, the pair is trading inside the “oversold zone”. In this case, the price may break the 0/8 level and continue trading upwards to reach the resistance at the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
XAUUSD, “Gold vs US Dollar”
In the H4 chart, XAUUSD may break the 5/8 level and continue moving upwards to reach the resistance at the 7/8 one.
In the H1 chart, the pair may break the 1/8 level and continue growing towards the resistance at the 3/8 one. Another scenario implies that the price may test the support at the 0/8 level, rebound from it, and then resume trading upwards to reach 3/8 one.
