USDCHF, “US Dollar vs Swiss Franc”
As we can see in the H4 chart, USDCHF is no longer moving inside the “oversold area”. In this case, the pair may break 1/8 and continue growing towards the resistance at 3/8. However, as long as the price is trading below 1/8, the instrument is expected to continue falling towards -2/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
XAUUSD, “Gold vs US Dollar”
As we can see in the H4 chart, XAUUSD is still moving upwards; right now, it is trading inside the “overbought area”. In this case, the price is expected to test +2/8, rebound from it, and then resume falling to reach the support at 7/8. However, this scenario may no longer be valid if the price breaks +2/8. After that, the levels on the chart will be redrawn.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, start a correction towards the support at 7/8 from the H4 chart.
