USDCHF, “US Dollar vs Swiss Franc”
H4: The quotes are in oversold territory. The support level of the RSI has been tested. It is expected that the quotes will break through 0/8 (0.9277) and increase to the resistance level 1/8 (0.9399). This scenario can be canceled by a decrease in the support level -1/8 (0.9155), in these cases the pair might drop to -2/8 (0.9033).
A breakaway from the upper VoltyChannel line will also confirm the growth on M15.
XAUUSD, “Gold vs US Dollar”
The H4 quotes are higher than the 200-day Moving Average. This indicates an uptrend. The RSI has reached the overbought level. The RSI is nearing the overbought area. Accordingly, quotes will likely grow to the nearest resistance level. 7/8 (1843.75). This scenario can be canceled by a decrease in the support level 6/8 (1812.50). This could reduce the price. 5/8 (1781.25).
The upper line of VoltyChannel on M15 is broken. This confirms the uptrend, and increases the likelihood of price growth.
Article by RoboForex.com
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