Murray Math Lines: USD/JPY, USD/CAD

RoboForex Team RoboForex

USDJPY

The instrument is trading at the upper border of the consolidation area. A decline to the support at 3/8 is expected. The scenario may no longer be valid if the price breaks through 6/8, in which case it may renew recent maximums and test the resistance line at 8/8.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 a breakthrough of the lower line of the VoltyChannel may signal a possible decline to the support at 3/8 from the H4.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD

On H4 another bearish attempt to break through 3/8 failed. Currently, the instrument grows more and more bullish, which may lead to growth up to the resistance at 4/8. The scenario may no longer be valid if the price breaks 3/8, which may lead to a further decline to the support at 2/8.

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 the upper line of the VoltyChannel has been broken, which makes growth of the instrument more possible.

Warning: the result of previous trading operations do not guarantee the same results in the future

Author

RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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