Murrey Level Analysis: USD/JPY, USD/CAD

RoboForex Team RoboForex

USD/JPY

On H4, the USDJPY is in the overbought territory, but still may rise to the resistance at +2/8. Going short may only be valid once 8/8 gets broken out.

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

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

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

USD/CAD

On H4, the USD/CAD left the oversold territory, and may continue rising to the resistance at 3/8.

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

H1 charts show the same Murrey levels as H4, which confirms the possible rise.

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

On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.

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

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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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