Murrey Math Lines: USD/JPY, USD/CAD

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has failed to break the resistance at the 7/8 level and may resume falling towards the support at the 5/8 one.

USDJPY

In the H1 chart, the pair may break the 5/8 level and continue falling to reach the support at the 3/8 one.

USDJPY

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDJPY

 

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.

USDCAD

As we can see in the H1 chart, the pair has broken the 3/8 level and may continue falling to reach the support at the -1/8 one.

USDCAD

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDCAD

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.