Murrey Math Lines: USD/JPY, USD/CAD

RoboForex Team RoboForex

USDJPY, "US Dollar vs. Japanese Yen"

In the H4 chart, USDJPY is still trading below the 7/8 level and may continue falling towards the support at the 5/8 one.

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

As we can see in the H1 chart, the pair is consolidating. In this case, the price is expected to resume falling to reach the support at the 3/8 level.

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

USDCAD, "US Dollar vs Canadian Dollar"

As we can see in the H4 chart, USDCAD is trading inside the "overbought zone". In this case, the price may break the 8/8 level and may continue falling towards the support at the 5/8 one.

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

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

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

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

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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