Murrey Math Lines: USDJPY, USDCAD

RoboForex Team RoboForex

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling to reach 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

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD has broken the 5/8 level and right now is consolidating. In this case, the price may continue growing towards the 7/8 level.

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

In the H1 chart, the pair may break the 7/8 level and then continue trading towards the 8/8 one.

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

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

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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