Murrey Math Lines: USDJPY, USDCAD

RoboForex Team RoboForex

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected the support at the 5/8 level, rebound from it, and then resume growing towards the resistance at 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 price may trade downwards to reach the 5/8 level, rebound from it, and then start a new growth to reach the 8/8 one.

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 is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 3/8 level and continue falling towards the support at the 0/8 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

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.

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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