Murrey Math Lines: USDJPY, USDCAD

RoboForex Team RoboForex

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from the support at the 0/8 level. In this case, the price is expected to resume growing to reach the resistance at the 3/8 level.

In the H1 chart, the scenario may be a bit different. The price may test the 0/8 level, rebound from it, and then resume growing towards 114.84.

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.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading close to the 5/8 level. In this case, the price may rebound from this level and resume falling towards the support at the 4/8 one.

In the H1 chart, the price is trading close to resistance at the 8/8 level. In the future, the instrument may rebound from this level and resume trading downwards to reach the support at the 5/8 one.

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

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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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