Murrey Math Lines 05.09.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY may break the 6/8 level. In this case, the price is expected to continue growing towards the resistance at the 8/8 level.
In the H1 chart, the price may trade downwards to reach the support at the 0/8 level in case it breaks the 3/8 one and fixes below it.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading close to the resistance level. In this case, the price may fall towards the support at the 6/8 level.
In the H1 chart, EURUSD is trading near the resistance level and may resume falling towards the first target at the 5/8 level.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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