Murrey Math Lines 05.12.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has rebounded from the support at the 5/8 level and may resume growing towards the resistance at the 7/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to test the 6/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.
In the H1 chart, the price may break the 5/8 level and then continue trading downwards to reach the target at the 1/8 one.
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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