Murrey Math Lines for 11.09.2021 (USDJPY, USDCAD)
USDJPY, "US Dollar vs Japanese Yen"
On H4, the quotations have broken through the 200-days Moving Average and are trading above it, hinting on a possible development of an uptrend. We expect the level of 4/8 to be tested, then broken away, and further growth of the price to 5/8. The scenario might be cancelled by a breakaway of 3/8 downwards. In this case, the quotations might fall to the support level of 2/8.
On M15, the upper line of the VoltyChannel indicator is broken, which increases the probability of further price growth.
USDCAD, "US Dollar vs Canadian Dollar"
The quotations are trading above the 200-days MA, indicating the dominance of an uptrend. We expect the level of 6/8 to be tested and broken away. Then the price should grow to the resistance level of 7/8. The scenario might be canceled by a breakaway of 5/8 downwards. This might provoke further falling to the support level of 4/8.
On M15, further growth of the price will be supported by a breakaway of the upper border of VoltyChannel.
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