Murrey Math Lines 18.04.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is trading inside the “overbought zone” above the 8/8 level. If the price breaks the +1/8 level, the instrument may continue falling towards the 8/8 one.
As we can see in the H1 chart, the pair has broken the 5/8 level and is no longer consolidating. Later, the price is expected to move upwards to reach the resistance at the 8/8 one.
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 trading to the upside.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is trading inside the “oversold zone”. If the price breaks the -1/8 level, it may grow to reach the 0/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 1.2695.
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