Murrey Math Lines 25.04.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to continue growing and break the resistance at the 8/8 level. In this case, the target will be at the +1/8 one.
As we can see in the H1 chart, the pair may continue moving upwards to reach the resistance at the +2/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading towards 110.15.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to trade towards the 3/8 level.
As we can see in the H1 chart, the pair has rebounded from the 6/8 level. 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 upwards.
RoboMarkets Analytical Department
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.