Murrey Level Analysis for USD/JPY and USD/CAD: July 25, 2018
USD/JPY
On H4, the USD/JPY is trading within a consolidation range between 3/8 and 5/8. Here we can expect the price to fall to the support at 3/8.
On H1, the charts show the same Murrey levels as on H4, thus the likelihood of the price going down to 3/8 is confirmed here.
On M15, the breakout of the lower line of VoltyChannel will increase the possibility of further price drop.
USD/CAD
On H4, the USD/CAD is trading within a consolidation range between 3/8 and 5/8. Now, once 3/8 gets broken out, the price may go down further to reach the support at 2/8.
On H1, the breakout of 3/8 can be expected with the possible drop to the support at 0/8.
In case VoltyChannel lower line is broken out on M15, the price will be likely to go further down.
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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