Murray Level Analysis for USDJPY and USDCAD: 27/03/2019
USDJPY
On H4, the USDJPY is back to a consolidation range, which signals a likely price rise to the resistance at 5/8.
H1 charts show the same Murray levels as H4, and the likelihood of the price going up to 5/8 is confirmed here.
On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.
USDCAD
On H4, the USDCAD is trading within a consolidation range. Now, once 3/8 gets broken out, the price may fall further to reach the expect at 2/8.
On H1, the 8/8 resistance is going to get tested, after which the price is likely to bounce and fall to the support at 5/8.
In case VoltyChannel bottom 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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