Murrey Math Lines 13.03.2019 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to test the 7/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.
As we can see in the H1 chart, the pair is trading below the 3/8 level and may continue falling. In this case, the price is expected to test the above-mentioned level, rebound from it, and then resume falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is trading close to the 3/8 level and may grow towards the resistance at the 5/8 one.
As we can see in the H1 chart, the pair is trading above the 5/8 level and may continue growing. In this case, the price is expected to test the above-mentioned level, rebound from it, and then resume growing to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.