Murrey Math Lines 23.05.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is expected to test the support at the 5/8 level, rebound from it, and then resume growing towards the 7/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue trading upwards to reach the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading to reach 111.79.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to test the resistance at the 8/8 level.
As we can see in the H1 chart, the pair has broken the 5/8 level and may continue growing towards 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.
RoboForex Analytical Department
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.