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Murrey Math Lines 31.01.2018 (USD/JPY, USD/CAD)

31.01.2018

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart, the USD/JPY pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may continue falling to reach the 2/8 one.

USDJPY1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

As we can see at the H1 chart, the price has rebounded from the 3/8 level. In the future, the instrument is expected to continue falling towards the main target, which is the support at the 0/8 level.

USDJPY2
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach the main target at 107.81.

USDJPY3
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

USD CAD, “US Dollar vs Canadian Dollar”

As we can see at the H4 chart, the USD/CAD pair has broken the 5/8 level and right now is consolidating between it and the 3/8 one. In the future, the price is expected to fall towards the support at the 4/8 level.

USDCAD1
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

At the H1 chart, the pair may break the 3/8 level and then continue falling towards the support at the 0/8 one.

USDCAD2
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDCAD3
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department

Attention!

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.



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