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Murrey Math Lines 21.08.2017 (USD/CAD, USD/JPY)

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, the USD/CAD pair is consolidating between the 3/8 and 5/8 levels. The price is expected to rebound from the 3/8 level at 1.2573 and grow towards the 5/8 one at 1.2817.

As we can see at the H1 chart, the pair has rebounded from the support at the 0/8 level at 1.2573 and, as a result, may start growing to reach 1.2817.

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, move upwards to reach 1.2817.

 

USD JPY, “US Dollar vs. Japanese Yen”

As we can see at the H4 chart, the USD/JPY pair is trading below the 0/8 level at 109.37. If the price breaks this level, it may start growing towards the 3/8 one at 111.71.

At the H1 chart, the price is also trading at the 0/8 level at 109.37. The future scenario is the same as for the H4 chart.

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator. As a result, the price may continue moving upwards.

 

RoboForex Analytical Department

 


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