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Murrey Math Lines 21.03.2018 (USDJPY, USDCAD)

21.03.2018

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to test the support at the 0/8 level, rebound from it, and then resume growing towards the resistance at the 2/8 one.

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

In the H1 chart, the price may break the 1/8 level and then continue growing towards the resistance at the 3/8 one. However, the price may yet test the support at the 0/8 level, rebound from it, and then resume growing to reach the 3/8 one.

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

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 moving upwards.

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

 

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD may break the 7/8 level and then continue growing towards the resistance at the 8/8 level.

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

As we can see in the H1 chart, the pair may rebound from the 5/8 level and then continue growing to reach the resistance at the 8/8 one.

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

As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

USDCAD3
Risk Warning: the result 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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