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Murrey Math Lines 28.03.2018 (USDJPY, USDCAD)

28.03.2018

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY may break the 3/8 level and then continue falling towards the support at the 1/8 one.

USDJPY1
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 price 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 support at the 0/8 one.

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

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

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 is expected to continue growing towards the 6/8 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 break the 3/8 level and then continue growing to reach the resistance at the 5/8 one.

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

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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