USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to rebound from the 5/8 level and then continue growing towards the resistance at the 6/8 one.
As we can see in the H1 chart, the pair may break the 3/8 level and then continue moving upwards to reach the resistance at the 4/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator once again and, as a result, continue trading to the upside.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is is trading inside the “oversold zone”. If the price rebounds from the -1/8 level, it may start a slight correction towards the 0/8 one.
As we can see in the H1 chart, the pair is also trading inside the “oversold zone” below the 0/8 level. The instrument is expected to test the -2/8 level, rebound from it, and then resume growing to reach the 0/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1.2695.
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.