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Murrey Math Lines 11.04.2018 (USDJPY, USDCAD)

11.04.2018

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.

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 pair may break the 3/8 level and then continue moving upwards to reach the resistance at the 4/8 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 upside line of the VoltyChannel indicator once again and, as a result, continue trading to the upside.

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 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.

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 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.

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 to reach 1.2695.

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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