USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling to reach the support at the 5/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD has broken the 5/8 level and right now is consolidating. In this case, the price may continue growing towards the 7/8 level.
In the H1 chart, the pair may break the 7/8 level and then continue trading towards the 8/8 one.
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.
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.