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Murrey Level Analysis for USD/JPY and USD/CAD: July 25, 2018

25.07.2018

USD/JPY

On H4, the USD/JPY is trading within a consolidation range between 3/8 and 5/8. Here we can expect the price to fall to the support at 3/8.

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

On H1, the charts show the same Murrey levels as on H4, thus the likelihood of the price going down to 3/8 is confirmed here.

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

On M15, the breakout of the lower line of VoltyChannel will increase the possibility of further price drop.

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

USD/CAD

On H4, the USD/CAD is trading within a consolidation range between 3/8 and 5/8. Now, once 3/8 gets broken out, the price may go down further to reach the support at 2/8.

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

On H1, the breakout of 3/8 can be expected with the possible drop to the support at 0/8.

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

In case VoltyChannel lower line is broken out on M15, the price will be likely to go further down.

USDCAD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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