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Murrey Math Lines 08.08.2018 (USDJPY, USDCAD)

08.08.2018

USDJPY, “US Dollar vs. Japanese Yen”

As we can see In the H4 chart, USDJPY has broken the 5/8 level and right now is consolidating. In this case, the price is expected to continue falling to reach the 3/8 level.

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

In the H1 chart, the price is trading below the 3/8 level and may continue falling trading to the downside.

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 may break the 2/8 level and then continue growing towards the resistance at the 3/8 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 M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

USDCAD2
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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