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Murrey Math Lines 05.09.2018 (USDJPY, USDCAD)

05.09.2018

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY may break the 6/8 level. In this case, the price is expected to continue growing towards the resistance at the 8/8 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 may trade downwards to reach the support at the 0/8 level in case it breaks the 3/8 one and fixes below it.

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”

As we can see in the H4 chart, USDCAD is trading close to the resistance level. In this case, the price may fall towards the support at the 6/8 level.

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

In the H1 chart, EURUSD is trading near the resistance level and may resume falling towards the first target at the 5/8 level.

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 downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

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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