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Murrey Level Analysis for USD/JPY and USD/CAD: 26.09.2018

26.09.2018

USD/JPY

On H4, the USDJPY is in the overbought territory, but still may rise to the resistance at 2/8. Going short may only be valid once 8/8 gets broken out.

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

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

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

USD/CAD

On H4, the USD/CAD left the oversold territory, and may continue rising to the resistance at 3/8.

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

H1 charts show the same Murrey levels as H4, which confirms the possible rise.

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

On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.

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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