USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is consolidating. In this case, it is expected to break the 4/8 level and grow to reach the resistance at the 5/8 one.
In the H1 chart, the price is expected to test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 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.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to fall towards the 3/8 level.
In the H1 chart, the price may test the 5/8 level, rebound from it, and then resume falling towards the support at the 2/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
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.