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Murrey Math Lines 24.10.2018 (USDJPY, USDCAD)

24.10.2018

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 fall to reach the support at the 3/8 one.

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 inside the “overbought zone”. In this case, the pair is expected to break the 8/8 level and continue falling towards the 5/8 one.

USDJPY2
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 7/8 level and continue growing to reach the resistance at the 8/8 one.

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

In the H1 chart, the price is consolidating. In this case, the instrument may break the 5/8 level and continue trading upwards to reach the resistance at the 8/8 one.

USDJPY2
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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