RoboForex - Analytics

RoboForex

906.75 5.50/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 07.11.2018 (USDJPY, USDCAD)

07.11.2018

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is no longer trading inside the “oversold zone”. In this case, the price is expected to grow to reach the resistance at 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 above the 5/8 level and may continue growing towards the 8/8 one.

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 upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

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 test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 5/8 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 break the 5/8 level and continue trading downwards to reach the first target at the 3/8 one.

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.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree