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.
In the H1 chart, the price is trading above the 5/8 level and may continue growing towards the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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.
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.
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.