USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has rebounded from the support at the 0/8 level. In this case, the price is expected to resume growing to reach the resistance at the 3/8 level.
In the H1 chart, the scenario may be a bit different. The price may test the 0/8 level, rebound from it, and then resume growing towards 114.84.
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”
As we can see in the H4 chart, USDCAD is trading close to the 5/8 level. In this case, the price may rebound from this level and resume falling towards the support at the 4/8 one.
In the H1 chart, the price is trading close to resistance at the 8/8 level. In the future, the instrument may rebound from this level and resume trading downwards to reach the support at the 5/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving 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.