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Murrey Math Lines 23.01.2019 (USDJPY, USDCAD)

23.01.2019

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is still trading above the 5/8 level; it has been able to fix above the 6/8 level and may continue growing towards the resistance at the 7/8 one.

USDJPY1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the H1 chart, the pair is trading inside the “overbought zone”. In this case, the price may break the 8/8 level and resume moving downwards to reach the support at the 6/8 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 is expected to rebound from the resistance at the 3/8 level and resume falling towards the 1/8 one.

USDCAD1
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 downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

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.


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