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Murrey Math Lines 27.02.2019 (USDJPY, USDCAD)

27.02.2019

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, yesterday USDJPY rebounded from the resistance at the 8/8 level and may resume falling towards the support at the 5/8 one.

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

In the H1 chart, the pair may test the 7/8 level, rebound from it, and then resume falling to reach support at the 4/8 one.

USDJPY2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDJPY3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and continue growing towards the resistance at the 3/8 one.

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

In the H1 chart, the pair may break the 4/8 level and continue growing to reach resistance at the 8/8 one.

USDCAD2
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.

USDCAD3
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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