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