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Murrey Math Lines 06.03.2019 (USDJPY, USDCAD)

06.03.2019

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is expected to continue growing towards the resistance at the 8/8 level.

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 above the 5/8 level and may continue growing to reach the resistance at the 8/8 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 3/8 level and resume falling towards the support at the 1/8 one.

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

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

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

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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