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Murrey Math Lines 20.03.2019 (USDJPY, USDCAD)

20.03.2019

USDJPY

On H4, the USDCAD is trading above the consolidation range and is likely to continue rising to reach the resistance at 8/8.

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

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

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

USDCAD

On H4, the USDCAD is trading below the consolidation range. The 3/8 is going to get tested, after which the price is likely to bounce and fall to the support at 0/8.

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

On H1, the pair is trading within a consolidation range. Now, once 4/8 gets broken out, the price may fall further to reach the support at 0/8.

USDCAD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In case VoltyChannel bottom line is broken out on M15, the price will be more likely to go further down.

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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