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Murrey Math Lines 24.04.2019 (USDJPY, USDCAD)

24.04.2019

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is still trading below the 7/8 level and may continue 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

As we can see in the H1 chart, the pair is consolidating. In this case, the price is expected to resume falling to reach the support at the 3/8 level.

USDJPY2
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 “overbought zone”. In this case, the price may break the 8/8 level and may continue falling towards the support at the 5/8 one.

USDCAD
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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