RoboForex - Analytics

RoboForex

916.00 5.50/10
78% of positive reviews
Real
How to join the service?

Murrey Math Lines 26.06.2019 (USDJPY, USDCAD)

26.06.2019

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, the decline was stopped by 1/8, which is not a strong resistance level. It means that bearish pressure on USDJPY is decreasing and bulls may try to take advantage of it. In this case, the price is expected to grow towards the resistance at 3/8. To confirm this scenario, the pair must break 2/8. However, this scenario may be no longer valid if the price breaks 1/8. After that, the instrument may resume trading downwards to reach the support at 0/8.

USDJPY_H4_Анализ уровней Мюррея
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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

USDJPY_M15_Анализ уровней Мюррея
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 trading close to the “oversold area”. In this case, the pair is expected to test 1/8, rebound from it, and then resume growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks -1/8. After that, the instrument may continue falling towards the support at -2/8.

USDCAD_H4_Анализ уровней Мюррея
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.

USDCAD_M15_Анализ уровней Мюррея
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.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree