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Murrey Math Lines 03.07.2019 (USDJPY, USDCAD)

03.07.2019

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, the decline was stopped by 1/8 earlier, thus indicating a possible trend reverse. In this case, the price may break 2/8 and continue growing towards the resistance at 4/8. However, this scenario may be no longer valid if the price breaks 1/8.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
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 trading upwards.

USDJPY_M15
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 consolidating. In this case, the pair is expected to grow to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may leave the range and continue falling towards the support at 2/8.

USDCAD_H4
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
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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