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RoboForex

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Murray Math Lines 16.07.2019 (USDJPY, USDCAD)

17.07.2019

USDJPY

The instrument is trading at the upper border of the consolidation area. A decline to the support at 3/8 is expected. The scenario may no longer be valid if the price breaks through 6/8, in which case it may renew recent maximums and test the resistance line at 8/8.

USDJPY_H4_Анализ уровней Мюррея
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15 a breakthrough of the lower line of the VoltyChannel may signal a possible decline to the support at 3/8 from the H4.

USDJPY_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD

On H4 another bearish attempt to break through 3/8 failed. Currently, the instrument grows more and more bullish, which may lead to growth up to the resistance at 4/8. The scenario may no longer be valid if the price breaks 3/8, which may lead to a further decline to 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

On M15 the upper line of the VoltyChannel has been broken, which makes growth of the instrument more possible.

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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