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Murray Math Lines 24.07.2019 (USDJPY, USDCAD)

24.07.2019

USDJPY

On H4 the instrument is trading above the consolidation range. In the present situation further growth of the price to the resistance at 8/8 may be expected. The scenario may no longer be valid if the pair breaks through 5/8, which may provoke further decline to the support at 3/8.

USDJPY_H4
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 is broken, which increases the probability of further growth of price.

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

USDCAD

On H4 the instrument is trading in the consolidation range again. Currently, further growth to the upper border of the consolidation range at 5/8 remains possible. The scenario may no longer be valid if the price breaks 3/8, which may provoke another wave of declining with the aim at 0/8.

USDCAD_H4
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 is broken,which enhances the probability of growth; however, a breakthrough of the lower line of the indicator may change the situation abruptly, provoking a decline to 0/8 on H4.

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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