RoboForex - Analytics

RoboForex

916.00 5.50/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 04.09.2019 (USDJPY, USDCAD)

04.09.2019

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is still consolidating. In this case, the price may continue growing 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 start a new decline towards the support at 1/8.

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, trade upwards to reach 5/8 from the H4 chart.

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 was stopped by 7/8. In this case, the pair may reverse and start falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 7/8. After that, the instrument may start a new ascending structure towards the resistance at 8/8.

USDCAD_H4
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 downside line of the VoltyChannel indicator and, as a result, may resume falling towards 3/8 from the H4 chart.

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.


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