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Murrey Math Lines 22.04.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from 5/8. In this case, the price is expected to resume falling towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue trading upwards to reach the resistance at 6/8.

USDJPY_H4 has rebounded from 5/8
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 downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

USDJPY_M15 continue moving downwards.
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, after breaking 2/8, USDCAD may is expected to continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may move downwards to reach the support at 1/8.

USDCAD_H4  may is expected to continue growing towards the resistance at 3/8
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.

USDCAD_M15 may continue trading upwards.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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