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Murrey Math Lines 24.06.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from 0/8. In this case, the price is expected to resume growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue trading downwards to reach the support at -2/8.

Murrey Math Lines 24.06.2020 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 moving upwards.

Murrey Math Lines 24.06.2020 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”

As we can see in the H4 chart, USDCAD is moving not far from 3/8. In this case, the pair is expected to break this level to the upside to return inside the consolidation range and continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 2/8 to the downside. After that, the instrument may continue moving downwards to reach the support at 1/8.

Murrey Math Lines 24.06.2020 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 trading downwards to reach 5/8 from the H4 chart.

Murrey Math Lines 24.06.2020 USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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