RoboForex - Analytics

RoboForex

944.75 5.25/10
79% of positive reviews
Real
How to join the service?

Murrey Math Lines 02.09.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

On H4, the quotations escaped the overbought area and are currently trading under 8/8. We expect the price to decline further to the support at 6/8. The scenario may be canceled by a breakaway of 8/8 upwards, which may bring the price to the resistance at 1/8.

Murrey Math Lines 02.09.2020 USDJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, if the lower line of the VoltyChannel indicator is broken, the decline to 6/8 on H4 will become more probable.

Murrey Math Lines 02.09.2020 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”

On H4, the quotations broke away 3/8 and are trading in a consolidation range. Currently, we might expect it to grow to the resistance level at 4/8. This scenario will no longer be valid if 3/8 is broken downwards, which will bring the price to the support at 2/8.

Murrey Math Lines 02.09.2020 USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper border of VoltyChannel is broken away. This increases the chances that the price will go on growing.

Murrey Math Lines 02.09.2020 USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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