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Murrey Math Lines 09.09.2020 (USDJPY, USDCAD)

USDJPY, “US Dollar vs. Japanese Yen”

On H4, the quotations escaped the overbought area and are trading under 8/8. Further decline to the support at 6/8 is expected. The scenario may be canceled by a breakaway of 8/8 upwards, which may send the quotations into another wave of growth to the resistance at 1/8.

Murrey Math Lines 09.09.2020  USDJPY_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is broken away. This indicates a downtrend and high probability of further decline of the price.

Murrey Math Lines 09.09.2020  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 are trading in a consolidation range. We may expect further growth to the resistance at 5/8. The scenario might be canceled by a breakaway of 4/8 downwards, which will drag the quotations down to the support at 3/8.

Murrey Math Lines 09.09.2020  USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of VoltyChannel is broken away, which increases the probability of further growth of the price.

Murrey Math Lines 09.09.2020  USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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