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Murrey Math Lines 14.12.2022 (USDJPY, USDCAD)

USDJPY, “US Dollar vs Japanese Yen”

On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the support line downwards. A test of 3/8 (134.37) is expected, followed by a breakaway and falling to the support level of 2/8 (131.25). The scenario can be cancelled by rising over the resistance level of 4/8 (137.50). In this case, the pair may rise to 5/8 (140.62).

Murrey Math Lines 14.12.2022 USDJPYH4
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 prevalence of a downtrend and a high probability of further price falling.

Murrey Math Lines 14.12.2022 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 quotes have bounced off the 200-day Moving Average and are now above it, which indicates prevalence of an uptrend and an end to the correctional movement. The RSI have bounced off the support level. All in all, growth to 8/8 (1.3671) is expected. The scenario can be cancelled by a downward breakaway of the support level of 7/8 (1.3549), which might lead to a trend reversal and falling to 6/8 (1.3427).

Murrey Math Lines 14.12.2022 USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper border of VoltyChannel will signal further growth of the price.

Murrey Math Lines 14.12.2022 USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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