USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY may break the 3/8 level and then continue falling towards the support at the 1/8 one.
As we can see in the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If the price breaks the 3/8 level, the instrument may continue falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to continue growing towards the 6/8 level.
As we can see in the H1 chart, the pair may break the 3/8 level and then continue growing to reach the resistance at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.