Murrey Level Analysis forUSD/JPY and USD/CAD: July 19.09.2018, 2018

19.09.2018

USD/JPY

On H4, USD/JPY is expected to test 8/8, after which a pullback and a fall to the support at 6/8 may occur.

USDJPY1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

H1 charts show the same Murrey levels as H4, thus confirming the likely 8/8 resistance bounce-off.

USDJPY2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In case VoltyChannel bottom line is broken out on M15, the price will be more likely to go further down.

USDJPY3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/CAD

On H4, we can expect USD/USD to test 0/8, which may then lead to a bounce and a rise to the resistance at 2/8.

USDCAD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

H1 charts show the same Murrey levels as H4, and the likelihood of the price bouncing off the support at 0/8 is confirmed here.

USDCAD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Trading analysis & analytics

Attention!

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.