Murrey Math Lines 20.02.2019 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is trading above the 5/8 level. In the future, the price may break the 7/8 level and continue growing towards the resistance at the 8/8 one.
In the H1 chart, the scenario may be a bit different. The pair may rebound from the 7/8 level and then resume falling to reach support at the 5/8 one.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to rebound from the support at the 0/8 level and resume growing towards the resistance at the 3/8 one.
As we can see in the H1 chart, the pair has rebounded from the support at the 0/8 level and may resume growing to reach resistance at the 3/8 one.
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.