Murrey Math Lines 22.08.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to continue falling to reach the support at the 0/8 level.
In the H1 chart, the price may yet trade upwards to reach the 5/8 level, but only after breaking the 2/8 one.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD may break the 5/8 level and then continue falling towards the support at the 3/8 one.
In the H1 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. If the price breaks the downside border of the range, it may continue falling towards the support at the 0/8 level.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
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.