Murrey Math Lines 24.04.2019 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is still trading below the 7/8 level and may continue falling towards the support at the 5/8 one.
As we can see in the H1 chart, the pair is consolidating. In this case, the price is expected to resume falling to reach the support at the 3/8 level.
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading inside the “overbought zone”. In this case, the price may break the 8/8 level and may continue falling towards the support at the 5/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, 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.