Murrey Math Lines 25.04.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to continue growing and break the resistance at the 8/8 level. In this case, the target will be at the +1/8 one.
As we can see in the H1 chart, the pair may continue moving upwards to reach the resistance at the +2/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading towards 110.15.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to trade towards the 3/8 level.
As we can see in the H1 chart, the pair has rebounded from the 6/8 level. Later, the price is expected to move upwards to reach the resistance at the 8/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
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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.