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Murrey Math Lines 01.09.2021 USDJPY, USDCAD

01.09.2021USDJPY, US Dollar vs. Japanese YenIn the H4 chart, after breaking the 200day Moving Average, USDJPY is trading above it, thus indicating an ascending tendency. In this case, the price is expected to continue growing to reach the closest resistance at 38. However, this scenario may no longer be valid if the price breaks 28 to the downside. After that, the instrument may fall towards the support at 18.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 its growth.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, USDCAD is trading above the 200day Moving Average, thus indicating an ascending tendency. Earlier, the asset rebounded from the support at 38. In this case, the price is expected to resume growing towards the resistance at 48. Still, this scenario may no longer be valid if the price breaks 38 to the downside. After that, the instrument may continue trading downwards to reach the support at 28.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.Back to listAttention!Forecasts presented in this section only reflect the authors 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.

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