Latest News

Murrey Math Lines 08.09.2021 USDJPY, USDCAD

08.09.2021USDJPY, US Dollar vs. Japanese YenIn the H4 chart, after breaking the 200day Moving Average again, USDJPY is trading above it, thus indicating an ascending tendency. In this case, the price is expected to test 38, break it, and then continue growing to reach the resistance at 48. 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 Dollarin the H4 chart, after breaking the 200day Moving Average, USDCAD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to continue 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 reverse and trade downwards to reach the support at 28.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 to reach 48 from the H4 chart.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.

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News