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Murrey Math Lines 10.11.2021 USDJPY, USDCAD

10.11.2021USDJPY, US Dollar vs Japanese YenOn H4, the quotations are trading in a consolidation range between 38 and 58. In this case, we expect a test of 48, a bounce off it, and growth to the resistance level of 58. This scenario can be cancelled by a breakaway of 48 downwards. In this situation, the quotations will continue the decline to the support level of 38.On M15, the growth can be confirmed by a breakaway of the upper line of VoltyChannel.USDCAD, US Dollar vs Canadian DollarOn H4, the quotations are trading under the 200days Moving Average, which hints on a prevailing downtrend. In this case, we expect a bounce off 68 and a subsequent decline to the support level of 58. The scenario can be cancelled by a breakaway of 68 upwards. This can reverse the trend and make the pair grow to the resistance level of 78.On M15, the decline can be confirmed by a breakaway of the lower line of VoltyChannel.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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