Latest News

Murrey Math Lines 13.10.2021 USDJPY, USDCAD

13.10.2021USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, USDJPY is trading within the overbought area. In this case, the price is expected to break 18 and continue falling to reach the support at 88. However, this scenario may no longer be valid if the price breaks 28 to the upside. After that, the lines in the chart will be redrawn, thus helping us to define new upside targets.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.USDCAD, US Dollar vs Canadian DollarIn the H4 chart, USDCAD is trading close to the oversold area. In this case, the price is expected to rebound from 08 and then resume growing towards the resistance at 28. Still, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may continue trading downwards to reach the support at 18.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume the ascending tendency only after rebounding from 08 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Your email address will not be published.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