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Murrey Math Lines 15.09.2021 USDJPY, USDCAD

15.09.2021USDJPY, US Dollar vs. Japanese YenIn the H4 chart, USDJPY is approaching the oversold area. In this case, the price is expected to test 08, rebound from it, and then resume growing to reach the resistance at 18. However, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may continue falling towards 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.USDCAD, US Dollar vs Canadian DollarIn the H4 chart, USDCAD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to break 48 and continue growing towards the resistance at 58. 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 58 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.

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