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Murrey Math Lines 24.11.2021 USDJPY, USDCAD

24.11.2021USDJPY, US Dollar vs. Japanese YenAs we can see in the H4 chart, USDJPY is trading above the 200day Moving Average, thus indicating an ascending tendency. Having broken 78 and fixed above it, the price is expected to continue growing to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks 78 to the downside. After that, the instrument may reverse and correct towards the support at 68.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.USDCAD, US Dollar vs Canadian DollarAs we can see in the H4 chart, USDCAD is retesting the resistance at 88. In this case, the price is expected to rebound from this level and then resume falling towards the support at 68. Still, this scenario may no longer be valid if the price breaks 88 to the upside. After that, the instrument may grow to reach the resistance at 18.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling to reach 68 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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