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Murrey Math Lines 29.09.2021 USDJPY, USDCAD

29.09.2021USDJPY, US Dollar vs. Japanese YenIn the H4 chart, USDJPY is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 68, break it, and then continue growing to reach the resistance at 78. However, this scenario may no longer be valid if the price breaks the support at 58 to the downside. After that, the instrument may continue falling towards 38.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, USDCAD is consolidating between 38 and 58. 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.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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