Murrey Math Lines 15.08.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is consolidating near the upside border of the range. In this case, the price is expected to rebound from the resistance at the 5/8 level and then continue falling to reach the support at the 3/8 one.
In the H1 chart, the price may break the 5/8 level and continue falling trading to the downside to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD may break the 2/8 level and then continue falling towards the support at the 0/8 one.
In the H1 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. If the price breaks the downside border of the range, it may continue falling towards the support at the 0/8 level.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
Forecasts presented in this section only reflect the author’s 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.