Murrey Math Lines 12.07.2017 (EUR/USD, USD/CAD)

12.07.2017

EUR USD, “Euro vs US Dollar”

As we can see at the H4 chart, the EUR/USD pair is trading at the resistance at the 4/8 level. Later, the price may rebound from this level and fall towards the 3/8 one at 1.1413 and even break it.

EURUSDH4

At the H1 chart, the price is trading close to the strong resistance at the 8/8 level, which also indicates that the pair may reverse and continue moving downwards.

EURUSDH1

At the M15 chart, the pair broke the downside line of the VoltyChannel indicator. As a result, the price may fall to reach 1.1413.

EURUSDM15

USD CAD, “US Dollar vs Canadian Dollar”

At the H4 chart, the USD/CAD pair is trading inside the “oversold zone” under the support at the 0/8 level. The price is expected to break this level and then continue moving upwards to reach the 3/8 one at 1.3244.

USDCADH4

As we can see at the H1 chart, the pair is expected to break the 3/8 level at 1.2908 and, as a result, may continue growing towards the 8/8 one at 1.3183 and even break it to reach 1.3244.

USDCADH1

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach and break 1.2935.

USDCADM15

 

RoboForex Analytical Department

Attention!

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.