Murray Math Lines 19.07.2017 (USD/JPY, USD/CAD)

19.07.2017

USD/JPY

The H4-chart of USD/JPY pair shows the price moving within a channel formed by 5/8 and 3/8 levels. A rise of the price from 3/8 level (111.71) to 5/8 (113.28) is expected. If it reaches 5/8 level, it can move higher towards 8/8 (115.62).

USD/JPY, Timeframe H4

The H1 chart shows that if the price manages to hold above 3/8 level (112.10), it can develop an ascending trend and move towards the 1st target at 113.28.

USD/JPY, Timeframe H1

A breakout of the upper line of VoltyChannel indicator on the M15 chart can trigger an uptrend.

USD/JPY, Timeframe M15

USD/CAD

The USD/CAD pair on the H4 chart holds within a buying area near -1/8 level. If the 0/8 level (1.2695) is broken, this will clear the way for another rising impulse towards 3/8 level (1.3061).

USD/CAD, Timeframe H4

The H1 chart shows that the price holds at the support level -1/8 (1.2634). If the price holds above 1.2634, it can rise higher towards 0/8 level (1.2695) and then can break this level to move even higher to reach 1.3061.

USD/CAD, Timeframe H1

Looking at the M15 chart we expect a breakout of VoltyChanel line. If this happens, the price can move higher towards 1.3061.

USD/CAD, Timeframe M15

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.