Murrey Math Lines 12.12.2018 (USDJPY, USDCAD)
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is expected to test the 6/8 level, rebound from it, and then resume growing towards the resistance at the 8/8 one.
As we can see in the H1 chart, the price is consolidating. In the future, the instrument may break the 5/8 level and then continue trading upwards to reach the resistance at the 8/8 one.
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 moving upwards.
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is expected to test the 6/8 level, rebound from it, and then resume growing towards the resistance at the +1/8 one.
In the H1 chart, the price may rebound from the 5/8 level and then resume trading upwards to reach the resistance at the +2/8 one.
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.