Murrey Math Lines 09.10.2019 (USDJPY, USDCAD)

2019-10-10 00:04    RoboForex

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading above 5/8. In this case, the price is expected to continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may start a new decline towards the support at 3/8.

Murrey Math Lines 09.10.2019 (USDJPY, USDCAD) Institution Opinions 1
Murrey Math Lines 09.10.2019 (USDJPY, USDCAD) Institution Opinions 2

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

Murrey Math Lines 09.10.2019 (USDJPY, USDCAD) Institution Opinions 3
Murrey Math Lines 09.10.2019 (USDJPY, USDCAD) Institution Opinions 4

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, yesterday USDCAD rebounded from the resistance at 5/8. In this case, the pair is expected to resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may continue growing towards the resistance at 7/8.


Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, prevent the price from falling towards 3/8 from the H4 chart.

USDCAD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

JPYCAD

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.