Murrey Math Lines 06.11.2019 (USDJPY, USDCAD)

2019-11-08 21:02    RoboForex

USDJPY, “US Dollar vs. Japanese Yen”

In the H4 chart, USDJPY is trading above 7/8. In this case, the price is expected to continue growing to reach the “overbought area” and the resistance at +1/8. However, this scenario may no longer be valid if the price breaks 7/8 to the downside. After that, the instrument may start a new decline towards the support at 5/8.

Murrey Math Lines 06.11.2019 (USDJPY, USDCAD) Institution Opinions 1
Murrey Math Lines 06.11.2019 (USDJPY, USDCAD) Institution Opinions 2

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 trading upwards.

Murrey Math Lines 06.11.2019 (USDJPY, USDCAD) Institution Opinions 3
Murrey Math Lines 06.11.2019 (USDJPY, USDCAD) Institution Opinions 4

USDCAD, “US Dollar vs Canadian Dollar”

In the H4 chart, USDCAD is consolidating. In this case, the pair is expected to break 4/8 and then continue growing to reach the resistance at 5/8. However, this scenario may no longer be valid if the price breaks the support at 3/8. After that, the instrument may continue falling towards 2/8.


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

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_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.