Murrey Level Analysis for USDJPY and USDCAD: 20/03/2019
USDJPY
On H4, the USDCAD is trading above the consolidation range and is likely to continue rising to reach the resistance at 8/8.
On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.
USDCAD
On H4, the USDCAD is trading below the consolidation range. The 3/8 is going to get tested, after which the price is likely to bounce and fall to the support at 0/8.
On H1, the pair is trading within a consolidation range. Now, once 4/8 gets broken out, the price may fall further to reach the support at 0/8.
In case VoltyChannel bottom line is broken out on M15, the price will be more likely to go further down.
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.