Article By RoboForex.com
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after rebounding from the resistance at 8/8, USDJPY is expected to start a new correction to the downside and reach 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may reverse and move upwards to reach the resistance at +1/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Free Reports:
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is no longer moving within the “oversold area”. In this case, the price is expected to continue growing towards the closest resistance at 1/8. Still, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may reverse and fall to reach the support at -1/8.
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.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
By JustMarkets On Wednesday, the US stock indices closed mixed as caution persisted in the…
By RoboForex Analytical Department Gold stabilised near 4,000 USD per troy ounce on Thursday but…
By Rachel Mural, Harvard Kennedy School As the race to build data centers across the…
By Alex Krasnok, Florida International University Every bridge has parts that drivers never see: steel…
By Julie Dawson, University of Wisconsin-Madison; Kiki Hubbard, University of Wisconsin-Madison, and Paulina Jenney, University…
By JustMarkets On Tuesday, the US stock indices closed sharply lower due to a large‑scale…
This website uses cookies.