Article By RoboForex.com
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still moving pretty close to the “overbought area”. In this case, the price is expected to rebound from 8/8 and then resume falling towards the support at 6/8. However, this scenario may no longer be valid if the price breaks the resistance at 8/8 to the upside. After that, the instrument may continue trading upwards to reach +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”
As we can see in the H4 chart, USDCAD is moving inside the “oversold area”. In this case, the price is expected to break 0/8 and then correct to the upside within the downtrend to reach the resistance at 2/8. Still, this scenario may no longer be valid if the price breaks -1/8 to the downside. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator again and, as a result, continue trading upwards to reach 2/8 from the H4 chart.
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 Thursday, US stock indices posted gains after a volatile session. By the…
By Analytical Department RoboForex USD/JPY rose to 159.04 at the end of the week, marking…
By ForexTime EURUSD ↓ 1.1% YTD Germany CPI + US PCE combo = fresh volatility?…
By JustMarkets The Dow Jones Index (US30) rose by 1.31%. The S&P 500 Index (US500)…
By Analytical Department RoboForex GBP/USD was trading at 1.3428 on Thursday, following a period of…
By ForexTime Nvidia shares only ↑18% year-to-date Competition, data centre revenue and fiscal Q2 2027…
This website uses cookies.