Article By RoboForex.com
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, USDJPY is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 6/8, break it, and then continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks the support at 5/8 to the downside. After that, the instrument may continue falling towards 3/8.
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 its growth.
Free Reports:
USDCAD, “US Dollar vs Canadian Dollar”
In the H4 chart, USDCAD is consolidating between 3/8 and 5/8. In this case, the price is expected to break 4/8 and continue growing towards the resistance at 5/8. Still, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may reverse and trade downwards to reach the support at 2/8.
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 Friday, US stock indices fell sharply amid growing investor concerns about the…
By Analytical Department RoboForex USD/JPY climbed to 158.93 on Monday, marking the yen's sixth consecutive…
By JustMarkets On Thursday, the US stock market closed higher. By the end of the…
By Analytical Department RoboForex Gold continued its decline on Friday, falling to 4,619 USD per…
By Ji Y. Son, California State University, Los Angeles and Alice Xu, University of California,…
By JustMarkets On Wednesday, the US stock indices mostly rose, with the S&P 500 and…
This website uses cookies.