Article By RoboForex.com
USDJPY, “US Dollar vs. Japanese Yen”
In the H4 chart, after breaking the 200-day Moving Average, USDJPY is trading below it, thus indicating a descending tendency. In this case, the price is expected to test 2/8, break it, and continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 5/8.
As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, that’s why the pair may resume trading downwards only after breaking 2/8 in the H4 chart.
Free Reports:
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
USDCAD, “US Dollar vs Canadian Dollar”
As we can see in the H4 chart, USDCAD is trading within the “overbought area”. In this case, the price is expected to test the support at 8/8, break it, and then continue falling towards 7/8. Still, this scenario may no longer be valid if the price breaks the resistance at +1/8 to the upside. After that, the instrument may grow to reach +2/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.
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.
- Investors run to safe-haven assets amid Middle East escalation Mar 6, 2026
- EUR/USD Under Pressure: Middle East Risks Outweigh All Else Mar 6, 2026
- Bitcoin shows resilience to Middle East events. Oil market stabilizes Mar 5, 2026
- GBP/USD: Market Not Expecting BoE Rate Cut in March Mar 5, 2026
- Brent headed for $100? Mar 4, 2026
- Global stock indices continue sell-off due to Middle East conflict Mar 4, 2026
- USD/JPY to Quickly Return to Growth: Momentum Favours the US Dollar Mar 4, 2026
- European equities plunge amid Persian Gulf military conflict Mar 3, 2026
- Gold Rallies for Fifth Day, With External Risks Mounting Mar 3, 2026
- Iran Crisis: A Dangerous Turning Point Mar 2, 2026
