USDJPY, “US Dollar vs Japanese Yen”
On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the ascending trendline downwards. As a result, we should expect a test of 2/8 (140.62), a breakaway, and falling to the support level of 1/8 (139.06). The scenario can be cancelled by rising over the resistance level of 3/8 (142.18). In this case, the pair may rise to 4/8 (143.75).
On M15, a breakaway of the lower line of VoltyChannel will increase the probability of a decline.
Free Reports:
USDCAD, “US Dollar vs Canadian Dollar”
The situation with the USDCAD pair is similar. On H4, the quotes are under the 200-day Moving Average, and the RSI has broken through the ascending trendline. A breakaway of 1/8 (1.3305) is expected, followed by falling to 0/8 (1.3183). The scenario can be cancelled by rising over the resistance level of 2/8 (1.3427). In this case, the pair may reach 3/8 (1.3549).
On M15, the lower line of VoltyChannel is broken away. This indicates a downtrend and a high probability of further 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.
By Laura Russo, University of Tennessee A surprisingly large number and diversity of bee species…
By JustMarkets The US stock indices ended Tuesday with confident gains, fully driven by a…
By Analytical Department RoboForex Gold traded around 4,080 USD per ounce on Wednesday, having risen…
By JustMarkets The US stock indices started the week on a downbeat note. By the…
By Analytical Department RoboForex GBP/USD fell to 1.3437 on Tuesday as investors assessed the appointment…
By JustMarkets The US stock indices ended Friday’s session in the red. By the end…
This website uses cookies.