By RoboForex.com
USDJPY, “US Dollar vs Japanese Yen”
On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend. However, the RSI is nearing the overbought area. As a result, in these circumstances a test of 7/8 (142.18) is expected, followed by a rebound from this level and a decline to the support at 5/8 (139.06). The scenario can be cancelled by rising above the resistance at 7/8 (142.18). In this case, the pair might continue growing, and the quotes might reach 8/8 (143.75).
On M15, an additional signal confirming the decline after a rebound from 7/8 (142.18), might be a breakout of the lower border of the VoltyChannel.
USDCAD, “US Dollar vs Canadian Dollar”
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
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.
On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI is testing the resistance line. In this situation, a downward breakout of 2/8 (1.3305) is expected, followed by a decline to the support at 0/8 (1.3183). The scenario can be cancelled by rising above the resistance at 3/8 (1.3366). In this case, the pair could correct to 4/8 (1.3427).
On M15, a breakout of the lower line of the VoltyChannel might increase the probability of a decline.
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
