Article By RoboForex.com
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after rebounding from the resistance at 8/8, USDJPY is expected to start a new correction to the downside and reach 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may reverse and move upwards to reach the resistance at +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:
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”
In the H4 chart, USDCAD is no longer moving within the “oversold area”. In this case, the price is expected to continue growing towards the closest resistance at 1/8. Still, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may reverse and fall to reach the support at -1/8.
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.
- NZD and CAD strengthen amid rising inflationary pressure Apr 21, 2026
- Pound Declines Amid Geopolitics and Political Risks Apr 21, 2026
- EUR/USD Starts the Week Higher, but the Outlook Remains Unstable Apr 20, 2026
- The situation in the Strait of Hormuz remains uncertain Apr 20, 2026
- The CHF exchange rate has reached a 15‑year high – the SNB signaled readiness for active currency interventions Apr 17, 2026
- USD/JPY in Positive Territory: Yen Erases All Weekly Gains Apr 17, 2026
- A strong labor market supports the Australian dollar. China’s economy continues to show resilience Apr 16, 2026
- EUR/USD Rallies as Gains Extend to Nine Consecutive Sessions Apr 16, 2026
- The IMF has lowered its global economic growth expectations. The Chinese yuan continues to strengthen Apr 15, 2026
- Gold in Positive Territory: External Backdrop Remains Supportive Apr 15, 2026
