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USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 5/8 level and continue growing towards the resistance at the 8/8 one.
In the H1 chart, the price may rebound from the 5/8 level and resume trading upwards to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
USDCAD, “US Dollar vs Canadian Dollar”
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In the H4 chart, USDCAD may test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8one.
As we can see in the H1 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. If the price breaks the resistance at the 0/8 level, the instrument may continue growing towards the 5/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
Article By RoboForex.com
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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.