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Analysis

Murrey Math Lines 23.11.2022 (USDJPY, USDCAD)

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…

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).

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Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower line of VoltyChannel will increase the probability of a decline.

USDJPY_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

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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).

USDCAD_H4

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is broken away. This indicates a downtrend and a high probability of further falling.

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USDCAD_M15

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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