Home Featured Murrey Math Lines 23.11.2022 (USDJPY, USDCAD)

Murrey Math Lines 23.11.2022 (USDJPY, USDCAD)

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Murrey Math Lines 23.11.2022 (USDJPY, USDCAD)


By RoboForex.com

USDJPY, “US Dollar vs Japanese Yen”

The H4 quotes are below the 200-day Moving Average. This indicates that there is a downtrend. The ascending trendline downwards was broken by the RSI. This means that we can expect a test. 2/8 (140.62), a breakaway and falling to support level 1/8 (139.06). This scenario can be canceled by increasing the resistance level to 3/8 (142.18). In this scenario, the pair might rise to 4/8 (143.75).


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

The probability of a decrease in M15 will be increased by a breakaway at the lower VoltyChannel Line.

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”

The USDCAD pair has a similar situation. The H4 quotes are below the 200-day Moving Average and the RSI has breached the ascending trendline. A breakaway of 1/8 Expected fall to (1.3305) 0/8 (1.3183). This scenario can be canceled by increasing the resistance level 2/8 (1.3427). This case, the pair could reach 3/8 (1.3549).

USDCAD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

The lower VoltyChannel Line is now broken away on M15. This is a sign of a downward trend and high likelihood of falling further.

USDCAD_M15

Article by RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and…



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