Technical Analysis by RoboForex

[RoboForex]

Ichimoku Cloud Analysis 04.07.2018 (AUDUSD, NZDUSD, USDCAD)
04.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7405; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.7390 and then continue moving upwards to reach 0.7505. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7350. In this case, the pair may continue falling towards 0.7300. After breaking the upside border of the channel and fixing above 0.7420, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6766; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6775 and then continue moving downwards to reach 0.6605. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6850. In this case, the pair may continue growing towards 0.6950.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3132; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3190 and then continue moving downwards to reach 1.3005. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3270. In this case, the pair may continue growing towards 1.3450.

 

[RoboForex]

Murrey Math Lines 04.07.2018 (USDJPY, USDCAD)
04.07.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY has rebounded from the resistance at the 8/8 level and may resume falling to reach the support at the 5/8 one.

In the H1 chart, the pair may break the 5/8 level and then continue trading towards the 3/8 one.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to resume falling towards the downside border.

In the H1 chart, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.

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[RoboForex]

Forex Technical Analysis & Forecast 04.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
04.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1645. Possibly, the pair may form another descending structure to reach 1.1698 (an alternative scenario). According to the main scenario, the price is expected to trade downwards to break 1.1575 and then continue falling to reach 1.1464.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating around 1.3168. Possibly, today the pair may grow to reach 1.3225. Later, the market may fall to break 1.3090 and then continue trading to the downside with the target at 1.2990.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9930. Today, the price may fall to reach 0.9898. After that, the instrument may grow to break 0.9990 and then continue trading to the upside with the target at 1.0080.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the first descending impulse. Possibly, today the pair may grow to reach 110.73and then resume falling with the target at 109.60.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the first ascending structure at 0.7420. Today, the price may be corrected towards 0.7360, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the market may continue trading upwards to reach 0.7500; if to the downside – resume falling inside the downtrend with the target at 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.

XAUUSD, “Gold vs US Dollar”

Gold has completed the first ascending impulse at 1260.00. Today, the price may start another correction towards 1248.00 and then form a new ascending structure to return to 1260.00 and break it. The short-term target at 1270.00.

BRENT

Brent is moving upwards. Possibly, the pair may reach 80.70 and then fall to return to 78.50. Later, the market may continue trading upwards to reach 82.00.

 

[RoboForex]

Fibonacci Retracements Analysis 05.07.2018 (AUDUSD, USDCAD)
05.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the convergence made AUDUSD reverse and start a new correction upwards, which has already reached the retracement of 23.6%. The next targets may be the retracements of 38.2%, 50.0%, and 161.8% at 0.7450, 0.7493, and 0.7536 respectively. The support level is the low at 0.7310.

In the H1 chart, the pair is trading sideways and may reach the retracement of 38.2%.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is being corrected downwards and has already reached the retracement of 50.0%. The next possible targets are the retracements of 61.8% and 76.0% at 1.3057 and 1.2983 respectively. The resistance level is at 1.3386.

In the H1 chart, the convergence made the pair complete the downtrend and start moving sideways towards the retracements of 23.6%, 38.2%, and 50.0%.

 

[RoboForex]

Ichimoku Cloud Analysis 05.07.2018 (AUDUSD, NZDUSD, USDCAD)
05.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7377; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 0.7365 and then resume moving upwards to reach 0.7505. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7350. In this case, the pair may continue falling towards 0.7300. After breaking the resistance area and fixing above 0.7420, the price may continue moving upwards.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6772; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.6785 and then continue moving downwards to reach 0.6670. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6830. In this case, the pair may continue growing towards 0.6950.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3137; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3170 and then continue moving downwards to reach 1.2975. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3250. In this case, the pair may continue growing towards 1.3350. After breaking the downside border of the Triangle pattern and fixing below 1.3115, the price may continue moving downwards.

 

[RoboForex]

Japanese Candlesticks Analysis 05.07.2018 (EURUSD, USDJPY)
05.07.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, while moving sideways and forming slight pullbacks and Hammer, Engulfing, and Doji reversal patterns, EURUSD has reached the resistance level once again. At the moment, it may be assumed that the above-mentioned patterns indicate that the instrument may break the level and continue its ascending movement.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, after completing another slight correction from the resistance level, USDJPY has formed several Harami, Hammer, and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the correction is over and the instrument may continue trading to the upside.

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[RoboForex]

Murrey Math Lines 05.07.2018 (USDCHF, GOLD)
05.07.2018
USDCHF, “US Dollar vs Swiss Franc”

In the H4 chart, USDCHF is expected to break the 5/8 level and then continue falling to reach the support at the 3/8 one.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

XAUUSD, “Gold vs US Dollar”

In the H4 chart, XAUUSD is expected to test the support at the 0/8 level, rebound from it, and resume growing towards the resistance at the 3/8 one.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

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.

 

[RoboForex]

Forex Technical Analysis & Forecast 05.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
05.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1645 without any particular direction. Possibly, the pair may form another ascending structure to reach 1.1698 (an alternative scenario). According to the main scenario, the price is expected to trade downwards to break 1.1575 and then continue falling to reach 1.1464.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the upside border of the consolidation channel. Possibly, today the pair may fall to break 1.3100 and then continue trading to the downside with the target at 1.3030.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9930. Today, the price may fall to reach 0.9898. After that, the instrument may grow to break 0.9990 and then continue trading to the upside with the target at 1.0080.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is forming another descending impulse. Possibly, today the pair may grow to reach 110.23 and then resume falling with the target at 110.70. Later, the market may start a new ascending wave towards the short-term target at 108.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is being corrected towards 0.7355. Later, the price may trading to the upside with the target at 0.7480.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected towards 1249.00. After that, the instrument may form a new ascending structure to reach 1270.00.

BRENT

Brent is consolidating around 77.70 without any particular direction. Possibly, the pair may grow to reach 80.70 and then fall to return to 78.90. Later, the market may continue trading upwards to reach 82.00.

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[RoboForex]

Japanese Candlesticks Analysis 09.07.2018 (AUDUSD, USDCAD)
09.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD keeps growing and forming several Doji and Engulfing reversal patterns during slight pullbacks. Judging by the previous movements, it may be assumed that the instrument may continue moving upwards despite the above-mentioned reversal patterns.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD has rebounded from the resistance level. Right now, the pair is falling; from time to time, it stops near support levels and forms Hammer and Inverted Hammer reversal patterns, which do not confirm a reverse. At the moment, the price is being corrected once again. Judging by the previous movements, it may be assumed that the instrument may break the support level and then continue falling.

 

[RoboForex]

Ichimoku Cloud Analysis 09.07.2018 (AUDUSD, NZDUSD, USDCAD)
09.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7467; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7435 and then resume moving upwards to reach 0.7500. . Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7350. In this case, the pair may continue falling towards 0.7270.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6847; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6825 and then continue moving upwards to reach 0.6960. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6730. In this case, the pair may continue falling towards 0.6670.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3071; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3115 and then continue moving downwards to reach 1.2965. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3245. In this case, the pair may continue growing towards 1.3350.

 

[RoboForex]

Murrey Math Lines 09.07.2018 (EURUSD, GBPUSD)
09.07.2018
EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD may break the 5/8 level and then continue growing towards the resistance at the 6/8 one.

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 moving upwards.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to continue growing towards the resistance at the 8/8 level.

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

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 moving to the upside.

 

[RoboForex]

Forex Technical Analysis & Forecast 09.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
09.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.1675 upwards and may continue the correction to reach 1.1818. After that, the instrument may form a new ascending structure towards 1.1855.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.3220 upwards and may continue the correction with the short-term target at 1.3333. Later, the market may trade to the downside to reach 1.3212 and then form a new ascending structure towards 1.3375.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still being corrected. Possibly, today the pair may fall with the short-term target at 0.9872. After that, the instrument may grow towards 0.9918 and then continue trading to the downside to reach 0.9850.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is falling towards 110.23. Later, the market may form another ascending structure with the target at 110.70 and then continue trading downwards to reach 109.58.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7414 upwards and may continue the correction with the short-term target at 0.7470. After that, the instrument may fall to return to 0.7414 and then resume trading to the upside to reach 0.7520.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the top. According to the main scenario, the instrument may be corrected downwards to reach 1249.00 and then form a new ascending structure with the short-term target at 1267.00. Later, the market may fall towards 1258.00 and then resume growing to reach 1279.00.

BRENT

Brent is consolidating above 77.70. Today, the price may fall to reach 76.90 and then continue trading upwards with the short-term target at 80.80.

 

[RoboForex]

Japanese Candlesticks Analysis 10.07.2018 (EURUSD, USDJPY)
10.07.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming slight pullbacks at the same time. After breaking the resistance level, the pair has started another correction with Shooting Star and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete another pullback and then continue its ascending movement despite the above-mentioned reversal patterns.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is once again being corrected from the resistance level and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movement, it may be assumed that the instrument may finish this pullback soon and then continue trading to the upside.

 

[RoboForex]

Ichimoku Cloud Analysis 10.07.2018 (AUDUSD, NZDUSD, USDCAD)
10.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7459; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7435 and then resume moving upwards to reach 0.7550. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7355. In this case, the pair may continue falling towards 0.7270.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6838; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.6810 and then continue moving upwards to reach 0.6920. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6735. In this case, the pair may continue falling towards 0.6670.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3128; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3155 and then continue moving downwards to reach 1.2975. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3245. In this case, the pair may continue growing towards 1.3350.

 

[RoboForex]

Murrey Math Lines 10.07.2018 (AUDUSD, NZDUSD)
10.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 one.

As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. Later, the price may test the 6/8 level, rebound from it, and then resume trading downwards to reach the 3/8 one.

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD is consolidating. In this case, the instrument may continue growing towards the 5/8level.

In the H1 chart, the pair may break the 8/8 level and then continue trading to reach the support at the 5/8 one.

 

[RoboForex]

Forex Technical Analysis & Forecast 10.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
10.07.2018
EURUSD, “Euro vs US Dollar”

EURUSD has reached the short-term upside target; it has formed another consolidation range and right now is trading downwards. Possibly, the pair may reach 1.1675 and then form a new ascending structure to continue the correction towards 1.1818 (an alternative scenario). According to the main scenario, the instrument may continue trading to the downside with the target at 1.1425.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the short-term upside target and right now is falling. Possibly, the pair may reach 1.3178 and then form another ascending structure towards 1.3375 to continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading downwards with the target at 1.3000.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the short-term downside target and returned to 0.9918. Possibly, today the pair may continue this structure towards 0.9944 and then form a new descending wave to reach 0.9850 and continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading to the upside with the target at 1.0100.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the target of the ascending structure and right now is trading to expand it twice. Today, the price may reach 111.22 and then resume falling inside the downtrend. The first target is at 109.34.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the short-term upside target and right now is consolidating. Possibly, today the pair may fall towards 0.7412 and then form another ascending structure to reach 0.7511 and continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading to the downside with the target at 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the price may break 62.53. The target is at 62.05. Later, the market may continue trading to the downside with the short-term target at 60.60.

XAUUSD, “Gold vs US Dollar”

Gold has reached a new high and right now is falling. Possibly, the pair may be corrected with the target at 1249.00. After that, the instrument may form a new ascending structure with the short-term target at 1270.00.

BRENT

Brent is moving upwards. Today, the price may reach 79.50 and start another correctional structure towards 78.45. Later, the market may continue trading upwards with the short-term target at 80.50. The main target is at 82.00.

 

[RoboForex]

Japanese Candlesticks Analysis 10.07.2018 (EURUSD, USDJPY)
10.07.2018
EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD continues growing and forming slight pullbacks at the same time. After breaking the resistance level, the pair has started another correction with Shooting Star and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete another pullback and then continue its ascending movement despite the above-mentioned reversal patterns.

USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is once again being corrected from the resistance level and forming Hanging Man and Shooting Star reversal patterns. Judging by the previous movement, it may be assumed that the instrument may finish this pullback soon and then continue trading to the upside.

 

[RoboForex]

Japanese Candlesticks Analysis 11.07.2018 (GOLD, NZDUSD)
11.07.2018
XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, after rebounding from the support level, XAUUSD has formed several Hammer, Doji, and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the price is starting a new ascending tendency.

NZDUSD, “New Zealand vs. US Dollar”

As we can see in the H4 chart, NZDUSD has started a new ascending tendency. Right now, the pair is being corrected and forming Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the instrument may be corrected for a while and then resume the uptrend.

 

[RoboForex]

Ichimoku Cloud Analysis 11.07.2018 (AUDUSD, NZDUSD, USDCAD)
11.07.2018
AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading at 0.7407; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.7400 and then resume moving upwards to reach 0.7535. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7360. In this case, the pair may continue falling towards 0.7270.

NZDUSD, “New Zealand Dollar vs US Dollar”

NZDUSD is trading at 0.6813; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. The markets could indicate that the price may test the upside border of the cloud at 0.6810 and then continue moving upwards to reach 0.6915. Another signal to confirm further ascending movement is the price’s rebounding from the support level. However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6735. In this case, the pair may continue falling towards 0.6670.

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is trading at 1.3130; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 1.3145 and then continue moving downwards to reach 1.3005. Another signal to confirm further descending movement is the price’s rebounding from the channel’s upside border. However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 1.3235. In this case, the pair may continue growing towards 1.3350.

 

[RoboForex]

Murrey Math Lines 11.07.2018 (USDJPY, USDCAD)
11.07.2018
USDJPY, “US Dollar vs. Japanese Yen”

As we can see in the H4 chart, USDJPY is trading inside the “overbought zone”. If the price breaks the 8/8 level, it may resume falling to reach the 6/8 one.

In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. Later, the price may break the 3/8 level and then continue trading downwards to reach the support at the 0/8 one.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

USDCAD, “US Dollar vs Canadian Dollar”

As we can see in the H4 chart, USDCAD is consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to test the 4/8 level, rebound from it, and then resume falling towards the support at the 3/8 one.

In the H1 chart, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.