USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI is testing the support line. In this situation, the price is expected to surpass the 6/8 (156.25) level and rise to the resistance at 7/8 (159.37). A breakout below the 5/8 (153.12) support level could cancel this scenario, leading to a potential decline to 4/8 (150.00).

USDJPY

On M15, the price rise might be additionally supported by a breakout of the VoltyChannel upper line.

USDJPY

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has rebounded from the support line. In this situation, the price is expected to rise further to the nearest resistance at +1/8 (1.3793). A breakout below the 7/8 (1.3549) level could cancel this scenario, leading to a potential decline to the 6/8 (1.3427) support level.

USDCAD

On M15, the upper line of the VoltyChannel is broken, which increases the probability of price growth.

USDCAD

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

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