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    • Murrey Math Lines 25.03.2020 (USDJPY, USDCAD) FROM RFXSIGNALS 25.03.2020 USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is trading above 5/8. In this case, the price is expected to continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 6/8 to the downside. After that, the instrument may continue trading downwards to reach the support at 5/8. In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 8/8 from the H4 chart. USDCAD, “US Dollar vs Canadian Dollar” In the H4 chart, the pair is moving not far from 3/8. In this case, USDCAD may break this level and then continue falling towards the support at 2/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may trade upwards to reach the resistance at 5/8. 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 trading downwards.
    • Japanese Candlesticks Analysis 25.03.2020 (USDCAD, AUDUSD, USDCHF) FROM RFXSIGNALS 25.03.2020 USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after updating its highs, USDCAD is still correcting; it has formed a Harami reversal pattern and right now is trying to reverse. In this case, the downside target is at 1.4290. The current situation implies that after testing the channel’s downside border the instrument may form a reversal pattern and then resume growing with the target at 1.4780. AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, the pair continues the correction within the descending tendency. After completing a Hammer reversal pattern near the support level, AUDUSD is still reversing and testing the resistance level. Later, the price may complete the correction at 0.6077 and then resume trading upwards to reach 0.6270. Still, the instrument may choose a different scenario and continue falling towards 0.5752 or even 0.5520. USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, the pair is still forming a new ascending channel; by now, USDCHF has formed a Harami reversal pattern near the support level. The current situation suggests that the pair may reverse and then start a new growth with the target at 0.9950. However, one shouldn’t ignore another scenario, according to which the instrument may fall and return to 0.9739.
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