Divergences Analysis USD / JPY at 20 November

Written by Tim T.

After fixing the prices of the Fibonacci correctional level of 38.2% - 81.08 pair may continue to grow.

Daily

After fixing the prices of the Fibonacci correctional level of 38.2% - 81.08 pair may continue to grow. Fastening under correctional 38.2% Fib level will count for a turn in favor of quotes yen and depreciation towards 50.0% Fibonacci level - 80.09. And while the pair may continue to grow in the direction of the course of the next level Fib 23.6% - 82.24. Is brewing in the MACD divergence was not confirmed and did not form, other emerging divergence is observed. All indicators except Stochastic, can count on the continued growth of quotations.

4h

On the 4-hour chart quotes foothold on correctional level 200.0% Fib - 81.00. Also formed a bearish divergence from the CCI and Stochastic, which allowed the course to check in to a level of 200.0% correction. Should establish the bullish divergence at the same indicators, which now can count on the rebound from this level of prices and the resumption of growth. As a result, the growth rate may continue in the direction of the next level of correction 261.8% - 82.10. Fixing prices below the level of 200.0% would expect a reversal of course in favor of the yen and fall to the level of Fibonacci 161.8% - 80.31.

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