Divergences Analysis USD / JPY at 23 November

Written by Tim T.

Price growth has allowed the pair to gain a foothold on the Fibonacci correctional level of 23.6% - 82.25.


 Fastening under correctional 23.6% Fib level will count for a turn in favor of quotes yen and depreciation towards Fibo 38.2% level. But now may continue to grow in the direction of the next level of correction - 0.0% - 84.16. 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, and Stochastic admits fixing prices below the 23.6% correction and the beginning of a drop in prices.


On the 4-hour chart quotes foothold on correctional level 261.8% Fib - 82.10. As a result, the growth rate may continue in the direction of the next level of correction 323.6% - 83.14. Fixing prices above 323.6% will rely on continued growth rate to the U.S. dollar towards the 423.6% Fibonacci level - 84.80. Retreat from the 261.8% Fib level will perform a turn in favor of the U.S. dollar and started to grow again in the direction of correction level 323.6%. Divergence is brewing in the CCI and Stochastic: current low these indicators than previous, but the corresponding low rate is much higher than that in the end can be formed bullish divergence and the couple can make a turn to the U.S. dollar. This point may coincide with the release from correctional 261.8% Fib level.

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