Trading news

EUR/JPY Regular Bearish Divergence on Intraday Timeframe



The EUR/JPY is showing a regular bearish divergence on intraday timeframe. Traders should watch for any H1 momentum or 1h close below the trend line that might be an early cue that the price might drop towards 120.67 and 120.16. 120.16 is a nice confluence of L4, EMA89 and Bullish Order Block where bounce might be expected. However, if we see a 4h close above H3 - 121.70, the price should continue upside towards 122.20 where H4 is located.

Thursday, 01 Dec, 2016 / 2:58

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.admiralmarkets.com/analytics/technical-analysis/

Trading news

 

AUD jumped after job data

AUD approaches the strong resistance at 0.7185. What may happen [...]

Posted on Thursday, 13 Aug, 2020 / 2:04 under

AUD/JPY: Is it going to produce a Morning Star?

AUD/JPY produced two consecutive bullish candles in the daily chart. The H4 [...]

Posted on Thursday, 13 Aug, 2020 / 11:58 under

GBP/USD Breaking out of Symmetric Triangle Pattern - Trade Idea!  

The GBP/USD pair was closed at 1.30311 after placing a high of 1.30674 and a [...]

Posted on Thursday, 13 Aug, 2020 / 11:45 under