20.09.201911:08 Forex Analysis & Reviews: Technical Analysis of USD/JPY for September 20, 2019

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

When examining the "Big Picture" of USD/JPY on the daily chart, it can be clearly seen that the pair has recently bounced off the support level of well-established trading range that goes back to March of 2017, with the support level that goes back to March of 2018. The daily chart also shows volume spikes that happens each time whenever the price approaches the upper and lower range boundaries, including the latest recent test of the support level last August 26.

Figure #1: USD/JPY Daily Chart

The shaded areas highlighted on the chart above show price dips as indicated by price action. When the moving averages of the MACD indicator dip below a threshold of -.051, which is derived from the low of the smallest dip. The return of the moving averages to a positive slope, and crossing back above -.51, is typically followed by a rise in price. These are favorable setups for long trades. The MACD moving averages has just recently crossed above the -.51 MACD threshold following a significant dip. If the pattern continues, a setup for a long trade exists.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.