MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Divergences Analysis of USD / JPY July 14

4h

jpy4h.png

The correction of the pair halted at the level of 76.4% - 113.06 allowed the reversal to be in favor of the U. S. dollar and the uptrend began towards the 100.0% correction level at 114.36. There is no sign of divergence today. The pullback of the USD/JPY pair with the Fibonacci level of 76.4% was in favor of the Japanese currency and the continuation of the decline headed towards 112.25 with the correction of 61.8%. This ends the quotation from 100.0% Fibonacci level that works in favor of the beginning of a decline.

Daily

jpydaily.png

On the 24-hour chart, the quotation was in favor of the Japanese yen from the correction level of 23.6% at 114.07. Consequently, the price fell towards 111.17 with 38.2% Fibonacci level. Emerging divergence is not observed in any of the indicator. Fixing the pair above the 23.6% retracement level at 118.66 level will be in favor of the U.S. dollar and will proceed towards the Fibonacci level of 0.0% at 118.66. Similarly, a retracement of the pair from the correctional level of 38.2% could lead to a slight increase.

The material has been provided by InstaForex Company - www.instaforex.com