Bullish MACD divergence. We are also at multi year lows. Oil will bounce from here. I would look to accumulate longs.
Bearish Stochastic and Bearish RSI divergence. Solid NFP numbers and we are at a previous resistance. Short down to 1645 as first TP.
Short squeeze on Oil could a possible. Be cautious with the longs here.
Bearish RSI Divergence here. EURUSD is overbought and AUDUSD is oversold. This is primed for a short.
Apart from the glaringly OBVIOUS head and shoulders pattern forming here, there are many more fundamental reasons to short USDJPY. Japanese economy is bracing for a recession. Coronavirus remains a concern. Chinese GDP set to fall due to the Coronavirus related shutdown for a large part of the country and economy. Good luck!
Pretty clear Head and Shoulders patter playing out here.
I believe we will see a short squeeze which should lead to a fill of the gap down then a move down once more.
Back at previous resistance. Risk off will recommence shortly.
Moving inside the regression channel. RSI Divergence on H4 has occurred as well. Moreover, price is reaching multiple zones of previous support turned resistance. Safe to enter short and hold for some time. Best of luck!
At a previous support level and big RSI divergence. Best R:R is to go long.
1.) MASSIVE Divergence 2.) All bullishness based on speculation 3.) Central bank rates around the world at record lows 4.) Fed Continues to cut What could possibly go wrong, right? This fall will be ugly.
The pair has been consolidating all week into a wedge pattern. The 83.20 region has come back into play as resistance. As we can see with both the RSI and MACD, they have both begun to diverge. This indicates to me that this should break downwards. Best of luck!
Upward momentum losing strength and RSI has diverged.