Monday, April 20, 2009

Forex - Japanese Yen Divergence



The Japanese Yen has made a 3 week high today and is currently testing its downtrend line. In the lower pane is the MACD and it is showing a bullish divergence. It is quite possible that we may see the Yen rally in the days to come especially if we can get 2 closes above the trendline.

1 comment:

Anonymous said...

ah looks like a descending wedge

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