empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

21.11.201905:58 Forex Analysis & Reviews: Forecast for USD/JPY on November 21, 2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/JPY

THe dollar continues to fall against the yen. But it would be more accurate to say that this is amplified due to political tension in Hong Kong and the increased risk of failure of US-Chinese trade negotiations. On the daily chart, the price has consolidated below the red line of the price channel, the Marlin oscillator continues to decline in the negative zone. The immediate goal of the movement will be the MACD line at 107.96. Probably, the support will be overcome and the price will go further down. The subsequent goal of 107.52 is to support the green price channel.

Exchange Rates 21.11.2019 analysis

On a four-hour chart, the price is kept from rising by the MACD blue line. The indicator line of balance is also actively involved in this. The Marlin oscillator in the decreasing trend zone. We are waiting for the price at the indicated level of 107.96.

Exchange Rates 21.11.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off