Zostať 
Podmienky obchodovania
Nástroje
USD / JPY pair
Unfortunately, the USD/JPY pair was not able to maintain the upward potential created by convergence on the four-hour chart. On Tuesday's daily timeframe, the positive price balanced by the release of a white candle over the red indicator line of balance, which then returned to Wednesday declining mood. This morning, the price went deeper under both the balance line and the signal level 107.87. The reason for this movement was the decline in the stock market in the last two days. The yen, which correlates with it as a safe-haven currency, strengthened against the dollar. Marlin's oscillator signal line for daily is already in the zone of negative numbers. A further fall is possible to support the embedded line of the price channel in the area of 106.70.
However, the probability of a reversal upwards remains on the four-hour chart. It may be due to double convergence in the Marlin oscillator. The signal line has a power reserve until it touches the generator line, which approximately has a depth of descent to 107.35 on the price chart. Therefore, the gray rectangular section on the graph is a free-walk zone. In this scenario, Marlin's decline in the negative zone on the daily chart will be interpreted as false. With the price leaving below the wandering zone, the level of 106.70 becomes the main target.
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.
