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EUR/JPY MACD fails to challenge recent highs

By : Mex Group

EUR/JPY MACD fails to challenge recent highs

15 September 2016, 21:01

EUR/JPY could be facing downside pressure as its MACD failed to test recent highs.

A bearish divergence between EUR/JPY spot behavior and the MACD over the last few weeks suggests downside vulnerability ahead. Further, the MACD line crossed below its signal line on a 4-hour closing basis, an event that can be interpreted as a bearish omen.

EUR/JPY 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
114.76532745361 114.83466339111 114.89633178710 115.02733612060 115.09667205810 115.15834045410

Trend IndexOB/OS Index
Bearish Neutral