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Hello Traders,
as you can see in the following screenshot there was a bullish MACD Divergence on EURAUD H4:
http://www.perfecttrendsystem.com/im..._h4_EURAUD.gif
At such H4 divergences we enter into a double bottom at the lowest low of the downward move:
http://www.perfecttrendsystem.com/im.../H4Div_DB1.png
Or a double bottom near the lowest low of the downward move:
http://www.perfecttrendsystem.com/im.../H4Div_DB2.png
The following instruments are in a bullish H4 divergence: BRENT EURAUD
The following instruments are in a bearish H4 divergence: AUDUSD USDJPY
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
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Hello Traders,
the following instrument is in a bearish MACD Divergence on USDJPY H4:
http://www.perfecttrendsystem.com/im..._h4_USDJPY.gif
At such H4 divergences we enter into a double top at the highest high of the upward move:
http://www.perfecttrendsystem.com/im.../H4Div_DT1.png
Or a double top near the highest high of the upward move:
http://www.perfecttrendsystem.com/im.../H4Div_DT2.png
The following instruments are in a bullish H4 divergence: EURAUD BRENT
The following instruments are in a bearish H4 divergence: USDJPY
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
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Forex today opened to quiet markets, with a thin calendar in the offering for Monday and holiday markets waiting ahead in the upcoming US session. The Aussie and the Kiwi both kicked higher to start the week, but flagged back into near-term lows as over-eager trades stepped back from the fold, while the Japanese Yen took a break in early Monday action, retreating modestly to allow the broader market reclaim recently-lost ground.
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EUR/USD: Focus on Italy-German yield spread ahead of Italy budget deadline
It's a Thanksgiving long weekend for the US, and Canadian markets are also out for Monday in observance of Remembrance Day, leaving the brunt of market action to the upcoming European and London market sessions. In the EU, focus remains on Italian budget loggerheads,
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and as the German-Italian bond yield spread continues to widen, the Fiber is looking down the barrel of breaking down below the critical 1.1300 handle for the first time in over a year.
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GBP/USD: Brexit anxiety boosts demand for GBP puts (bearish bets)
Across the Channel, Brexit woes continue to plague the Cable, and despite managing to close a bearish gap to kick off the week, the GBP/USD is primed for a continuation of last week's declines, losing the 1.2900 key technical level heading into Monday's action.
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AUD/USD: Australian dollar could continue down to 0.71980; critical resistance at 0.72365
* GBP/USD: GBP/USD: Pound fell below its 500 EMA in Friday's session; critical resistance at 1.29900
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EUR/USD: EUR/USD: Critical support at 1.13165
* USD/JPY: US dollar pulled back in Friday's session to 113.710
* USD/CAD: USD/CAD: US dollar pulled back in Friday's session to 1.32025 support
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U.K. Exports QoQ -(2.7%)
*** U.K. Gross Domestic Product (GDP) YoY - (1.5% vs 1.5% forecast)
*** U.K. Gross Domestic Product (GDP) MoM - (0.0% vs 0.1% forecast)
*** U.K. Gross Domestic Product (GDP) QoQ - (0.6% vs 0.6% forecast)
** U.K. Industrial Production MoM - (0.0% vs -0.1% forecast)
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U.K. Manufacturing Production MoM (Sep) Up - (0.2% vs 0.1% forecast)
*** U.K. Monthly Gross Domestic Product (GDP) 3M/3M Change - (0.6% vs 0.6% forecast)
** U.K. Trade Balance (Sep) - Down (-9.7B vs 11.40B forecast)
** U.K. Trade Balance Non-EU (Sep) Down (-2.34B vs -3.90B)
*** U.S. Producer Price Index (PPI) MoM (Oct) - 0.6% vs 0.2% forecast