Hello Traders,
the following instrument is in a bearish MACD Divergence on USDJPY H4:
At such H4 divergence setups we wait for a double top at the highest high of the upward move:
Or a double top near the highest high of the upward move:
The following instruments are in a bearish H4 divergence: USDCHF USDJPY CADCHF
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Hello Traders,
in the following screenshot you can see a bearish MACD Divergence on CADCHF H4:
At such H4 divergence setups we wait for a double top at the highest high of the upward move:
Or a double top near the highest high of the upward move:
The following instruments are in a bearish H4 divergence: USDCHF USDJPY CADCHF
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The dollar hit an 11-month high against the yen and stood tall against other its peers on Thursday, boosted by a spike in Treasury yields following upbeat U.S. data and comments from Federal Reserve Chairman Jerome Powell that were seen as hawkish.
The dollar stretched an overnight rally to touch 114.55 yen, its highest since early November 2017. It last stood at 114.345. A rise above 114.735 yen would take the U.S. currency to its highest level since mid-March 2017.
Adding to the bullish mood, Powell said on Wednesday that the central bank may raise interest rates above an estimated "neutral" setting as the "remarkably positive" U.S. economy continues to grow.
The dollar also was boosted after the Institute for Supply Management's (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997.
The ADP National Employment Report also showed private payrolls jumped by 230,000 jobs in September, the largest gain since February.
"The dollar stands to outperform together with the rise in long-term Treasury yields ahead of Friday's non-farm jobs report, possibly reaching the 115.00 yen handle," said Masafumi Yamamoto, chief forex strategist at Mizuho Securities.
"The Trump administration could turn its attention to the dollar and check its rally. But any slowdown by the dollar is likely to be temporary, as the Trump administration has in effect allowed the currency to strengthen under its economic policies."
President Donald Trump has on several occasions expressed displeasure at the dollar's strength.
The dollar index against a basket of six major currencies was up 0.35 percent at 96.086 and was close to a six-week peak of 96.116 scaled overnight.
U.S. Treasury yields jumped to multi-year peaks on Wednesday, with the 10-year yield reaching a seven-year high after Wednesday's robust data bolstered the case for the Fed to raise interest rates again in December and beyond. [US/]
"The Fed stands poised to keep hiking rates in the near term and sentiment towards the dollar has shifted significantly," said Mitsuo Imaizumi, chief FX strategist at Daiwa Securities.
"Currency bears dependent on a dollar-selling strategy have been repeatedly forced to buy back the dollar at ever higher levels over the past months."
The euro was 0.05 percent lower at $1.1469 after slipping about 0.6 percent on Wednesday.
Before caving in to the dollar's broad surge, the single currency had climbed to $1.1594 earlier on Wednesday on reports that Italy plans to reduce its budget deficit over the next three years.
The pound was steady at $1.2933 following a dip overnight to a 3-1/2-week low of $1.2925.
The Australian dollar extended overnight losses, slipping to a three-week trough of $0.7091.
RELATED SECURITIES
Symbol
Price
Change
%Change
GBP/USD 1.297
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The dollar hit an 11-month high against the yen and stood tall against other its peers on Thursday, boosted by a spike in Treasury yields following upbeat U.S. data and comments from Federal Reserve Chairman Jerome Powell that were seen as hawkish.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hello Traders,
the following screenshot shows a bearish MACD Divergence on USDJPY H4:
A high probability trade within these H4 divergergences is a: double top at the highest high of the upward move:
Or a double top near the highest high of the upward move:
The following instruments are in a bearish H4 divergence: USDJPY CADCHF
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hello Traders,
recently was a double top signal on AUDJPY M30 within a bearish MACD Divergence. This signal gave a nice winning trade.
The following screenshot shows the divergence on H4:
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hello Traders,
the following screenshot shows a bearish MACD Divergence on BRENT H4:
At such H4 divergences we enter into a double top at the highest high of the upward move:
Or a double top near the highest high of the upward move:
The following instruments are in a bearish H4 divergence: BRENT AUDJPY
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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Hello Traders,
the following instrument is in a bearish MACD Divergence on CADJPY H4:
When we see such a divergence on H4 then we hope to see a double top at the highest high of the upward move:
Or a double top near the highest high of the upward move:
The following instruments are in a bearish H4 divergence: CADJPY
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hello Traders,
as you can see in the following screenshot there was a bearish MACD Divergence on CADJPY H4:
When we see such a divergence on H4 then we hope to see a double top at the highest high of the upward move:
Or a double top near the highest high of the upward move:
The following instruments are in a bullish H4 divergence: USDCAD
The following instruments are in a bearish H4 divergence: CADJPY
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Hello Traders,
the following instrument is in a bullish MACD Divergence on USDCAD H4:
At such H4 divergences we enter into a double bottom at the lowest low of the downward move:
Or a double bottom near the lowest low of the downward move:
The following instruments are in a bullish H4 divergence: USDCAD
The following instruments are in a bearish H4 divergence: CADJPY
Free Double Top/Bottom Indicator
FREE Signals + Telegram Group
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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