By
Ashraf Laidi |
Technical Analysis | Apr 09, 2010 07:56AM GMT |
Technical oscillators supporting the bearish trend for the currency pair
USD/JPY-market strategy can be a sell form the level 94.02
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line. Buying from 93.23 on a break.
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