MACD Divergence on USD/JPY? | Forex Factory

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MACD Divergence on USD/JPY?

  • #1
  • First Post: Nov 3, 2008 8:06am Nov 3, 2008 8:06am
Can anyone tell me if I'm correct when I say there is MACD divergence on the USD/JPY pair? The MACD high from last Thursday at 3am is higher than the MACD high from this morning even though price hit higher highs. Is this not a good indication that price will drop (change direction)?
If I'm right, I hope I helped someone with a trade and if I'm wrong...Well don't jump into anything until you see confirmation :o)
  • #2
  • Mar 18, 2013 4:17am Mar 18, 2013 4:17am
Not only is there MACD Divergence, there was Double tops with the second one not as high on the hourly, from SUN night it had gone from 95.23 to 94 but I'am aiming at 93 for end of this week.
  • #3
  • Mar 18, 2013 6:06am Mar 18, 2013 6:06am
Quoting fkforex
Can anyone tell me if I'm correct when I say there is MACD divergence on the USD/JPY pair? The MACD high from last Thursday at 3am is higher than the MACD high from this morning even though price hit higher highs. Is this not a good indication that price will drop (change direction)?
If I'm right, I hope I helped someone with a trade and if I'm wrong...Well don't jump into anything until you see confirmation :o)
I suggest that you post a chart so that everyone else can know what you are talking about.
3 am last Thursday means nothing because it depends what time zone you are in compared to others. It could be Wednesday morning or afternoon, sometime on Thursday or even Friday.
Is it H1 chart, H4, M15?
What are the settings for your MACD?
Post a chart and that makes it easier for others.
Please Do Not PM Me With Coding Enquiries
  • #4
  • Mar 18, 2013 7:49am Mar 18, 2013 7:49am
Quoting Gumrai
I suggest that you post a chart so that everyone else can know what you are talking about.
3 am last Thursday means nothing because it depends what time zone you are in compared to others. It could be Wednesday morning or afternoon, sometime on Thursday or even Friday.
Is it H1 chart, H4, M15?
What are the settings for your MACD?
Post a chart and that makes it easier for others.
You raised a valid point here. Small graph is essential to answer for this sort of question.
  • #5
  • Mar 18, 2013 5:16pm Mar 18, 2013 5:16pm
This is what he means, by the way its on the DAILY
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  • #6
  • Last Post: Mar 19, 2013 11:01am Mar 19, 2013 11:01am
It looks like divergence for me.
Trading divergence is a powerful method in forex trading. With divergence we can take benefits from the hidden trend reversal between price and indicator. If you are a rookie you have to learn divergence trading to reduce your risk and optimize your trade.

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