USDJPY Overbought? Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 3, 2014 8:17 PM

All technical indicators on the 4 hour chart say short the USDJPY

1. Linear regression says overbought.
2. CCI says overbought and falling.
3. RSI says overbought.
4. MACD also shows downward momentum growing

Hourly chart shows price moving below the 20 MA.

Feedback welcome

Comments

vaicru

⋅ Apr 8, 2014 2:32 PM

well done !

MrKaraman

⋅ Apr 3, 2014 9:22 PM

I was checking the same setup with the exception of linear regression. Techically we have all the confirmation we need here.

maccabean

⋅ Apr 4, 2014 4:06 PM

indeed we did :)