There is a shooting star bar on the 4H time frame at the resistance
at 114.80. However, considering how bullish this pair is I am not sure
how valid of a signal it is. I wouldn't short here.
Weekly US Dollar / Japanese Yen-USDJPY As
of 02/12/16
A white body has
formed as prices closed higher than open.
The previous 10 candlestick bars, there are 8 white candles
versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 27 white candles
versus 23 black candles with a net of 4 white candles.
Three white candles has formed during the last three bars. Although these candles were not big enough to create three
white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.
The MACDcrossed above
the signal line 14 week(s) ago.Since
the MACD crossed the MACD moving average, US Dollar / Japanese Yen's
price has increased 11.47%, and has been fluctuating from a high
of 114.823 to a low of 99.941.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5
periods.
The
Stochastic Oscillator is currently above 80. This is an indication of
the security being in an "overbought" condition.No Stochastic Buy or Sell
signals generated today. The last signal was a
Buy28 Week(s) Ago.
The RSI is not currently in a topping (above 70) or
bottoming (below 30) range. A buy or sell signal generated when the RSI
moves out of an overbought/oversold area. The last signal was a Buy 20
week(s) ago.
The RSI has just
reached its highest value in the last 14 week(s). This is BULLISHsignal.
Currently,
the Momentum Oscillator is in an overboughtcondition.
The last Directional
Movement Indicators (DMI)signal was a BUY 2 week(s) ago.
There were no SAR signals
generated today. The last SAR signal was a Buy5 week(s) Ago.
The close is
currently
ABOVE its
200 weekly
moving average
ABOVE its
50 weekly
moving average
ABOVE its
20 weekly
moving average
The current market condition for US Dollar /
Japanese Yen is Very Bullish
US Dollar / Japanese
Yen closed above the upper Bollinger Band by
10.3%.Although prices have broken the
upper Bollinger Band and an upside breakout is possible, the
most likely scenario is for the current trading range that US Dollar / Japanese
Yen is in to continue.Bollinger
Bands are 45.10%
wider than normal.
Usd/Jpy has recovered from the bearish gap after Italy's ''no'' referendum vote, the pair is back to around 113.80 level. I'm expecting short term consolidation between 113.80 to 114.84.
Daily US Dollar / Japanese Yen-USDJPY As
of 02/12/16
***
Intra-Daily Trading Strategy:SELL US
Dollar / Japanese Yen
A black body
has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles
versus 5 black candles.
The previous 50 candlestick bars, there are 30 white candles
versus 20 black candles with a net of 10 white candles.
MACD is BULLISH
as the MACD
is above the signal line.
The MACDcrossed above
the signal line 16 day(s) ago.Since the
MACD crossed the MACD moving average, US Dollar / Japanese Yen's price
has increased 7.15%, and has been fluctuating from a high
of 114.823 to a low of 101.184.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5
periods.
The
Stochastic Oscillator is currently above 80. This is an indication of
the security being in an "overbought" condition.No Stochastic Buy or Sell
signals generated today. The last signal was a
Sell 23 Day(s)
Ago.
The RSI is above 70. This is where it usually tops. The RSI
usually forms tops and bottoms before the underlying security. A buy or sell
signal generated when the RSI moves out of an overbought/oversold area.
The last signal was a Sell4 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI
and price of US Dollar / Japanese Yen are not diverging.
Currently,
the Momentum Oscillator is in an overboughtcondition.
The last Directional
Movement Indicators (DMI)signal was a SELL16 day(s) ago.
There were no SAR signals
generated today. The last SAR signal was a Buy17 day(s) Ago.
The close is
currently
ABOVE its
200 daily
moving average
ABOVE its
50 daily
moving average
ABOVE its
20 daily
moving average
The current market condition for US Dollar /
Japanese Yen is Very Bullish
US Dollar / Japanese
Yen closed below the upper Bollinger Band by
22.4%.Bollinger Bands are
134.33%
wider than normal.
I tentatively opened a long position due to the inverted hammer bar on the daily time frame above the support at 113.00. However, the pair has also formed double top at 114.80 so whether it will break above that level is uncertain at the moment.
The Golden Cross is still confirming a bullish trend on the USDJPY. The pair is currently consolidating, but it may continue higher above the 114.80 level. To the downside, the 112.00 level may act as support.
What happen with usdjpy on few last day, seems this pair on corection time which movement on previous week having tendencies to bullish but if look on daily this time will also having possibility to reversal time or will continue the early trend
***
Intra-Daily Trading Strategy:SELL US
Dollar / Japanese Yen
Sell
Target: 113.4140
Enter
New SELL on OPEN and exit SELL
positions at Target price or at Stop price.
(NOTE: Adjust
Stop Loss Price according to your trading risk.)
Do
not reverse after exiting. This is a recommendation for INTRA-DAY
TRADING only!!!!!
A black body
has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles
versus 5 black candles.
The previous 50 candlestick bars, there are 30 white candles
versus 20 black candles with a net of 10 white candles.
A spinning top has formed which is a candle with a small
real body. Spinning tops identify a session in which there is little
price action as defined by the difference between the open and the close.
During a rally or near new highs, a spinning top can be a sign that
prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the
signal line.
The MACDcrossed above
the signal line 19 day(s) ago.Since the
MACD crossed the MACD moving average, US Dollar / Japanese Yen's price
has increased 7.58%, and has been fluctuating from a high
of 114.823 to a low of 101.184.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5
periods.
The
Stochastic Oscillator is currently above 80. This is an indication of
the security being in an "overbought" condition.No Stochastic Buy or Sell
signals generated today. The last signal was a
Sell 26 Day(s)
Ago.
The RSI is above 70. This is where it usually tops. The RSI
usually forms tops and bottoms before the underlying security. A buy or sell
signal generated when the RSI moves out of an overbought/oversold area.
The last signal was a Sell7 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI
and price of US Dollar / Japanese Yen are not diverging.
Currently,
the Momentum Oscillator does not show an
overbought or oversold condition.
The last Directional
Movement Indicators (DMI)signal was a SELL19 day(s) ago.
A SARSell
signal generated today.
If you are long, this might be a good place to exit.
The close is
currently
ABOVE its
200 daily
moving average
ABOVE its
50 daily
moving average
ABOVE its
20 daily
moving average
The current market condition for US Dollar /
Japanese Yen is Very Bullish
US Dollar / Japanese
Yen closed below the upper Bollinger Band by
24.8%.Bollinger Bands are
85.23%
wider than normal.
Weekly US Dollar / Japanese Yen-USDJPY As of 02/12/16
A white body has formed as prices closed higher than open.
The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.
The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.
Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 14 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 11.47%, and has been fluctuating from a high of 114.823 to a low of 99.941.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 28 Week(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 20 week(s) ago.
The RSI has just reached its highest value in the last 14 week(s). This is BULLISH signal.
Currently, the Momentum Oscillator is in an overbought condition.
The last Directional Movement Indicators (DMI) signal was a BUY 2 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 5 week(s) Ago.
The close is currently
ABOVE its 200 weekly moving average
ABOVE its 50 weekly moving average
ABOVE its 20 weekly moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed above the upper Bollinger Band by 10.3%. Although prices have broken the upper Bollinger Band and an upside breakout is possible, the most likely scenario is for the current trading range that US Dollar / Japanese Yen is in to continue. Bollinger Bands are 45.10% wider than normal.
Daily US Dollar / Japanese Yen-USDJPY As of 02/12/16
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 16 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 7.15%, and has been fluctuating from a high of 114.823 to a low of 101.184.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 23 Day(s) Ago.
The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 4 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator is in an overbought condition.
The last Directional Movement Indicators (DMI) signal was a SELL 16 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 17 day(s) Ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 22.4%. Bollinger Bands are 134.33% wider than normal.
US Dollar / Japanese Yen-USDJPY As of 07/12/16
*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen
Sell Target: 113.4140
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.
The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.
A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 19 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 7.58%, and has been fluctuating from a high of 114.823 to a low of 101.184.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 26 Day(s) Ago.
The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 7 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL 19 day(s) ago.
A SAR Sell signal generated today. If you are long, this might be a good place to exit.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
ABOVE its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Very Bullish
US Dollar / Japanese Yen closed below the upper Bollinger Band by 24.8%. Bollinger Bands are 85.23% wider than normal.