USD/JPY Analysis - page 11

 

Weekly US Dollar / Japanese Yen-USDJPY As of 27/01/17

 

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 22 week(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 13.07%, and has been fluctuating from a high of 118.659 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.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 36 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 Sell  4 week(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 BUY 10 week(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 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 below the upper Bollinger Band by 28.5%.  Bollinger Bands are 133.85% wider than normal. 

 


 

Daily US Dollar / Japanese Yen-USDJPY As of 27/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 115.5020

Enter New BUY on OPEN and exit BUY 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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.

MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 26 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.08%, and has been fluctuating from a high of 118.599 to a low of 112.604.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 1 Day(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 Sell 25 day(s) ago.

 The RSI has just reached its highest value in the last 14 day(s). This is BULLISH signal.

The RSI has set a new 14-period high while the price of US Dollar / Japanese Yen has not. This is a BULLISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 12 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 1 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 above the lower Bollinger Band by 49.6%.  Bollinger Bands are 8.46% narrower than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


 
It's dropping after it formed a shooting star bar on the M30 time frame at 113.95 and I think it will reach 113.00. Of course, it all depends on the US Federal Funds Rate announcement today.
 
The USDJPY is right in between the 112.00 level and the 114.00 level. It may try to consolidate in this zone without a clear direction until it breaks out of that range.
 

US Dollar / Japanese Yen-USDJPY As of 01/02/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 113.8650

Enter New BUY on OPEN and exit BUY 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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black candles.

MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 29 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 3.70%, and has been fluctuating from a high of 118.599 to a low of 112.096.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 4 Day(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 Sell 28 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 15 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 1 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

  The current market condition for US Dollar / Japanese Yen is Mildly Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 20.8%.  Bollinger Bands are 28.96% narrower than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


 
USD/JPY is at the support at 112.40, I think that if it breaks out below that support it will reach 112.00.
 
I'm bearish on the pair.
 

Weekly US Dollar / Japanese Yen-USDJPY As of 03/02/17

 

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 23 week(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 10.89%, and has been fluctuating from a high of 118.659 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.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 37 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 Sell  5 week(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 BUY 11 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 1 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 below the upper Bollinger Band by 39.3%.  Bollinger Bands are 125.05% wider than normal. 

 


 

Daily US Dollar / Japanese Yen-USDJPY As of 03/02/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 113.3770

Enter New BUY on OPEN and exit BUY 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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black 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 BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 31 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 3.97%, and has been fluctuating from a high of 118.599 to a low of 112.051.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 6 Day(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 Sell 30 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 17 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 3 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

  The current market condition for US Dollar / Japanese Yen is Mildly Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 18.2%.  Bollinger Bands are 35.44% narrower than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


 
Great support on the USDJPY at the 112.00 level. Very hard to break that support to the downside, but a real breakdown could take the pair to the 200 day EMA, around the 110.38 level. To the upside, the 114.00 level could still be a good resistance.
Reason: