USD/JPY is trading
flat for the day, around 111.00 figure. Technical indicators on the H4 are
pushing higher, but not enough to reach the resistance at 111.20.
Weekly US Dollar / Japanese Yen-USDJPYAs
A big bearish black
candle has formed. Prices closed considerably lower than open. If the
candle appears when prices are "high," it may be the first sign of a
top. If it occurs when prices are confronting an overhead resistance area, a
moving average, trend line, or price resistance level, the long black candle
adds credibility to the resistance. Likewise, if the candle appears as prices
break below a support area, the long black candle confirms the failure of the
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.
bearish line has formed where a black candle's real body completely
contains the previous white candle's real body. The engulfing bearish
pattern is bearish during an uptrend. It signifies that the momentum may be
shifting from the bulls to the bears.
If the engulfing bearish pattern occurs during a downtrend
(which is the case with US Dollar / Japanese Yen), it may be a last
engulfing bottom which indicates a bullish reversal. The test to see if
this is the case is if the next candle closes above the bottom the current
(black) candle's real body.MACD is BEARISH as the MACD is below the
The MACD crossed below
the signal line 33 week(s) ago. Since
the MACD crossed the MACD moving average, US Dollar / Japanese Yen's
price has decreased 15.67%, and has been fluctuating from a high of 123.538 to a low of
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5
No Stochastic Buy or Sell signals generated today. The last signal was a Buy 10 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 2 week(s) ago.
Currently the RSI does not show any Failure Swings. The RSI
and price of US Dollar / Japanese Yen are not diverging.
the Momentum Oscillator does not show an
overbought or oversold condition.
The last Directional
Movement Indicators (DMI) signal was a SELL 48 week(s) ago.
There were no SAR signals
generated today. The last SAR signal was a Sell 6 week(s) ago.
The close is
The current market condition for US Dollar /
Japanese Yen is Very Bearish
US Dollar / Japanese
Yen closed above the lower Bollinger Band by
14.1%. Bollinger Bands are
wider than normal.