USD/JPY Analysis - page 9
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Weekly US Dollar / Japanese Yen-USDJPY As of 23/12/16
A black body has formed as prices closed lower 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 28 white candles versus 22 black candles with a net of 6 white candles.
MACD is BULLISH as the MACD is above the signal line.
The MACD crossed above the signal line 17 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 15.23%, 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.
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 31 Week(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 Buy 23 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 5 week(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 8 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 2.5%. Bollinger Bands are 120.22% wider than normal.
Daily US Dollar / Japanese Yen-USDJPYAs of 23/12/16
*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen
Buy Target: 117.4940
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 black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.
The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.
Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 1 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.21%, and has been fluctuating from a high of 117.871 to a low of 117.172.
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 Sell 38 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 day(s) ago.
The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of US Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
The last Directional Movement Indicators (DMI) signal was a SELL 31 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Buy 10 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 26.0%. Bollinger Bands are 27.75% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.