US Dollar ($) ⇨ Japanese Yen (¥)(USDJPY) HEFFX Japan

US Dollar ($) ⇨ Japanese Yen (¥)(USDJPY) HEFFX Japan

US Dollar ($) ⇨ Japanese Yen (¥)(USDJPY) HEFFX Japan

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 115.16.

The projected lower bound is: 109.83.

The projected closing price is: 112.49.

FOREX JPY= closed down -0.220 at 112.480. Volume was 99% below average (consolidating) and Bollinger Bands were 35% narrower than normal.

Open        High         Low           Close        Volume
112.390    112.540    112.280    112.480    1,491

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period     50-period     200-period
Close:                       113.44           115.20           107.34
Volatility:                13                   15                   15
Volume:                   138,963        137,432         99,853

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary Japan
FOREX JPY= is currently 4.8% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of JPY= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on JPY= and have had this outlook for the last 24 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

Japan, Yen, HEFFX, JPY, HEFFX, Shayne Heffernan, Outlook, Trading

HEFFX Momentum Japan
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 22.5807. This is not an overbought or oversold reading. The last signal was a buy 13 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 41.10. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 30 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -114.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 1 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 32 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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