US Dollar ($) ⇨ Japanese Yen (¥)(USDJPY) HEFFX Trading Outlook

US Dollar ($) ⇨ Japanese Yen (¥)(USDJPY) HEFFX Trading Outlook

US Dollar ($) ⇨ Japanese Yen (¥)(USDJPY) HEFFX Trading Outlook

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 119.83.

The projected lower bound is: 114.99.

The projected closing price is: 117.41.

FOREX JPY= closed up 0.250 at 117.160. Volume was 98% below average (consolidating) and Bollinger Bands were 51% narrower than normal.

Open         High          Low          Close        Volume
116.890    117.220     116.870     117.160    2,159

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

Moving Averages: 10-period    50-period    200-period
Close:                       116.99          112.91           106.88
Volatility:                14                  14                  16
Volume:                   85,044         141,572        92,078

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 Japanese Yen
FOREX JPY= is currently 9.6% above its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 4 periods.

Japan, Japanese, Yen, HEFFX, Trading, Outlook, USDJPY, Shayne Heffernan

HEFFX Momentum Japanese Yen
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 39.2586. This is not an overbought or oversold reading. The last signal was a sell 15 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 58.37. 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 10 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 -7. This is not a topping or bottoming area. The last signal was a buy 0 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 12 period(s) ago.

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