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

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

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

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 112.90.

The projected upper bound is: 116.84.

The projected lower bound is: 111.59.

The projected closing price is: 114.21.

FOREX JPY= closed up 0.480 at 114.210. Volume was 10% below average (neutral) and Bollinger Bands were 38% narrower than normal.

Open          High           Low            Close          Volume
113.720      114.490      113.210      114.210      126,573

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

Moving Averages: 10-period      50-period      200-period
Close:                       112.91            115.12              107.51
Volatility:                11                    15                      15
Volume:                   146,443        136,564           102,926

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 6.2% 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 30 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.

Japan, Japanese, JPY, HEFFX, Outlook, Asia, Shayne Heffernan, YEN

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 82.3226. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 3 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 52.66. 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 36 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 72. This is not a topping or bottoming area. The last signal was a buy 3 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 buy 1 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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