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

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

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

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 118.34.

The projected lower bound is: 113.63.

The projected closing price is: 115.98.

FOREX JPY= closed up 0.420 at 115.760. Volume was 92% below average (consolidating) and Bollinger Bands were 40% narrower than normal.

Open        High         Low           Close        Volume
115.340    115.840    115.040    115.760    9,514

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

Moving Averages: 10-period 50-period 200-period
Close: 116.87 112.64 106.84
Volatility: 12 13 16
Volume: 80,767 141,787 91,905

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 8.3% 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 3 periods.

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

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 21.8030. This is not an overbought or oversold reading. The last signal was a sell 14 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 51.23. 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 9 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 -206.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 12 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 11 period(s) ago.

 

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