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

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

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

HEFFX Notes Japanese Yen

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 104.89.

The projected upper bound is: 104.37.

The projected lower bound is: 98.00.

The projected closing price is: 101.19.

FOREX JPY= closed down -0.660 at 101.290. Volume was 4% below average (neutral) and Bollinger Bands were 24% wider than normal.

Open           High           Low             Close           Volume
101.930      102.270      100.820      101.290      65,775

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

Moving Averages: 10-period           50-period           200-period
Close:                       101.63                  103.93                 112.36
Volatility:                13                           20                         15
Volume:                   60,871                 69,840                 61,867

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
FOREX JPY= is currently 9.8% below 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 7 periods.

Japanese Yen

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 36.8807. This is not an overbought or oversold reading. The last signal was a buy 4 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 40.39. 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 buy 24 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 -58. This is not a topping or bottoming area. The last signal was a buy 5 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 10 period(s) ago.

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