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 ranging.

The projected upper bound is: 104.70.

The projected lower bound is: 99.74.

The projected closing price is: 102.22.

FOREX JPY= closed down -0.080 at 102.230. Volume was 8,900% above average (trending) and Bollinger Bands were 39% narrower than normal.

Open           High           Low           Close          Volume
102.250      102.450      102.140    102.230     6,377

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

Moving Averages: 10-period 50-period 200-period
Close:                       102.26      102.75       109.67
Volatility:                12               15               15
Volume:                  638            128             32

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 6.8% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into JPY= (bullish). Our trend forecasting oscillators are currently bullish on JPY= and have had this outlook for the last 10 periods.

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 39.9660. This is not an overbought or oversold reading. The last signal was a sell 10 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 49.51. 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 50 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 -48. This is not a topping or bottoming area. The last signal was a sell 9 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 3 period(s) ago.

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