Analysis of USD/JPY for 15min
8/2/2024
Analysis of USD/JPY
Based on the provided data for the USD/JPY currency pair on a 15-minute interval:1. **Price Movement**: The price of USD/JPY has been fluctuating within a relatively narrow range, with the price closing around 148.92 in the most recent data point.
2. **Relative Strength Index (RSI)**: The RSI values range from 37.78 to 46.33, indicating that the market is not strongly overbought or oversold. The current RSI value of 45.98 suggests a neutral sentiment.
3. **Moving Average Convergence Divergence (MACD)**: The MACD line is below the signal line, with negative values for the MACD histogram. This indicates a bearish momentum in the short term.
4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all above the current price, suggesting a downward trend.
Overall, the USD/JPY pair seems to be experiencing a bearish sentiment in the short term, as indicated by the MACD and moving averages. Traders may want to exercise caution and look for potential selling opportunities unless there is a significant change in market conditions.
MACD of USD/JPY
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
