Dotbee.ai

Analysis of USD/JPY for 15min

8/2/2024

Analysis of USD/JPY for 15min

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 149.27.

2. **Relative Strength Index (RSI)**: The RSI values range from 33.90 to 47.74, indicating that the market is not strongly overbought or oversold. The current RSI value is around 43.06, suggesting a neutral sentiment.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line is negative, indicating a bearish trend. The MACD histogram is also negative, showing a decrease in bearish momentum.

4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) are all relatively close to each other and hovering around 149.38, suggesting a consolidation phase.

5. **Overall Analysis**: The USD/JPY pair seems to be in a consolidation phase with no clear trend direction. Traders may need to wait for a clearer signal before making trading decisions. The RSI indicates a neutral sentiment, while the MACD suggests a bearish bias. The moving averages are flat, indicating a lack of strong momentum.

6. **Key Levels**: Key levels to watch are the support level around 149.10 and the resistance level around 149.40. A breakout above or below these levels could indicate a potential trend reversal.

Remember that trading involves risks, and it's essential to use risk management strategies and consider other factors before making trading decisions.

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
Web versionApp StoreGoogle Play

Contacts

Telephone number

+48 32 700 81 66

Email address

[email protected]

Company information

Honey Payment Group S.A. at Al. Aleje Jerozolimskie 65 / 79, 00-697 Warsaw, Poland, Register number KRS 0000335507, NIP 5252859204, REGON 388760204. Honey Payment Group is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol HPG. Link