Dotbee.ai

Analysis of USD/JPY for 15min

7/11/2024

Analysis of USD/JPY for 15min

Analysis of USD/JPY

Based on the provided data for the USD/JPY currency pair at 15-minute intervals on July 11, 2024, we can make the following analysis:

1. **Price Movement**: The price of USD/JPY has been fluctuating within a narrow range, with the price closing around 161.56500. The price has been relatively stable throughout the day.

2. **Relative Strength Index (RSI)**: The RSI values indicate that the market is neither overbought nor oversold, hovering around 40-45. This suggests a balanced market sentiment without extreme buying or selling pressure.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line is below the signal line, indicating a bearish signal. The MACD histogram is negative, suggesting a potential downward 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 closing price, indicating a bearish trend in the short term.

Overall, the technical indicators suggest a bearish sentiment in the short term for the USD/JPY currency pair. Traders may consider monitoring for potential selling opportunities or a further confirmation of the downtrend 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 S.A. at ul. Nowy Swiat 33/13, 00-029 Warsaw, Poland, Register number KRS 0000895826, share capital in the amount of 201.4 mln PLN, NIP 5252859204, REGON 388760204