Analysis of USD/JPY for 15min
9/6/2024
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 142.44501 in the most recent data point.
2. **Relative Strength Index (RSI)**: The RSI values indicate that the market is not currently overbought or oversold, with values ranging from 18.18858 to 37.25870. This suggests a balanced market sentiment.
3. **Moving Average Convergence Divergence (MACD)**: The MACD indicator is negative in all data points, indicating a bearish trend. However, the MACD histogram is decreasing, which might suggest a weakening bearish momentum.
4. **Moving Averages (MA)**: The Moving Average values (SMA, EMA, WMA) are all above the current price, indicating a downward trend in the short term.
Overall, the data suggests a bearish sentiment in the short term for the USD/JPY pair, with a possibility of weakening bearish momentum. Traders may consider monitoring for potential reversal signals or confirmation of a continued 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
