Analysis of USD/JPY for 15min
10/31/2024
Analysis of USD/JPY
Based on the provided data for the USD/JPY currency pair on a 15-minute interval, here is a short analysis:1. **Price Movement**: The price of USD/JPY has been fluctuating within a range, with the price closing at 152.40500, opening at 152.15500, and ranging between 152.15500 and 152.44000 in the latest candle.
2. **Relative Strength Index (RSI)**: The RSI indicator is showing values around 25 to 42, indicating a slightly oversold market but not extreme. This suggests a moderate level of buying and selling pressure.
3. **Moving Average Convergence Divergence (MACD)**: The MACD indicator is negative, with the MACD line below the signal line. The histogram is also negative, indicating 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 closing price, suggesting a downward trend in the short term.
Overall, the analysis indicates a bearish sentiment in the short term for the USD/JPY currency pair, with the price likely to continue its downward movement based on the MACD and moving averages. Traders may consider short positions or wait for a potential reversal confirmation before entering a trade.
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
