Analysis of USD/JPY for 15min
8/1/2024
Analysis of USD/JPY
Based on the provided data for the USD/JPY currency pair at 15-minute intervals, here is a short analysis:1. **Price Movement**: The price of USD/JPY has been fluctuating within a range, with the price closing between 149.910 and 150.610 during the observed time periods.
2. **Relative Strength Index (RSI)**: The RSI values range from 41.74 to 59.23, indicating that the market is not strongly overbought or oversold. The RSI values suggest a moderate level of price momentum.
3. **Moving Average Convergence Divergence (MACD)**: The MACD values are mostly negative, indicating a bearish trend in the short term. The MACD histogram shows a decreasing trend, suggesting a weakening bearish momentum.
4. **Moving Averages (MA)**: The closing prices are generally below the Moving Averages (SMA, EMA, WMA), indicating a downward trend in the short term.
5. **Price Range**: The price range has been relatively narrow, with the highest price recorded at 150.630 and the lowest at 149.840.
Overall, the USD/JPY pair seems to be in a short-term bearish trend with moderate price momentum. Traders may consider monitoring the RSI, MACD, and Moving Averages for potential trend reversal signals 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
