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 on August 1, 2024, we can make the following analysis:1. **Price Movement**: The price of USD/JPY fluctuated between 148.89000 and 149.41000 during the recorded time intervals.
2. **Relative Strength Index (RSI)**: The RSI values ranged from 25.00993 to 40.65797, indicating some fluctuations in the momentum of price movements. The RSI values suggest that the market was not consistently overbought or oversold during the recorded time intervals.
3. **Moving Average Convergence Divergence (MACD)**: The MACD indicator values were negative throughout the recorded time intervals, indicating a bearish trend in the market. The MACD histogram values were mostly negative, suggesting a potential continuation of the bearish momentum.
4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values were calculated for each time interval. These moving averages can be used to identify potential support and resistance levels in the market.
Overall, the analysis suggests that the USD/JPY currency pair was in a bearish trend on August 1, 2024, based on the MACD indicator and moving averages. Traders and investors may consider this information along with other technical and fundamental analysis to make informed trading decisions.
MACD of USD/JPY
This is not investment advice. Remember to verify the information provided here.
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