Analysis of USD/JPY for 1h
9/6/2024
Analysis of USD/JPY
Based on the provided data for the USD/JPY pair on a 1-hour interval on September 6, 2024, we can make the following analysis:1. **Price Movement**: The price of USD/JPY fluctuated between 142.530 and 143.270 during the day, with the highest price reached at 143.370 and the lowest at 142.060.
2. **Relative Strength Index (RSI)**: The RSI values ranged from 25.56 to 40.99, indicating that the market was not significantly overbought or oversold during the day.
3. **Moving Average Convergence Divergence (MACD)**: The MACD values were negative throughout the day, with the MACD line consistently below the signal line. The MACD histogram values were mostly negative, indicating a bearish trend.
4. **Moving Averages (MA)**: The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values were calculated for each hour. The EMA values were generally lower than the SMA and WMA values, indicating a downward trend.
5. **Overall Trend**: The overall trend for the day seems to be bearish, as indicated by the negative MACD values and the downward movement of the moving averages.
6. **Key Levels**: The key levels to watch for support and resistance are around 142.530 and 143.370, respectively.
In conclusion, based on the analysis of the provided data, the USD/JPY pair on September 6, 2024, showed a bearish trend with no significant overbought or oversold conditions according to the RSI. Traders may consider short-term selling opportunities or wait for a potential reversal confirmation before entering any positions.
MACD of USD/JPY
This is not investment advice. Remember to verify the information provided here.
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