Dotbee.ai

Analysis of USD/JPY for 1h

7/11/2024

Analysis of USD/JPY for 1h

Analysis of USD/JPY

Based on the provided data for the USD/JPY pair on the 1-hour interval, here is a short analysis:

1. **Price Movement**: The price of USD/JPY has been fluctuating within a relatively narrow range, with the price closing around 161.67 in the latest candle.

2. **Relative Strength Index (RSI)**: The RSI indicator is hovering around 55-60, indicating a neutral to slightly bullish sentiment in the market.

3. **Moving Average Convergence Divergence (MACD)**: The MACD line is below the signal line, with a negative MACD histogram, suggesting a bearish momentum in the short term.

4. **Moving Averages (MA)**: The price is currently above the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA), indicating a potential bullish bias.

5. **Overall Sentiment**: The technical indicators present a mixed picture, with the RSI suggesting a neutral to slightly bullish sentiment, while the MACD indicates a bearish momentum. The moving averages point towards a potential bullish bias.

6. **Key Levels**: The price has been consolidating between 161.47 and 161.75, with a breakout above or below these levels likely to determine the next directional move.

In conclusion, traders may want to monitor the key levels for a breakout confirmation to establish a clear trend direction in the USD/JPY pair.

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
Web versionApp StoreGoogle Play

Contacts

Telephone number

+48 32 700 81 66

Email address

[email protected]

Company information

Honey Payment S.A. at ul. Nowy Swiat 33/13, 00-029 Warsaw, Poland, Register number KRS 0000895826, share capital in the amount of 201.4 mln PLN, NIP 5252859204, REGON 388760204