Indicators and patterns
11/7/2024
Indicators and patterns
The Chande Momentum Oscillator (CMO) is a technical indicator that measures the momentum of a financial instrument's price. In this case, it is applied to the USD/JPY currency pair on a 30-minute timeframe.The CMO generates a value that fluctuates above and below a zero line. A positive CMO value indicates bullish momentum, while a negative value indicates bearish momentum.
In this specific instance, the CMO for USD/JPY on the 30-minute timeframe is signaling a bearish sentiment. The recommendation based on this signal is to sell. The CMO value is 152.955, indicating strong bearish momentum at the time of the signal, which was generated on November 7, 2024, at 15:00 UTC.
Traders and investors can use this information to make informed decisions about their positions in the USD/JPY currency pair, taking into account the bearish signal provided by the CMO indicator.
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
