Indicators and patterns
9/24/2024
Indicators and patterns
The first indicator is an Engulfing Pattern on the USD/JPY currency pair, observed on the 15-minute timeframe. This pattern is considered bearish, indicating a potential reversal in the price movement. In this case, the signal generated is to sell the asset at a price of 143.58501, with the pattern forming on September 24, 2024, at 03:00.The second indicator is a Momentum indicator on the USD/JPY pair, also on the 15-minute timeframe. The momentum is bearish, suggesting a downward trend in the price. The signal generated by this indicator is to sell the asset at a price of 143.58501, with the observation made on September 24, 2024, at 03:00.
Both indicators align in suggesting a bearish sentiment for the USD/JPY pair, indicating a potential opportunity to sell the asset based on the observed patterns and momentum.
This is not investment advice. Remember to verify the information provided here.
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