Indicators and patterns
1/28/2025
Indicators and patterns
The indicator identified in the provided data is the "Engulfing Pattern" on the USD/JPY currency pair with a 15-minute timeframe. In this case, it is a bullish engulfing pattern, which is a two-candlestick pattern that signals a potential reversal in the price movement.Specifically, the bullish engulfing pattern consists of two candles: a smaller bearish candle followed by a larger bullish candle that completely engulfs the previous candle's range. This pattern suggests a shift in momentum from bearish to bullish, indicating a possible buying opportunity.
In this scenario, the signal generated is to "Buy" based on the bullish engulfing pattern that occurred at a price of 155.61 on January 28, 2025, at 3:00 AM. Traders and investors may interpret this signal as a potential entry point to go long on the USD/JPY currency pair, anticipating a price increase following the pattern's formation.
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
