Indicators and patterns
3/13/2025
Indicators and patterns
The Chande Momentum Oscillator (CMO) is a technical indicator that measures the momentum of a financial instrument's price movements. In this case, it was applied to the USD/JPY currency pair on a 15-minute timeframe.The CMO generates values that fluctuate above and below a zero line, indicating overbought and oversold conditions. A bearish signal is generated when the CMO crosses below the zero line, suggesting that selling pressure is increasing and the price may decline.
In this specific instance, the CMO for USD/JPY on the 15-minute chart has turned bearish, indicating a potential selling opportunity. The value of the CMO was 147.64999 at the time of the signal, which occurred on March 13, 2025, at 6:15 UTC. Traders may interpret this as a sign to consider selling USD/JPY based on the bearish momentum indicated by the CMO.
This is not investment advice. Remember to verify the information provided here.
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