Dotbee.ai

Indicators and patterns

12/16/2024

Indicators and patterns

Indicators and patterns

The ADX (Average Directional Index) is a technical analysis indicator used to measure the strength of a trend. In this case, the ADX for the USD/JPY currency pair on a 30-minute timeframe is indicating a bearish trend.

The signal to "Sell" suggests that there may be a potential opportunity to enter a short position on the USD/JPY pair. The price at the time of the signal was 153.815, and the signal was generated on December 16, 2024, at 3:30 AM.

Traders and investors often use the ADX in conjunction with other technical indicators to make informed decisions about their trading strategies. In this scenario, the bearish ADX signal may indicate a potential downward movement in the USD/JPY pair, prompting traders to consider selling or shorting the pair.

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 Group S.A. at Al. Aleje Jerozolimskie 65 / 79, 00-697 Warsaw, Poland, Register number KRS 0000335507, NIP 5252859204, REGON 388760204. Honey Payment Group is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol HPG. Link