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 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 a potential downtrend in the price.
In this specific instance, the CMO for USD/JPY on the 15-minute chart has turned bearish, indicating a selling opportunity. The CMO value was 148.66 at the time of the signal, which occurred on February 25, 2025, at 15:15. Traders and investors may interpret this signal as a suggestion to consider selling USD/JPY positions or taking a bearish stance on the currency pair.