Indicators and patterns
The first indicator is the Chande Momentum Oscillator (CMO) on the USD/JPY currency pair with a 15-minute timeframe. The CMO is currently showing a bearish signal, suggesting a potential selling opportunity. This indicates that the momentum of the price movement is weakening on the downside.
The second indicator is the Average Directional Index (ADX) on the USD/JPY currency pair with a 15-minute timeframe. The ADX is currently showing a bullish signal, indicating a potential buying opportunity. This suggests that the strength of the current uptrend is strong and may continue.
In summary, the CMO is signaling a bearish trend, suggesting selling opportunities, while the ADX is signaling a bullish trend, indicating buying opportunities. Traders may consider these signals along with other factors to make informed trading decisions.