Indicators and patterns
8/26/2024
Indicators and patterns
The Average Directional Index (ADX) is a technical indicator used to measure the strength of a trend. In this case, the ADX for the USD/JPY currency pair on a 15-minute timeframe is showing a bullish signal. This suggests that there is a strong trend in the market.The signal to "Buy" indicates that traders may consider entering a long position on the USD/JPY pair based on the bullish ADX reading. The ADX value of 144.50999 further confirms the strength of the trend.
Overall, this combination of a bullish ADX signal and a "Buy" recommendation suggests that there is potential for further upward movement in the USD/JPY pair, and traders may look for opportunities to go long on this currency 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
