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Indicators and patterns

8/26/2024

Indicators and patterns

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.

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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