Indicators and patterns
1/23/2025
Indicators and patterns
1. Closing Marubozu: This is a candlestick pattern where the candle has a long body with no wicks or shadows on either end. In this case, it is a bullish Closing Marubozu, indicating strong buying pressure throughout the trading session. This signal suggests a potential uptrend in the price of USD/JPY.2. Long Line Candle: This is another term for a candlestick pattern with a long body and little to no wicks or shadows. Similar to the Closing Marubozu, a Long Line Candle with a bullish sentiment indicates strong buying momentum and a potential continuation of an uptrend in the USD/JPY pair.
3. STOCHRSI_fastk_indicator: This indicator is based on the Stochastic Relative Strength Index (StochRSI), which combines aspects of both the Stochastic Oscillator and the Relative Strength Index (RSI). In this case, the fast %K line of the STOCHRSI indicator is showing a bearish signal, suggesting that the USD/JPY pair may be overbought and due for a potential reversal or pullback in price. This signal indicates a selling opportunity.
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
