Indicators and patterns
9/5/2024
Indicators and patterns
The three indicators and patterns identified for USD/JPY on the 15-minute timeframe are as follows:1. Belt-hold Line (Bearish):
- The Belt-hold Line is a single candlestick pattern that indicates a potential reversal in the market trend.
- In this case, the Belt-hold Line is bearish, suggesting a downward movement in the price.
- The signal generated is to sell, indicating a bearish outlook for USD/JPY.
2. Long Line Candle (Bearish):
- The Long Line Candle is a candlestick pattern with a long body that signifies strong momentum in the market.
- When the Long Line Candle is bearish, it indicates a potential downtrend in the price.
- The signal generated is to sell, reinforcing the bearish sentiment for USD/JPY.
3. Marubozu (Bearish):
- A Marubozu is a candlestick pattern with no shadows (or very small shadows) and a long body, indicating a strong trend in the market.
- When the Marubozu is bearish, it suggests a strong bearish momentum in the price.
- The signal generated is to sell, highlighting the strong bearish sentiment for USD/JPY.
In summary, all three indicators and patterns (Belt-hold Line, Long Line Candle, and Marubozu) are signaling a bearish outlook for USD/JPY on the 15-minute timeframe, with a recommendation to sell based on the identified patterns.
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
