US Dollar / Japanese Yen-USDJPY As of 24/05/17
*** Intra-Daily Trading Strategy:SELL US Dollar / Japanese Yen
Sell Target: 111.3063
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.38%, and has been fluctuating from a high of 112.696 to a low of 110.235.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Buy39 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 9 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
US Dollar / Japanese Yen is showing a sell exit opportunity. The ADX is above both Minus and Plus Directional Indicators and going down. This indicates that the current uptrend may have run it's coarse. This might be a good place to take some profits or wait to re-enter when the ADX turns up.
The last Directional Movement Indicators (DMI) signal was a SELL5 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell6 day(s) ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 30.0%. Bollinger Bands are 21.64% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
*** Intra-Daily Trading Strategy:SELL US Dollar / Japanese Yen
Sell Target: 111.3063
Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.
(NOTE: Adjust Stop Loss Price according to your trading risk.)
Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!
A black body has formed as prices closed lower than open.
The previous 10 candlestick bars, there are 3 white candles versus 7 black candles with a net of 4 black candles.
The previous 50 candlestick bars, there are 23 white candles versus 26 black candles with a net of 3 black candles.
MACD is BEARISH as the MACD is below the signal line.
The MACD crossed below the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.38%, and has been fluctuating from a high of 112.696 to a low of 110.235.
The MACD is currently not in an Overbought/Oversold range.
There have been no divergence signals during the last 5 periods.
No Stochastic Buy or Sell signals generated today. The last signal was a Buy39 Day(s) Ago.
The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 9 day(s) ago.
Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.
Currently, the Momentum Oscillator does not show an overbought or oversold condition.
US Dollar / Japanese Yen is showing a sell exit opportunity. The ADX is above both Minus and Plus Directional Indicators and going down. This indicates that the current uptrend may have run it's coarse. This might be a good place to take some profits or wait to re-enter when the ADX turns up.
The last Directional Movement Indicators (DMI) signal was a SELL5 day(s) ago.
There were no SAR signals generated today. The last SAR signal was a Sell6 day(s) ago.
The close is currently
ABOVE its 200 daily moving average
BELOW its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Mildly Bullish
US Dollar / Japanese Yen closed above the lower Bollinger Band by 30.0%. Bollinger Bands are 21.64% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.