Daily Technical analysis

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 02/12/16

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 16 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 7.15%, and has been fluctuating from a high of 114.823 to a low of 101.184.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 23 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 4 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 is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a SELL 16 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 17 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 22.4%. Bollinger Bands are 134.33% wider than normal.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 07/12/16

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 113.4140

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 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 19 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 7.58%, and has been fluctuating from a high of 114.823 to a low of 101.184.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 26 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 7 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.


The last Directional Movement Indicators (DMI) signal was a SELL 19 day(s) ago.

A SAR Sell signal generated today. If you are long, this might be a good place to exit.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 24.8%. Bollinger Bands are 85.23% wider than normal.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 09/12/16

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 15 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 13.27%, and has been fluctuating from a high of 115.365 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 29 Week(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 Buy 21 week(s) ago.

The RSI has just reached its highest value in the last 14 week(s). This is BULLISH signal.



Currently, the Momentum Oscillator is in an overbought condition.



The last Directional Movement Indicators (DMI) signal was a BUY 3 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 6 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed above the upper Bollinger Band by 8.7%. Although prices have broken the upper Bollinger Band and an upside breakout is possible, the most likely scenario is for the current trading range that US Dollar / Japanese Yen is in to continue. Bollinger Bands are 71.45% wider than normal.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 09/12/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 115.7473

Enter New BUY on OPEN and exit BUY 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 big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 115.365 to a low of 114.058.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 28 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. 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 price of US Dollar / Japanese Yen has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.



The last Directional Movement Indicators (DMI) signal was a SELL 21 day(s) ago.

A SAR Buy signal generated today. If you are short, this might be a good place to exit.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

With strong confirmation from the short term-trend and a current Buy signal. The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 15.2%. Bollinger Bands are 59.85% wider than normal.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY

As of 14/12/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 118.1083

Enter New BUY on OPEN and exit BUY 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 big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 0 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 117.381 to a low of 114.771.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 31 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 12 day(s) ago.


Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL 24 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 3 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

With strong confirmation from the short term-trend and a current Buy signal. The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed above the upper Bollinger Band by 0.9%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the Bollinger Bands is likely. Bollinger Bands are 31.07% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 16/12/16

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 8 white candles versus 2 black candles with a net of 6 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

Three white candles has formed during the last three bars. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 16 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 15.82%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 30 Week(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 22 week(s) ago.

The RSI has just reached its highest value in the last 14 week(s). This is BULLISH signal.


Currently, the Momentum Oscillator is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a BUY 4 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 7 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed above the upper Bollinger Band by 8.6%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the Bollinger Bands is likely. Bollinger Bands are 101.23% wider than normal.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 16/12/16

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 117.4310

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 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 2 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.61%, and has been fluctuating from a high of 118.659 to a low of 114.771.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 33 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 14 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 is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a SELL 26 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 5 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 2.3%. Bollinger Bands are 33.84% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 21/12/16

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 117.1177

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 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 5 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 0.37%, and has been fluctuating from a high of 118.659 to a low of 114.771.

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 Sell 36 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 17 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.


The last Directional Movement Indicators (DMI) signal was a SELL 29 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 8 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 16.1%. Bollinger Bands are 27.48% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 23/12/16


A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 17 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 15.23%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 31 Week(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy 23 week(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 is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a BUY 5 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 8 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 2.5%. Bollinger Bands are 120.22% wider than normal.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPYAs of 23/12/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 117.4940

Enter New BUY on OPEN and exit BUY 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 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 1 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.21%, and has been fluctuating from a high of 117.871 to a low of 117.172.

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 Sell 38 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of US Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL 31 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 10 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 26.0%. Bollinger Bands are 27.75% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 28/12/16

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 116.6843

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 27 white candles versus 23 black candles with a net of 4 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 4 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.37%, and has been fluctuating from a high of 117.871 to a low of 116.843.

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 Sell 41 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 3 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.The RSI has set a new 14-period low while the price of US Dollar / Japanese Yen has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL 34 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 13 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 34.5%. Bollinger Bands are 6.93% wider than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 30/12/16


A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 18 week(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 14.89%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 32 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.The RSI just crossed below 70 from a topping formation. This is a BEARISH sign. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 0 week(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 is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a BUY 6 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 9 week(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 9.6%. Bollinger Bands are 131.75% wider than normal.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 30/12/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 117.3530

Enter New BUY on OPEN and exit BUY 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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 6 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.51%, and has been fluctuating from a high of 117.871 to a low of 116.045.

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 Sell 43 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 5 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.


The last Directional Movement Indicators (DMI) signal was a SELL 36 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 1 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 40.0%. Bollinger Bands are 5.77% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 04/01/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 116.7167

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 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 9 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.35%, and has been fluctuating from a high of 118.599 to a low of 116.045.

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 Sell 46 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 8 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.


The last Directional Movement Indicators (DMI) signal was a SELL 39 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 1 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 45.0%. Bollinger Bands are 29.39% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 06/01/17


A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

A spinning top has formed which is a candle with a small real body. Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 19 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 14.89%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 33 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 1 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 is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a BUY 7 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 10 day(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 13.9%. Bollinger Bands are 136.54% wider than normal.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 06/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 117.6297

Enter New BUY on OPEN and exit BUY 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 big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 28 white candles versus 22 black candles with a net of 6 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 11 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 0.50%, and has been fluctuating from a high of 118.599 to a low of 115.222.

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 Sell 48 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 10 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.


The last Directional Movement Indicators (DMI) signal was a SELL 41 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 1 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 46.9%. Bollinger Bands are 44.00% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 0 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 11/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 116.4590

Enter New BUY on OPEN and exit BUY 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 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 14 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.18%, and has been fluctuating from a high of 118.599 to a low of 114.245.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 51 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 13 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

The Directional Movement Indicators (DMI) are showing a SELL signal for US Dollar / Japanese Yen.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 SELL 0 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 4 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed below the lower Bollinger Band by 8.8%. Although prices have broken the lower Bollinger Band and a downside breakout is possible, the most likely scenario is for the current trading range that US Dollar / Japanese Yen is in to continue. Bollinger Bands are 44.61% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to US Dollar / Japanese Yen's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 3 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[Martin Kay]

Weekly US Dollar / Japanese Yen-USDJPY As of 13/01/17

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 7 white candles versus 3 black candles with a net of 4 white candles.

The previous 50 candlestick bars, there are 27 white candles versus 23 black candles with a net of 4 white candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend (which is the case with US Dollar / Japanese Yen). It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BULLISH as the MACD is above the signal line.

The MACD crossed above the signal line 20 wwek(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 12.44%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Buy 34 Wwek(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 2 wwek(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 is in an overbought condition.


The last Directional Movement Indicators (DMI) signal was a BUY 8 wwek(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 11 wwek(s) Ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 26.4%. Bollinger Bands are 135.40% wider than normal.

 

[Martin Kay]

Daily US Dollar / Japanese Yen-USDJPY As of 13/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 115.1700

Enter New BUY on OPEN and exit BUY 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 27 white candles versus 23 black candles with a net of 4 white candles.

Three black candles has formed during the last three bars. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 16 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.63%, and has been fluctuating from a high of 118.599 to a low of 113.757.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 53 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 15 day(s) ago.


The RSI has just reached its lowest value in the last 14 day(s). This is BEARISH signal.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a SELL 2 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 6 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed below the lower Bollinger Band by 2.4%. This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely. Bollinger Bands are 32.40% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 

[Martin Kay]

US Dollar / Japanese Yen-USDJPY As of 18/01/17

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 115.3220

Enter New BUY on OPEN and exit BUY 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 white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 2 white candles versus 8 black candles with a net of 6 black candles.

The previous 50 candlestick bars, there are 25 white candles versus 25 black candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 19 day(s) ago. Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 2.29%, and has been fluctuating from a high of 118.599 to a low of 112.628.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently below 20. This is an indication of the security being in an "oversold" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 56 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 18 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.


The last Directional Movement Indicators (DMI) signal was a SELL 5 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 9 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 27.0%. Bollinger Bands are 10.38% narrower than normal. The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.