Thursday, 28 May 2015

USD/JPY, A Chance On The Yen


From yesterday technical analysis we were able to deduce that USD/JPY will reach the 124.000 mark the next 12 hours, And yes it did by 9;52 it went to 124.085 of course we know the overpowering nature of the dollar over the yen, without much further ado, we can say towards the end of next week a bearish trend we befall the USD/JPY we can stake on this by 122.083,
Below is a look at the technical indicator from investing.com

NameValueAction
RSI(14)49.523Neutral
STOCH(9,6)30.823Sell
STOCHRSI(14)14.129Oversold
MACD(12,26)0.080Buy
ADX(14)23.146Buy
Williams %R-72.289Sell
CCI(14)-56.8910Sell
ATR(14)0.2671Less Volatility
Highs/Lows(14)-0.0579Sell
Ultimate Oscillator39.092Sell
ROC0.170Buy
Bull/Bear Power(13)-0.0720Sell
we can see the sell out-weight the buy, as the neutral, oversold and less volatile drives to uncertainty. We must say it a bit fair for the market after a two weeks on a row bearish trend.