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Technical Analysis
Daily Technical analysis
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[QUOTE="Martin Kay, post: 117739, member: 25911"] [B][U]Weekly US Dollar / Japanese Yen-USDJPY [/U][I][U]As of 23/12/16[/U][/I][/B] A [I]black body[/I] has formed as prices closed lower than open. The previous 10 [B]candlestick bars[/B], there are 7 white candles versus 3 black candles with a net of 4 white candles. The previous 50 [B]candlestick bars[/B], there are 28 white candles versus 22 black candles with a net of 6 white candles. [B]MACD[/B] is [B]BULLISH[/B] as the [B]MACD[/B] is above the signal line. The [B]MACD[/B] [B]crossed [/B]above the signal line 17 week(s) ago. Since the [B]MACD[/B] 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 [B]MACD[/B] is currently not in an Overbought/Oversold range. There have been no [B]divergence [/B]signals during the last 5 periods. The [B]Stochastic Oscillator [/B]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 [B]RSI[/B] is above 70. This is where it usually tops. The [B]RSI[/B] usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the [B]RSI[/B] moves out of an overbought/oversold area. The last signal was a Buy 23 week(s) ago. Currently the [B]RSI[/B] does not show any Failure Swings. The [B]RSI[/B] and price of US Dollar / Japanese Yen are not diverging. Currently, the [B]Momentum Oscillator[/B] is in an [B]overbought[/B] condition. The last [B]Directional Movement Indicators (DMI)[/B] signal was a [B]BUY[/B] 5 week(s) ago. There were no [B]SAR[/B] signals generated today. The last[B] SAR[/B] signal was a [B]Buy[/B] 8 week(s) Ago. The close is currently [B]ABOVE[/B] its 200 weekly moving average [B]ABOVE[/B] its 50 weekly moving average [B]ABOVE[/B] its 20 weekly moving average The current market condition for US Dollar / Japanese Yen is [B]Very Bullish[/B] US Dollar / Japanese Yen closed below the upper [B]Bollinger Band[/B] by 2.5%. [B]Bollinger Bands[/B] are 120.22% wider than normal. [/QUOTE]
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