USDJPY: Turning again?!
USDJPY just went through a big wave, and now, it’s making an ascending triangle. The reason for the pattern to be an ascending triangle is that it already has two clear waves, and we can see it basically within the trendlines.
Although the volume could be subjective, it offers a reference idea. As can be seen, the volume was lower and people started to believe that the price could go up.
The Bollinger bands shrunk, which means the price could make some big changes soon. I would say that the big change could be after the ascending triangle.
The RSI does not show any clear signals, and we can see the value remains at around 52.2 level, which is a middle number. But the MACD shows an upward trend, although the upward trend is mild, it still indicates that the price could go up again.
Let’s expect the price to go up.
Although the volume could be subjective, it offers a reference idea. As can be seen, the volume was lower and people started to believe that the price could go up.
The Bollinger bands shrunk, which means the price could make some big changes soon. I would say that the big change could be after the ascending triangle.
The RSI does not show any clear signals, and we can see the value remains at around 52.2 level, which is a middle number. But the MACD shows an upward trend, although the upward trend is mild, it still indicates that the price could go up again.
Let’s expect the price to go up.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.