VIT Daily Analysis
Review of US Dollar / Japanese Yen (USDJPY)
as of 11/11/14
Volatility Analysis
On 11/11/14, US Dollar / Japanese Yen closed up 1.1350 at 115.8460
Period Statistical Change
10-period 16.7145 -0.07
21-period 14.6486 -0.20
39-period 13.3214 -0.24
90-period 10.0121 0.10
Bollinger Bands are 253.48% wider than normal. US Dollar / Japanese Yen is currently experiencing very high volatility as compared to its normal range. The probability of volatility decreasing and prices consolidating is likely in the near future.
Momentum Indicators
Stochastic Oscillator
The Stochastic Oscillator is 73.0290. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.
Relative Strength Index (RSI)
The current value of the RSI is 80.24.This is where it usually tops which often occurs before the underlying asset. The last signal was a sell 29 period(s) ago.
Commodity Channel Index (CCI)
The current value of the CCI is 92. This is not a topping or bottoming area.The last signal was a sell 1 period(s) ago.
MACD Momentum Indicator
The Moving Average Convergence/Divergence INDICATOR (MACD) crosses its 9 period signal line which triggers a buy 12 period(s) ago.
Trend Analysis
Aroon
There were no Aroon signals generated today. The last signal was a Buy 9 period(s) ago.
Directional Indicator
There were no Directional Indicator signals generated today. The last signal was a Buy 13 period(s) ago.
MACD Trend Signal
There were no MACD Trend signals generated today. The last MACD Trend signal was a Buy 9 period(s) ago.
Stop and Reverse (SAR)
There were no SAR signals generated today. The last signal was a Buy 13 period(s) ago.
Summary
The current market condition for US Dollar / Japanese Yen is: Very Bullish
The close is currently above its 200 period moving average.
The close is currently above its 90 period moving average.
The close is currently above its 30 period moving average.
US Dollar / Japanese Yen(USDJPY)
Analysis of activity through 11/11/14
close: 115.8460
The current trend is up and all orders on the long side may be considered. The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.
If already holding long positions, we would look to partial profits on any retracement to 108.8570. Traders with remaining long positions after profit taking should consider placing exit stops in the region of 107.6010. Be prepared for a potential short term price fall back to the 113.1846 area.