2013.11.15 | USDJPY Market Analysis
USDJPY Trends & Fibonacci Retracement Levels
The USDJPY currency pair has been rising sharply in forex market trading today with the USDJPY registering a high of 100.425 and a low of 99.931 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over our favored short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in a slight downtrend and changing course fast.
USDJPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 193.6 pips
30-day current trend is BULLISH / Trend strength of 218.9 pips
60-day current trend is BEARISH / Trend strength of -30.1 pips
90-day current trend is BEARISH / Trend strength of -28.5 pips
180-day current trend is BULLISH / Trend strength of 129.2 pips
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
