JPYUSD's Indicator enters downward trend
The Aroon Indicator for JPYUSD entered a downward trend on September 22, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 296 similar instances where the Aroon Indicator formed such a pattern. In of the 296 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on JPYUSD as a result. In of 116 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JPYUSD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where JPYUSD's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 80 cases where JPYUSD's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for JPYUSD just turned positive on September 21, 2023. Looking at past instances where JPYUSD's MACD turned positive, the stock continued to rise in of 90 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JPYUSD advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .
JPYUSD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
JPYUSD and
Correlation & Price change
A.I.dvisor tells us that JPYUSD and USDJPY have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that JPYUSD and USDJPY's prices could move in opposite directions.
| Ticker / NAME | Correlation To JPYUSD | 1D Price Change % | ||
|---|---|---|---|---|
| JPYUSD | 100% | N/A | ||
| USDJPY - JPYUSD | -100% Negatively correlated | N/A |