Dollar - Japanese Yen Analysis Analysis

Evening Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

The Japanese yen hit a one week high earlier in the Asian today although the Greenback became stronger in the European session despite worse than expected Initial jobless claims for the week and yesterday’s disappointing durable goods orders. Bullish traders further took cues from a goodish rebound in the US Treasury bond yields, which coupled with a sharp retracement in the British Pound, helped revive the US Dollar demand and remained supportive of the up-move. Reports that the Japanese government is considering a slight downgrade in its monthly economic assessment report for March, citing falling exports and slower demand from China, weighed heavily on the Japanese Yen.

Technical analysis

Dollar - Japanese Yen Analysis Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

USDJPY Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 112.00 Daily R2
Resistance 1 111.80 Daily R1
Support 1 111.40 Daily S1
Support 2 111.17 Daily S2

USDJPY Indicator Table - 14/03/2019

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Buy
Stochastic ( 9;6;3) Sell

USDJPY Indicator / Period Table - 14/03/2019

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuySell
RSI (14) Buy NeutralNeutral
SMA 20 Buy BuyBuy

USDJPY 14/03/2019 - Reference Price : 111.63

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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