• Yen Gets No Help From Hot GDP;Euro-Dollar at a Standstill? May 16th, 2008, 06:39 - DFX (Length: 2552)
• BRIEFING - ASIA FOREX - MAY 16, 2008 May 16th, 2008, 06:20 - APU (Length: 4063)
• JAPANESE NEWSPAPER HIGHLIGHTS - MAY 16, 2008 May 16th, 2008, 05:30 - APU (Length: 3287)
• FOREX - US DOLLAR ENDS LOWER AGAINST YEN - MAY 16, 2008 May 16th, 2008, 05:29 - APU (Length: 94)
• FOREX - AUSTRALIAN DOLLAR FIRMER AT NOON - MAY 16, 2008 May 15th, 2008, 23:23 - APU (Length: 2271)
• SBP conversion rates May 15th, 2008, 23:12 - APD (Length: 465)
• Forex -U.S. dollar mixed in Sydney after overnight gains; yen firmer after GDP May 15th, 2008, 21:22 - XFN (Length: 3465)
• FOREX - US DOLLAR ENDS FIRMER AGAINST RUPEE - MAY 15, 2008 May 15th, 2008, 19:52 - APU (Length: 291)
• FOREX - US DOLLAR ENDS LOWER AGAINST YEN - MAY 15, 2008 May 15th, 2008, 04:48 - APU (Length: 95)
• MNB to act in case of emergency May 15th, 2008, 03:54 - NWP (Length: 807)

[ More Japanese Yen News ]

Analysis

Fri 5/9/08

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: CAUTION: The market trend has changed direction. Now the trend is UP!

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: Even though based on conventional interpretation the market is technically bearish, we will not classify it as extremely bearish until the following occurs: price goes below the fast moving average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: Even though based on conventional interpretation the market is technically bullish, we will not classify it as extremely bullish until the following occurs: the fast moving average slope is up from the previous bar, price goes above the fast moving average, price goes above the slow moving average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an oversold condition. An oversold reading occurs when the close is nearer to the bottom band than the top band.

Additional Analysis: The market is oversold and appears to be finding some support. Look for a bottom in this area.

Volatility Indicator: Volatility is trending up based on a 9 bar moving average.

Momentum Indicator:

Conventional Interpretation: Momentum (5.00) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Momentum is in bullish territory.upside move is likely.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (0.05) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. Rate of Change is in bullish territory.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (8.88) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (8.88) is currently long. The current long position position will be reversed when the CCI crosses below zero.

RSI Indicator:

Conventional Interpretation: RSI is in neutral territory. (RSI is at 55.57). This indicator issues buy signals when the RSI line dips below the bottom line into the oversold zone; a sell signal is generated when the RSI rises above the top line into the overbought zone.

Additional Analysis: RSI is somewhat overbought (RSI is at 55.57). However, this by itself isn't a strong enough indication to signal a trade. Look for additional evidence before getting too bearish here.

MACD Indicator:

Conventional Interpretation: MACD is in bearish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is DOWN. MACD is in bearish territory.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: No indications for volume.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is DOWN. Volume is trending lower. In general this is bearish.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed above the SlowD line; this indicates a buy signal.

Additional Analysis: The long term trend is UP. The short term trend is UP. SlowK was up this bar for the first time in a while. Its possible that we may see an up move here. if next bar's SlowK is also up, then a possible bottom may have been established. The market looks strong both long term and short term. The SlowK is at (37.01). A good upward move is possible without SlowK being overbought.

Stochastic - Slow Indicator:

Conventional Interpretation: The stochastic is bearish because the SlowK line is below the SlowD line.

Additional Analysis: The long term trend is UP. The short term trend is UP. SlowK was up this bar for the first time in a while. Its possible that we may see an up move here. if next bar's SlowK is also up, then a possible bottom may have been established. The market looks strong both long term and short term. The SlowK is at (36.47). A good upward move is possible without SlowK being overbought.

Swing Index Indicator:

Conventional Interpretation: The swing index has crossed zero, identifying this bar as a short term pivot point.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.