News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
USD/JPY

USD/JPY

Thomas Long, Course Instructor

The USD/JPY may offer such a situation. The daily chart shows lower highs and lower lows, but it is the high SSI reading that has really caught my attention. This ratio has been above +5 for at least a week which means that there are five open buys for every open sell at FXCM. Unfortunately, this is a contrarian signal which means that we should look for more downside. Here is a link to a video which explains more, but I would continue to look for sells as long as the pair remains below the 89.144 high noted on the chart.

usdjpy 721

 

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES