USD/JPY DAILY as of Tuesday, 26 March, 2013
The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal. SAR signal was a Sell 2 days ago.
The close is currently
ABOVE its 200 daily moving average
ABOVE its 50 daily moving average
BELOW its 20 daily moving average
The current market condition for US Dollar / Japanese Yen is Bullish
A Daily black body has formed (because prices closed lower than they opened).
For the past 10 Daily candlestick bars as of 25/03/2013, there are 3 white candles versus 7 black candles with a net of 4 black candles.
For the past 50 Daily candlestick bars as of 25/03/2013, there are 24 white candles versus 26 black candles with a net of 2 black candles.
Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily black crows, the steady downward pattern is bearish.