Free Japanese yen With United States Dollar (JPYUSD(Forex)) Technical Analysis Signals

Overal Signal
Hold
Signals
Neutral Buy Hold Hold
Last Update / Period
06 Dec / Daily
Category/Currency
Forex/USD
Exchange/Country
FX/--

Japanese yen With United States Dollar (JPYUSD(Forex)) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of Japanese yen With United States Dollar (JPYUSD(Forex)), considering 256 signals with intricate details. Here are the key findings: 100 signals suggested buy strategies, while 40 indicated sell strategies. The remaining 116 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 15
Sell Signals: 19
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 28
Sell Signals: 6
Neutral Signals: 30
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 28
Sell Signals: 8
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 29
Sell Signals: 7
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 100
Sell Signals: 40
Neutral Signals: 116
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Japanese yen With United States Dollar (JPYUSD(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Japanese yen With United States Dollar (JPYUSD(Forex)) on , there appears to be a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and investment decisions should be made carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


Based on the signals, we offer the following recommendations:

Japanese yen With United States Dollar (JPYUSD(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, based on the consensus of our technical analysis signals, it is advised to maintain your current position with increased vigilance and caution. However, always be careful and closely monitor market developments.

Japanese yen With United States Dollar (JPYUSD(Forex)) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to carefully time your exit based on the combination of technical analysis signals. If you have a high risk tolerance, consider waiting for potential market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it is advisable to consider the projected price range. This range represents a potential upside of 7.55%, determined by the highest predicted price. However, before initiating a buy position, conduct thorough research to ensure it fits your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial to managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend using the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions regarding your **Japanese yen With United States Dollar (JPYUSD(Forex))** holdings.

Japanese yen With United States Dollar (JPYUSD(Forex)) Price Analysis and Resistance Levels:

Given our current long position in Japanese yen With United States Dollar (JPYUSD(Forex)), analyzing key resistance levels is crucial to better understand its price movement. These resistance levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (0.00689): The primary hurdle is the 0.00689 price level. If the prevailing trend remains unchanged, Japanese yen With United States Dollar (JPYUSD(Forex)) could break above this level, indicating its strength and potential for further growth.

Second resistance level (0.00716): If the upward trend shows significant strength, Japanese yen With United States Dollar (JPYUSD(Forex)) may cross the second resistance level at 0.00716, signaling a significant upside move and a promising direction for our position.

Third resistance level (0.00728): For a more comprehensive analysis, we should consider a scenario where Japanese yen With United States Dollar (JPYUSD(Forex)) not only breaks the second resistance level but also holds its price above this benchmark. If this trend continues in the coming days, it could pave the way for Japanese yen With United States Dollar (JPYUSD(Forex)) to reach the third resistance level at 0.00728.
It's crucial to monitor these resistance levels closely and understand them within the context of overall market trends and indicators. To make informed decisions while trading Japanese yen With United States Dollar (JPYUSD(Forex)), stay alert and continuously analyze the market. By considering these resistance levels and broader market dynamics, you can make smarter trading choices and better adapt to the evolving nature of this market.

Japanese yen With United States Dollar (JPYUSD(Forex)) technical analysis chart

Japanese yen With United States Dollar (JPYUSD(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.00689 0.00716 0.00728 0.00784 --
Support 0.00657 0.00616 -- -- --
 Japanese yen With United States Dollar (JPYUSD(Forex)) Support and Resistance area (06 Dec)

Japanese yen With United States Dollar (JPYUSD(Forex)) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Japanese yen With United States Dollar (JPYUSD(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Hold NeutralHoldHoldHold
2 04 Dec Hold NeutralHoldHoldHold
3 03 Dec Hold HoldHoldHoldHold
4 02 Dec Hold HoldHoldHoldHold
5 01 Dec Hold HoldHoldHoldHold
6 29 Nov Hold HoldHoldHoldHold
7 28 Nov Hold HoldHoldHoldHold
8 27 Nov Buy HoldHoldHoldBuy
9 26 Nov Buy HoldBuyBuyNeutral
10 25 Nov Buy BuyNeutralNeutralNeutral
11 22 Nov Sell NeutralSellSellHold
12 21 Nov Buy BuyNeutralNeutralHold
13 20 Nov Hold NeutralHoldHoldHold
14 19 Nov Hold NeutralHoldHoldHold
15 18 Nov Hold NeutralHoldHoldHold
16 17 Nov Hold NeutralHoldHoldHold
17 15 Nov Hold NeutralHoldHoldHold
18 14 Nov Hold HoldHoldHoldHold
19 13 Nov Hold HoldHoldHoldHold
20 12 Nov Hold HoldHoldHoldHold
21 11 Nov Hold HoldHoldHoldHold
22 10 Nov Sell SellSellHoldHold
23 08 Nov Hold NeutralNeutralHoldHold
24 07 Nov Hold HoldHoldHoldHold
25 06 Nov Sell SellSellSellHold
26 05 Nov Hold HoldBuyNeutralHold
27 04 Nov Sell HoldNeutralSellHold
28 03 Nov Buy BuyHoldNeutralHold
29 01 Nov Hold NeutralHoldHoldHold
30 31 Oct Buy BuyHoldHoldHold

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