CANDLESTICK
Case Study 0018: Dark Cloud Cover and Hanging Man After a Sharp Ascent (USD/JPY)
After a sharp rise of approximately 1.8 percent within an 18-hour timeframe, the USD/JPY presented a dark cloud cover and a hanging man candle line.
US Dollar / Japanese Yen
CANDLESTICK
After a sharp rise of approximately 1.8 percent within an 18-hour timeframe, the USD/JPY presented a dark cloud cover and a hanging man candle line.
CANDLESTICK
After a decline, the USD/JPY displayed a tower bottom. Then the market exploded to the upside, signaling robust buying pressure.
ANALYSIS
We cover the primary forces that have influenced the trajectory of the USD/JPY since 2009 and conclude by delving into potential factors that could steer the future of this market.
USDJPY
After an extended downtrend, the USD/JPY exhibited an exceptionally long red candle followed by a doji.