Which indicators are recommended for analyzing USDJPY on TradingView?

3 answers

• Dec 24, 2021 · 3 years ago
  One indicator that is commonly used for analyzing the USDJPY pair on TradingView is the Moving Average. It helps to identify trends and potential entry or exit points. Another useful indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. Additionally, the Bollinger Bands can be helpful in determining volatility and potential price reversals. Remember to use these indicators in conjunction with other analysis tools for a more comprehensive view of the market.
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• Dec 24, 2021 · 3 years ago
  When it comes to analyzing the USDJPY pair on TradingView, I personally find the Ichimoku Cloud indicator to be quite useful. It provides a holistic view of support and resistance levels, as well as trend direction. Another indicator that I often use is the MACD (Moving Average Convergence Divergence), which helps to identify potential trend reversals. Don't forget to customize the settings of these indicators to suit your trading style and time frame.
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• Dec 24, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of indicators to analyze the USDJPY pair on TradingView. Some popular choices include the Stochastic Oscillator, which can help identify overbought or oversold conditions, and the Fibonacci retracement tool, which can assist in identifying potential support and resistance levels. Remember to always consider multiple indicators and perform thorough analysis before making any trading decisions. Happy trading!
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