Stock Information for USDJPY - 3h

#USDJPY #3h #Forex───────────

Ensemble model * Overview: The synthetic investment attractiveness indicator equals 23 (out of +/-100). The model ensemble suggests that trading will tend to be attractive in the nearest future. The synthetic directional indicator equals 53 (out of +/-100). The model ensemble is confident that the market will be bullish in the nearest future.

Optimal past * Optimal past: The optimal lookback period for modelling is currently 565 candles. The market is currently bullish, appreciating by 6.0% during the latest phase.

Elliot Waves * Elliot Waves: The market's trend has changed and currently goes down.

  • Elliot Waves Settings: Elliot Waves were updated. The current wavelength is 13.

Price Bound Modelling * HAR model at confidence level 95.0%: the HAR model forecasts volatility of 0.192% in the next candle, the price will fluctuate around 157.37 and with 95.0% probability will not go below 156.87 or above 157.86.

  • BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 157.36 and with 95.0% probability will not go below 156.92 or above 157.83.

  • Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 157.36 and with 95.0% probability will not go below 156.92 or above 157.84.

  • Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 157.61 and with 95.0% probability will not go below 145.51 or above 171.46.

  • Fibonacci with seven retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 158.88 at the level of 100.0%. The nearest Fibonacci support is 154.81 at the level of 76.4%.

  • Fibonacci with five retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 158.88 at the level of 100.0%. The nearest Fibonacci support is 152.29 at the level of 61.8%.

  • Fibonacci with four retracements: the price is likely to rebound downward from the nearest Fibonacci resistance of 158.88 at the level of 100.0%. The nearest Fibonacci support is 152.29 at the level of 61.8%.

  • MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 157.35 and with 95.0% probability will not go below 156.91 or above 157.86.

Forecast * MA model at confidence level 95.0%: the MA model forecasts a return of 0.014% in the next candle, the price will fluctuate around 157.37 and with 95.0% probability will not go below 156.68 or above 158.05.

  • AR model at confidence level 95.0%: the AR model forecasts a return of 0.014% in the next candle, the price will fluctuate around 157.37 and with 95.0% probability will not go below 156.88 or above 157.85.

Stability Indicators * Generalised extreme value: According to the indicator, the market is stable

  • Power law: According to the indicator, the stability of the market is uncertain

  • Student degrees of freedom: According to the indicator, the stability of the market is uncertain

  • Tukey lambda: According to the indicator, the stability of the market is uncertain

Seasonality test * Seasonality test: According to the generalised seasonality test, there are no seasonal effects on the market.

Distribution analysis * Best-fit distribution: Best-fit distribution has changed, and now it is Hyperbolic secant

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Not investment advice.

#USDJPY #3h #trading #Distribution analysis