The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.
The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.
The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.
The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.
You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.
The USDJPY (or US Dollar Japanese Yen) currency pair represents American (from United States of America) and Japanese economies. Japanese Yen has a low interest rate and is normally used in carry trades. This is the reason why it is one of the most traded currencies worldwide. In this pair the US Dollar is the base currency and the Japanese Yen is the counter currency. The interest rate differential between the Federal Reserve (FED) and the Bank of Japan (BOJ) affect the value of these currencies. This pair is also known as trading the "ninja" and belongs to the group of 'Majors', the most important pairs in the world. Other currency pairs in this group also include the following currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD.