Author: FX

The KDJ Indicator is a variation of the popular stochastic oscillator, designed to show overbought and oversold conditions in the market. It uses three lines—%K, %D, and %J to signal potential reversals and trend continuations. Traders can see momentum shifts before they happen, allowing them to react faster than relying solely on price action. Its simplicity makes it perfect for those who want a clear visual guide without overcomplicating their charts. How It Works The %K line represents the current market momentum, while %D smooths it to reduce false signals. The %J line, unique to KDJ, can move beyond the…

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USD/JPY was up 220 pips on Friday and that’s not what anyone in Japan wanted to see. As bad as that looks, the reality is worse.The persistent strength of the US dollar against the yen since mid-year is increasingly problematic and Friday we might have hit a boiling point. That’s because top Japanese officials did two things that would normally support the yen and the opposite happened. It highlights a market with abundant sellers that are unafraid.First, the Bank of Japan hiked rates to 0.75%. That’s the highest in 30 years and though the move was widely (though not totally)…

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