The dollar yen currency pair is continuing to consolidating nicely between the 100 and 101 area prior to pushing higher in next week’s trading, supported by all three moving averages which are now pointing upwards. This anticipated move received an extra boost yesterday with the...
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Yen To Dollar – Daily Chart 8th April 2009
Mmm! Yesterday’s candle neither confirmed nor denied the gapped up shooting star of Monday which we saw as a possible early warning that the market may have temporarily run out of steam before moving higher, with the bar finishing marginally higher and with a long,...
Trading Currencies – Yen To Dollar Daily Chart 7th April 2009
Yesterday’s candle has provided a contrarian signal to the bullish breakout that we saw confirmed in the last few days ending the day as a gapped up shooting star, clearly not the bullish signal one would have expected, and giving us a clear warning that...
