Forex Trading Analysis – Yen To Dollar 31st August 2009
Forex Technical Analysis
The yen to dollar pair continued their stately progress lower last week, as they continue to slide lower in a series of lower highs and lower lows as shown on today’s forex chart for the currency pair, with Friday’s candle reinforcing this bearish [...]
Forex Technical Analysis
Today’s candle on the dollar to yen forex chart ended a typically choppy forex trading session with a narrow spread up bar with a deep upper shadow to the small body suggesting that we may well see a fall in the dollar yen tomorrow as a result. This bearish technical picture is [...]
Friday’s price action on the dollar to yen daily chart ended the session on an enormous up bar totally at variance with the technical picture which to all intents and purposes pointed to yet further sideways consolidation. This week is an interesting for fundamental news on the economic calendar for both the US and Japan. [...]
There is very little I can add to any of my previous comments for the yen to dollar currency pair other than it continues to thrash around in the 94 to 96 price band and shows little sign of finding any direction in the short term. Indeed last week’s close of a classic doji candle [...]
The yen to dollar currency pair continues to trade in its own idiosyncratic and tiresome fashion which almost beggars belief and provides few trading opportunities other than a strategy based on simply flipping a coin! The only thing one can say at present is that the strong resistance in the 95 plus region seems to [...]
The yen to dollar pair continued to move sideways yesterday ( just for a change) closing the session with an up candle this time, which reversed the losses of Tuesday and reinforcing the lack of direction so prevalent in the last few months. It is interesting to note however that the 95.50 seems to be [...]
The indecision in the market that I mentioned on Friday is clearly evident in the weekly candle chart which closed with a long legged doji midway between the 9 week and 40 week moving average. The high of the week failed to match the previous week’s high suggesting that we are now entering a week [...]
As it’s a new week, I’ve taken the weekly chart in order to provide a different perspective on our trading for this week. As I mentioned last week, my long term trade was stopped out, so I am now looking to re-enter the market at some point, and as a general rule, I use the [...]
The breakout to the upside that we saw two weeks ago, continued last week with strong momentum in the volume, and a wide spread up candle on the week, which provided significant trading opportunities on an intra day basis. As I mentioned some time ago, I entered the market with a long position some weeks [...]
Last weeks wide spread up candle, suggests that the uptrend is likely to continue this week, following the breakout from the sideways price action of the last few weeks, with prices now above both the 9 week and 14 week moving average. There is little resistance directly ahead on the weekly chart, so there is [...]
Last week’s candle was interesting, not because it has given us a clear signal, but more because it has provided the first sign ( a small difference I know, but important nevertheless). Firstly the closing price on the week closed above both the 9 day and 14 day moving averages. Secondly the price fall was [...]
Last week’s candle for the dollar yen, has at last provided some respite from the remorseless sideways movement of the last few weeks with a sharp move up on Thursday, leaving us with a wide spread up bar on the week. The closing price on Friday penetrated the 9 week moving average, but not the [...]
Last week’s candle was an up bar, but unfortunately one that tells us little about the future direction for the yen dollar pair, other than we can probably expect more sideways movement this week as it hovers between 88.00 and 91.00. As I mentioned in one of my reports last week, we do have the [...]
