Tag: forex spot

The dollar yen continues to struggle higher but without any great conviction at present with yesterday’s down candle symptomatic of this lack of momentum at present.  However, the low of yesterday did find some support from the 9 day moving average and this pattern appears...

Last week’s failure by the yen to dollar pair to breach the 200 day moving average proved to be a key turning point with the pair reversing sharply lower this week and once again breaking below all four moving averages.  This price action mirrors that of...

Following the tweezer top reversal candle pattern of earlier in the month, the dollar yen chart pair has continued to slide lower, once again moving below all three of our short term moving averages (9,14 & 40 day) as well as the 200 day,  and...

The dollar yen chart reacted in typical fashion last week as the Bank of Japan interevened in the currency markets once again, once the currency approached and then touched the 85 trigger resulting in the BOJ taking some positive action.  To regular currency traders such...

The dollar yen chart is now at 14 year low as traders & investors piled into the Yen on a tumultous day on the currency markets.   The dramatic rise in the Yen has prompted Hirohisa Fujii, Japan’s finance minister,  to say that ” he was...

Another day of indecision and uncertainty on the dollar yen chart, which ended the trading session with a repeat of Friday as a smalldoji cross candle, as the currency pair trade in a very tight range. As outlined in last week’s currency market commentary for...

Technically we are once again approaching that dangerous level on the dollar yen chart as the price action moves towards the 88.00 price point , which triggered the previous intervention from the Bank of Japan to prevent the Japanese yen strengthening further thereby damaging its...

The yen to dollar pair continues to grind lower as we now begin to approach the 88.50 price level where the previous move found some support for a bounce higher, and it would come as no surprise, given the Bank of Japans interventionist approach to...

The three candle hanging man pattern was duly confirmed yesterday with the yen to dollar pair ending the trading session with a wide spread down candle, which closed marginally below all three moving averages, and suggesting that the recent rally may have come to a...