The yen to dollar currency pair continue to be one to avoid, as the messy and erratic trading pattern of the last few weeks continues unabated, with a repeated whipsaw of prices in the $94 to $98 price region, which ( in my view) is...
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Yen To Dollar – USD vs JPY Daily Chart 3rd June 2009
There is very little that I can add, to my analysis from yesterday in the daily commentary for the yen to dollar pair, and my advice therefore remains the same – stay out of this pair until further notice! Once again the market reversed, closing...
Yen To Dollar – Dollar Yen Daily Chart 2nd June 2009
The yen to dollar currency pair continues to thrash around in the 95-97 price region creating a dangerous whipsaw on the daily chart making trading virtually impossible with yesterday’s candle exemplifying the struggle with deep wicks to top and bottom and a wide spread up...
Yen To Dollar – USD vs Yen Monthly Chart 1st June 2009
As we begin a new month I thought it would be apposite to review the progress of the yen to dollar currency pair and, in particular, to take a look at the monthly chart which should provide us with a different perspective on where we...
Yen To Dollar – USD vs JPY Daily Chart 28th May 2009
With a raft of fundamental news on the economic calendar for the Japanese Yen today’s currency trading could be marked by extreme volatility and surprising moves which may conflict with the technical picture, particularly as several markets are closed for the Dragon Boat national holiday. ...
Dollar Yen – Daily Chart For US Dollar Japanese Yen 26th May 2009
With little in the way of fundamental news on the economic calendar for either the US dollar and Japanese Yen currency traders are looking to the bigger geopolitical picture for a degree of direction. Looking back on last week’s price action for the dollar yen...
Dollar Yen Daily Chart – USD/JPY Chart 22nd May 2009
The daily chart for the dollar yen provides us with several interesting aspects to consider from a technical viewpoint and, more importantly, some excellent trading opportunities in the short term. The first important point to note is that we have now broken below the neckline...
Yen to Dollar Daily Fx Chart 19th May 2009
Yesterday’s short squeeze higher provided excellent opportunities for opening short positions in anticipation of a deeper move lower now that we have cleared the neckline of the head and shoulders pattern (BOJ nothwithstanding), and provided we do not see a move higher above the moving...
Dollar Yen Daily Forex Chart – 18th May 2009
Friday’s wide spread down candle provided a significant signal in the daily chart for the dollar yen as the close of the day finished below the neckline of the head and shoulders pattern which has been forming for the past few months, and now provides...
Dollar vs Yen – Daily Spot Market Chart 13th May 2009
With the dollar yen now approaching the neckline of the head and shoulders pattern of the last two months we can now begin to think about the possibility of short positions in this currency pair should this price region be broken in due course. Yesterday’s...
