The daily chart for the dollar yen pair is possibly now creating a tentative head and shoulders pattern which could materialize into a fall in prices in due course to create the complete pattern. Yesterday’s daily candle was once again indecisive with a failed attempt...
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Yen To Dollar – Daily FX Chart 5th May 2009
With the Japanese market closed for the Golden Week Holiday we can expect little change to the current sideways trend in the yen to dollar pair typical of the past few days. With the moving averages now converging and little in the way of news...
Yen To Dollar – Daily Forex Chart 1st May 2009
Yesterday’s wide spread up bar which ploughed through all three moving averages now forces us to consider once again the feasibility of the dollar yen pair toying with the psychologically important 100 price point, but in all probability we are likely to see a period...
Yen to Dollar – Daily FX Chart 30th April 2009
Some glimmers of hope for the Japanese economy with the release earlier today of the PIP data (Preliminary Industrial Production) which surprised the markets by coming in at an encouraging 1.6% against a forecast of 0.8%, with output rising twice as fast as expected in...
Yen To Dollar – Daily Forex Chart 29th April 2009
With a national holiday in Japan all the fundamental news on the economic calendar for the dollar yen is in the US where Advance GDP figures have just been released and have come in worse than expected at -6.1% against a forecast of -4.8%, which...
Yen Dollar – Daily Forex Chart 27th April 2009
Friday’s candle finally broke below the small interim support platform which had held firm during the week and added a bearish tone overall to the dollar yen pair, closing below all three moving averages and with the 40 day now crossing the 9 day and...
Yen Dollar – Daily Forex Chart 23rd April 2009
The dollar yen pair continues to trade in a relatively narrow range consolidating neatly in yet more sideways movements, closing the day marginally lower and once again below all three moving averages. The low of the day added to this rebasing movement which now seems...
Yen to Dollar – Daily Chart 6th April 2009
As I had been suggesting all week we have finally had the decisive breakout that we have been waiting for on dollar yen pair with Friday’s close finishing above the psychological 100 mark, with all three moving averages now pointing to a move higher. This...
Yen Dollar – Daily Chart 3rd April 2009
Just a short post on the yen to dollar pair as the market waits for the NFP data and ISM data due out shortly. The bullish signal engulfing signal of yesterday would, on any other day, be sufficient to recommend a buy into the market...
Yen To Dollar – Daily Candle Chart 1st April 2009
With Japan’s fiscal year end now firmly out of the way, the Tankan survey the worst on record and yesterday’s bullish engulfing signal, coupled with the BOJ’s determination to have a weak Yen, we should now see a breakout to the upside through the resistance...
