Yesterday’s candle hardly provided a ringing endorsement to the breakout of last week, with a ‘dark cloud over’ pattern appearing, on the daily chart. The dark cloud over consists of two candles, an up bar as we saw on Friday, followed by a down bar...
Dollar Yen – Daily Candle Chart 9th February 2009
Thursday’s breakout on the daily chart for the dollar yen, was followed on Friday by a wide spread up bar which has finally provided us with some direction for our intra day trading with all the daily averages now pointing to a move higher. The...
Yen To Dollar – 6th February 2009
Finally something positive to say about the yen to dollar pair! Yesterday it finally happened, as I have been suggesting for some time now, and we saw a volatile breakout from the pennant pattern of the last three weeks with a wide spread up bar....
Yen To Dollar – Japanese Economy
Dollar Yen ( USD/JPY) – 5th February 2009
Following on from yesterday, the sideways movement continues unabated! ( exactly the same situation as on the usd cad, another currency pair I follow closely). As we saw yesterday the pennant is now forming with lower highs and higher lows, consolidating around the $90 region,...
Yen To Dollar ( USD/JPY) – February 4th 2009
As you will see from today’s chart for the dollar yen pair, I have added two lines to show the pennant that is now forming, with lower highs and higher lows, as we move towards the point of the pennant at around $90. Yesterday’s candle...
Yen To Dollar (USD/JPY) – Daily Chart 3rd February 2009
There is very little I can say about the dollar yen pair, that I haven’t already said before ( several times!) Please stay out of this pair for the time being, and certainly until we see any form of breakout to the upside or downside...
Dollar Yen – Monthly Candle Chart 2nd February 2009
usd jpy currency trading monthly chart
Yen Dollar – Weekly Chart 2nd February 2009
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...
Yen To Dollar (USD/JPY) – February 2nd 2009
dollar yen currency pair trading sideways