Friday’s up candle in the yen to dollar currency pair came as no great surprise reversing that of Thursday, and continuing the metronomic and increasingly tedious sideways consolidation of the last few months, which at present shows little sign of ending. Indeed this morning’s price...
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Dollar Yen – Daily Chart USD/JPY 8th June 2009
The yen to dollar currency pair continue in their own sweet way with Friday’s candle ending the session on a wide spread up bar, penetrating the 40 day moving average and breaking back into the head of shoulders of the last few months, and 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 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...
Yen to Dollar – Daily Spot Chart 12th May 2009
With a classic “head and shoulders” pattern now forming in the daily chart for the dollar yen we now need to wait to see if the current downwards price action, as seen in yesterday’s wide spread down bar, continues, and in particular whether the price...
Dollar Yen – Daily FX Chart For Yen To Dollar 11th May 2009
The dollar yen continues to consolidate sideways and was one of the few pairs that failed to benefit from a sustained US dollar sell off on Friday. With all three moving averages intertwined and with daily candles showing little prospect of wide spread break outs...
Yen Dollar – USD/JPY Daily FX Chart 8th May 2009
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...
