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Yen To Dollar – Daily Chart 8th April 2009

Mmm! Yesterday’s candle neither confirmed nor denied the gapped up shooting star of Monday which we saw as a possible early warning that the market may have temporarily run out of steam before moving higher, with the bar finishing marginally higher and with a long,...

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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...

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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...

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Yen To Dollar Weekly Chart – 23rd March 2009

Trading any yen cross at this time of year can be quite tricky as we approach Japan’s end of year on 31st March. Whilst last week’s candle confirmed the short term bearish sentiment it was less than convincing for two reasons:  firstly the lower shadow...

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