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Dollar Yen – Daily Candle Chart 26th March 2009

Yesterday’s candle confirmed once again how strong the resistance is proving to be at the current level and whilst the closing price finished above all three moving averages it simply reinforced the sideways consolidation of the last few weeks.  I can only reiterate my advice...

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Dollar Yen – 18th February 2009

The rally in the dollar yen continued yesterday, and hopefully you followed my suggestion with small long positions, which is the same advice for today. Looking at the daily chart, the candle from yesterday was an up bar with tall three moving averages providing solid...

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Yen to Dollar – 11th February 2009

Following my analysis yesterday of the ‘dark cloud over’ candle, indicating the beginning of a bearish move, this was indeed confirmed yesterday with a wide spread down bar candle, so it seems that the breakout of last week was a false move in the dollar...

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