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...
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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...
Yen Dollar – Daily FX Chart USD/JPY 7th May 2009
With Japan now back from their Golden Week Holiday, yesterday provided some much needed price movement in the dollar yen pair which although indecisive, was nevertheless welcome. The daily candle closed above all three moving averages having first tested all three and bounced off the...
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...
Dollar Yen – Daily Chart 15th April 2009
USD/JPY – FX Chart Daily Candle 15th April 2009 With the platform now in place for a move higher in the dollar yen pair, yesterday’s wide spread down bar which closed below both the 9 and 14 day moving averages came as a minor blip...
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,...
Trading Currencies – Yen To Dollar Daily Chart 7th April 2009
Yesterday’s candle has provided a contrarian signal to the bullish breakout that we saw confirmed in the last few days ending the day as a gapped up shooting star, clearly not the bullish signal one would have expected, and giving us a clear warning that...
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...
