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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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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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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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Yen To Dollar – 5th March 2009

Well, we are inching closer to the target at $100, but very slowly, and what is causing me some concern is the body of each candle is starting to decrease which is not a good sign. Tuesday’s candle was a nice wide spread up bar,...

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