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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 – Daily Chart 20th March 2009

Yesterday’s wide spread down bar confirmed the bearish engulfing signal of Wednesday and temporarily pierced the 40 day moving average before closing marginally above on the day.  The tone of the yen to dollar pair is now heavily bearish and it is only a matter...

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Yen To Dollar – Daily Candle Chart

If you are following me on this trade, then I would suggest you move your stop loss higher ( if you haven’t already), following yesterday’s wide spread up candle, which has followed through in this mornings trading here in London. As I mentioned in yesterday’s...

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Dollar Yen Currency – 3rd March 2009

Following yesterday’s doji on the daily chart with a small red body, prices have started to rise again today,and provided we can clear through the resistance in the immediate area, then there is no reason to suppose that we shouldn’t see a move back towards...

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Yen To Dollar – 27th February 2009

With four days of strong gains, we are seeing some profit taking entering the market this morning with prices off the current highs. As suggested earlier in the week, we met our target of $98.50 yesterday, and the daily candle was another wide spread up...

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