Archive for December, 2008
Usd/Jpy Technical Analysis for 31st December 2008
Posted on31. Dec, 2008 by admin.
The pair has been range-trading for a while now, with no specific direction. The Daily chart’s RSI providing us with mixed signals. All oscillators on the 4-hour chart do not provide a clear direction as well. Traders are advised to wait for a clearer sign on the hourlies before placing transactions.
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Usd/Jpy Technical Analysis for 30th December 2008
Posted on30. Dec, 2008 by admin.
The pair has been range-trading for a while now, with no specific direction. The Daily chart’s Slow Stochastic providing us with mixed signals. All oscillators on the 4 hour chart do not provide a clear direction as well. Waiting for a clearer sign on the hourlies might be a good strategy today.
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Usd/Jpy Technical Analysis for 29th December 2008
Posted on29. Dec, 2008 by admin.
The 4 hour chart is showing that the pair still does not have a distinct direction, as the chart appears to be quite horizontal for the past week. However, a bearish cross on the daily chart’s Slow Stochastic implying that a possible next move might be a bearish one. Going short with very tight stops [...]
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Usd/Jpy Technical Analysis for 23th December 2008
Posted on23. Dec, 2008 by admin.
The pair has been range-trading for a while now, with no specific direction. Hourly chart’s Slow Stochastic providing us with mixed signals. 4 hour chart does not provide a clear direction as well. Traders are advised to wait for a clearer signal on the hourly level before placing orders today.
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Usd/Jpy Technical Analysis for 22nd December 2008
Posted on22. Dec, 2008 by admin.
The pair has been range-trading for a while now, with no specific direction. The Daily chart’s Slow Stochastic providing us with mixed signals. All oscillators on the 4 hour chart do not provide a clear direction as well. Waiting for a clearer sign on the hourlies might be a good strategy today.
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Usd/Jpy Technical Analysis for 19th December 2008
Posted on19. Dec, 2008 by admin.
After bottoming at 87.70 two days ago, the pair now shows local signs of a correction. The 4 hour chart is showing that the bullish move might not have enough steam in it, and that the bearish trend will probably resume before the weekend. Selling on highs might be a good strategy today.
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Usd/Jpy Technical Analysis for 18th December 2008
Posted on18. Dec, 2008 by admin.
The hourlies chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the Daily Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.
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Usd/Jpy Technical Analysis for 16th December 2008
Posted on16. Dec, 2008 by admin.
The 4 hour chart is showing mixed signals with its Slow Stochastic fluctuating at the neutral territory. However, the Daily Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops appears to be preferable strategy.
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Usd/Jpy Technical Analysis for 15th December 2008
Posted on15. Dec, 2008 by admin.
It appears that the bearish trend may have run out of strength as the current price level has dropped the pair into the under-bought territory on the daily chart’s RSI. The pair also currently sits near the bottom border of the daily chart’s Slow Stochastic, suggesting a correction may be imminent. Going long with tight [...]
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Usd/Jpy Technical Analysis for 12 December 2008
Posted on12. Dec, 2008 by admin.
The Daily chart’s showing that the pair is still in the bearish configuration; however, the RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops appears to be preferable strategy.
