Archive for January, 2009
Usd/Jpy Technical Analysis for 30th January 2009
Posted on30. Jan, 2009 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.
Continue Reading
Usd/Jpy Technical Analysis for 27th January 2009
Posted on27. Jan, 2009 by admin.
The 4-hour chart is giving mixed signals with its RSI floating in neutral territory. However, the hourly chart’s Slow Stochastic is showing quite a strong bullish momentum and the RSI confirms that the direction is indeed up. Going long with tight stops is a preferred strategy today.
Continue Reading
Usd/Jpy Technical Analysis for 19th January 2009
Posted on19. Jan, 2009 by admin.
There is a very distinct bullish formation continues on the hourly level, as the pair is now floating in its lower section. In addition, all oscillators on the daily chart are pointing up, suggesting that the bullish move might extend. Going long might be the right strategy today.
Continue Reading
Usd/Jpy Technical Analysis for 15th January 2009
Posted on15. Jan, 2009 by admin.
It appears a bullish cross has occurred on the daily chart’s Slow Stochastic, indicating an upward correction may occur in the near future. The Bollinger Bands on the hourly chart also appear to be tightening, indicating a sharp movement may occur later today. Going long with tight stops might be the right choice today.
Continue Reading
Usd/Jpy Technical Analysis for 13th January 2009
Posted on13. Jan, 2009 by admin.
The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4 hour 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.
Continue Reading
Usd/Jpy Technical Analysis for 12 January 2009
Posted on12. Jan, 2009 by admin.
The pair is in the middle of a very intensive downtrend that started a week ago and shows great momentum that on a bigger scale appears to have more room to run. Currently, all oscillators on the 4 hour chart are pointing down and it seems that going short will be the right choice today.
Continue Reading
Usd/Jpy Technical Analysis for 8th January 2009
Posted on08. Jan, 2009 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.
Continue Reading
Usd/Jpy Technical Analysis for 7th January 2009
Posted on07. Jan, 2009 by admin.
It appears that the price is floating in the over-bought territory on the RSI of both the 4-hour and daily chart, indicating a downward movement is imminent. A violent breach of the upper border on the daily chart’s Bollinger Bands supports this notion. Going short appears to be the right strategy today.
Continue Reading
Usd/Jpy Technical Analysis for 6th January 2009
Posted on06. Jan, 2009 by admin.
The bullish trend is loosing its steam and the pair seems to consolidate around the 93.00 level. The daily chart’s RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy.
Continue Reading
Usd/Jpy Technical Analysis for 5th January 2009
Posted on05. Jan, 2009 by admin.
A bearish formation on the daily chart is still intact; however the momentum is already quite low. The 4-hour chart is maintaining a slightly bearish indication yet with no distinct conclusion. Also, there is a bearish cross forming on the hourly chart, indicating that the bearish signal is in place. Traders are advised to hold [...]
