Archive for February, 2009
Usd/Jpy Technical Analysis for 26th February 2009
Posted on26. Feb, 2009 by admin.
The price of this pair appears to be floating in the over-bought territory on the RSI oscillators of both the 4-hour and daily charts, indicating a downward correction may occur in the near future. With a bearish cross forming on the daily chart, this downward move may take place later today. Going short with tight [...]
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Usd/Jpy Technical Analysis for 25th February 2009
Posted on25. Feb, 2009 by admin.
The price of this pair currently floats in the over-bought territory on the RSI of the 4-hour and daily charts, signaling strong downward pressure. A bearish cross appears to have just formed on the 4-hour chart’s Slow Stochastic as well, supporting the notion that a downward correction is imminent. Going short might be the right [...]
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Usd/Jpy Technical Analysis for 24th February 2009
Posted on24. Feb, 2009 by admin.
This pair has recently entered a sustained upward trend. With the Slow Stochastic on the 4-hour chart indicating a bearish cross has recently formed, and the hourly chart’s Slow Stochastic signaling that one may be imminent, a downward correction may indeed be occurring in the near future. Going short with tight stops might be the [...]
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Usd/Jpy Technical Analysis for 23th February 2009
Posted on23. Feb, 2009 by admin.
The 4 hour chart is showing that the pair’s bullish momentum is reversing itself, and has turned to be bearish. The bearish cross on the daily Slow Stochastic strengthens the pair’s downtrend, which might see a valid target price at 92.49.
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Usd/Jpy Technical Analysis for 20th February 2009
Posted on20. Feb, 2009 by admin.
The bullish trend is loosing its steam and the pair seems to consolidate around the 94.15 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.
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Usd/Jpy Technical Analysis for 19th February 2009
Posted on19. Feb, 2009 by admin.
The price of this pair appears to be floating in the over-bought territory on the 4-hour chart’s RSI and there appears to be an imminent bearish cross on the Slow Stochastic, indicating a downward correction may occur soon. The price also appears to be floating in the over-bought territory on the daily chart’s RSI which [...]
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Usd/Jpy Technical Analysis for 18th February 2009
Posted on18. Feb, 2009 by admin.
After yesterday’s volatile price movements, this pair appears to have temporarily calmed down. The price appears to be floating in neutral territory on most oscillators and momentum appears to be showing a flat price movement. Waiting for a clearer signal might be the right choice today.
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Usd/Jpy Technical Analysis for 17th February 2009
Posted on17. Feb, 2009 by admin.
A bearish cross on hourly chart’s Slow Stochastic implies that a downward correction might take place in the nearest time frame. The 4-hour chart’s RSI is floating in the over-bought zone, suggesting that the upward trend might be out of steam. Going short with tight stops appears to be the right strategy today.
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Usd/Jpy Technical Analysis for 2009
Posted on16. Feb, 2009 by admin.
The bullish momentum continues with full steam as the pair breached the key Fibonacci level of 90.91. Currently, all oscillators on the daily chart are giving bullish signals; hence, going long seems to be preferable.
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Usd/Jpy Technical Analysis for 10th February 2009
Posted on10. Feb, 2009 by admin.
After touching a base at 90.89, the pair now consolidates a bit higher at around the 91.46 level. All oscillators show that the bullish momentum will probably continue. The Slow Stochastic of the 4-hour chart is showing no crosses in the horizon, and the bullish momentum there appears to be intact as well. On the [...]
