Archive for February, 2009
Usd/Jpy Technical Analysis for 9th February 2009
Posted on09. Feb, 2009 by admin.
The Daily chart showing that the pair is still in the bullish configuration; however, the RSI is already floating in the overbought territory. On the contrary, there is a fresh bullish cross on the hourly chart’s Slow Stochastic indicating a bullish correction might take place in the nearest future. In that case traders are advised [...]
Continue Reading
Usd/Jpy Technical Analysis for 5th February 2009
Posted on05. Feb, 2009 by admin.
The pair continues to hold its range-trading pattern with no clear sign of direction. The price sits evenly between the Bollinger Bands on all charts, and continues to float in neutral territory on all oscillators. Waiting for a clearer signal might be the right choice today.
Continue Reading
Usd/Jpy Technical Analysis for 4th February 2009
Posted on04. Feb, 2009 by admin.
The pair continues to hold its range-trading pattern with no clear sign of direction. However, there appears to be a bearish cross on the hourly chart’s Slow Stochastic indicating an imminent downward correction. Going short with tight stops appears to be the right strategy today.
Continue Reading
Usd/Jpy Technical Analysis for 2nd February 2009
Posted on02. Feb, 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.
