Archive for April, 2009
Usd/Jpy Technical Analysis for 8th April 2009
Posted on08. Apr, 2009 by admin.
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The daily chart shows that the pair is currently range-trading within a restricted price range. However, as the RSI on the daily chart has dropped beneath the 70 line, it appears that bearish momentum might be arising. Going short with tight stops could be the right choice today.
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Usd/Jpy Technical Analysis for 3th April 2009
Posted on03. Apr, 2009 by admin.
This pair has experienced a bullish trend the past 12 days and may be due for a correction. The daily chart shows a bearish cross forming on the Slow Stochastic with the pair trading in overbought territory on the RSI. There may be potential for a downward price movement. The 4-hour chart also has the [...]
