Tag Archives: Usd/Jpy Technical Analysis
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 [...]
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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 [...]
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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.
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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.
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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.
