Archive for November, 2008
Usd/Jpy Technical Analysis for 27th November 2008
Posted on27. Nov, 2008 by admin.
The 4 hour chart shows that the pair continues its recent bearish correction within a wider flat channel on this chart. The Slow Stochastic on the 1 hour chart supports the recent bearish momentum. Next target price might be around 94.60, and if breached we should see a stronger bearish move being validated.
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Usd/Jpy Technical Analysis for 25th November 2008
Posted on25. Nov, 2008 by admin.
Lately, this pair has been going through a relatively choppy trading session and seems to be unable to pick up a sustained trend. The daily chart’s Bollinger Bands are widened and its RSI flows in a neutral territory. Forex traders are advised to wait for a clearer signal before entering the market n this pair.
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Usd/Jpy Technical Analysis for 24th November 2008
Posted on24. Nov, 2008 by admin.
The typical range trading on the daily chart continues. Both the RSI and Slow Stochastic are floating in neutral territory. The hourlies are also providing mixed signals with no specific direction. Good strategy might be to wait for a clearer signal before entering the market in this pair.
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Usd/Jpy Technical Analysis for 21st November 2008
Posted on21. Nov, 2008 by admin.
The pair is continuing to exhibit predominantly bearish signals, and is currently traded around the 95.00 level. On the daily chart, the pair’s price has dropped beneath the Bollinger Bands lower boarder, suggesting that a sharp bearish move is imminent. Going short with tight stops might be a good strategy today.
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Usd/Jpy Technical Analysis for 20th November 2008
Posted on20. Nov, 2008 by admin.
The momentum which was created after the bearish breach through the tight flat channel on the 4-hour chart yesterday continues with full steam. The daily chart is still quite bearish while on the hourly level this pair is already floating in an oversold territory. It might be preferable to sell on highs today.
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Usd/Jpy Technical Analysis for 19th November 2008
Posted on19. Nov, 2008 by admin.
There is a very distinct bullish channel forming on the daily chart, as the pair is now floating in the middle of it. To strengthen this notion, the Bollinger Bands on the 4 hour chart are tightening, suggesting that traders should expect a violent breach.
