Posts Tagged by jpy
USD/JPY The Week Ahead
| September 6, 2009 | Posted by admin under Forex - USD/JPY |
After strong movement on both sides of the market after the Employment Situation news out of the US on Friday the pair finished moderately higher, just edging out pre-news levels. Currently the pair is in a downtrend , but a rise above 93.40 indicates a potential reversal. Resistance beyond is at 94.00. 92.00 – 91.75 …
EUR/JPY – The Forex Trading Day Ahead & a Lesson
| August 19, 2009 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
It has been a while since I posted on this pair, and it is a great one to trade as it generally has a large daily range. Anyway, I noticed something glancing at the chart and thought I would post it. The key thing below is the “old trend” line. If you draw a trend…
USD/JPY Potential Trade Set-Up
| July 24, 2009 | Posted by admin under Forex - USD/JPY |
The pair has seen a nice run up over the last 24 hours, but is now starting to consolidate. This sets up a high reward to risk trade. A break above 95.30 (+about 5 pips or so) will trigger a buy and an overall target of 160 pips, or 96.90. A break below 94.70 (-5…
Revisiting and Reanalyzing the USD/JPY Forex Pair
| July 22, 2009 | Posted by admin under Techncial Analysis Tutorials |
Here is a great video and analysis on the USD/JPY pair. A couple things I will point out about this video as you watch it: Markets very often break out out of a formation, and then move back to test the breakout point. Many traders bail out of the trade here, taking a loss on…
USD/JPY Breaks Major Support – Heading Lower Still?
| July 9, 2009 | Posted by admin under Forex - USD/JPY |
Yesterday the pair tore through support in the 94.00 area. A drop of that magnitude was not expected – the pair had almost a 300 pip move! The drop does signify a longer term down trend is about to begin with the target being 87.00. Intermediate support is expected between 90.00 and 89.50. Currently the…
USD/JPY Overview – Daily Chart Analysis – June 17
| June 18, 2009 | Posted by admin under Techncial Analysis Tutorials |
If you look on the USD/JPY daily chart I have attached below there a few interesting things to point out. The first is the the pair is trading in a large range. This means that breakouts within the range may be stifled from reaching their full potential unless a break of the larger daily range…
USD/JPY Day Trade or Swing Trade Idea – May 27
| May 27, 2009 | Posted by admin under Forex - USD/JPY |
May 27, 5:46 PM GMT The pair is in a ascending trend channel on the hourly chart which provides several possible trade alternatives. Trades can be entered near the upper or lower trend lines, with profit targets just beyond the half way point of the channel (approx. 30-40 pips), or the more aggressive target is…
USD/JPY Forex Day Trading Signal – 15 Min Chart
| May 19, 2009 | Posted by admin under Forex - USD/JPY |
May 19, 6:32 AM GMT The USD/JPY has consolidated, narrowing its range over the last several hours. This has created a triangle formation. Currently the upper trend line is offer resistance at 96.45, although this will decrease over time as the line is downward sloping. A break above this level will offer a profit target…
USD/JPY Forex Day Trading Signal – 15 Min Chart
| May 7, 2009 | Posted by admin under Forex - USD/JPY |
May 07 6:05 AM GMT The following is a forex market commentary based on technical analysis for the USD/JPY currency pair. It is based off of a 15 minute chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. Please read the latest How to Use the…
USD/JPY Day Trading Signal – 30 Min Chart- June 22
The pair is in a sharp downward sloping wedge. The interesting thing is this wedge’s apex is right at the major support level of 95.60. Thus, this wedge can give us an early indication of which way the market is likely to act off this support level. From the chart you can see the trendlines…