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Finotec News Archive - March 10 2010

USD/JPY-market strategy can be a sell form the level 91.04

Technical oscillators supporting the bearish trend for the currency pair

Tammy Wally
10 March 2010

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USD/JPY-market strategy can be a sell form the level 91.04
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line. Buying from 89.53 on a break.

USD/JPY 10-3-10

Finotec Analysis Team
10 March 2010

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Real Time Forex Quotes

 Contract Bid Ask Time Change
USD/JPY 86.37 86.38 18:40:44 -0.00%

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