Finotec News Archive - May 14 2008
Technical oscillators supporting the bullish trend for the USD/JPY currency pair
USD/JPY – Market strategy is bullish, buying till the 106.04 levelTammy Wall
14 May 2008
USD/JPY-market strategy can be a buy till the level 106.04
Technical oscillators supporting the bullish 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 lines after a bullish crossover above 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 bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line. As seen on the chart there are two bottoms leading upwards to a buying trend.

Finotec Analysis Team
14 May 2008
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Real Time Forex Quotes
| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| USD/JPY | 106.72 | 106.74 | 03:59:13 | -0.00% |
















