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 level

Tammy Wall
14 May 2008

Add to bookmark: Add to: del.icio.us Add to: digg.com Add to: technorati.com Add to: Google Bookmarks Add to: Facebook
Read the latest USD/JPY Analysis Reports: Subscribe to RSS

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.

JPY 14.5

Finotec Analysis Team
14 May 2008

Select Your Time Zone

Today's Economic Events





Time Event Currency Period Previous Forecast Significance Actual
23:50Core Machinery Orders m/mJPY-12.7%-5.2%2-8.3%information
14:30Crude Oil InventoriesUSD5.7M20.2Minformation
12:30Core CPIUSDApr0.2%0.2%30.1%information
12:30CPI m/mUSDApr0.3%0.3%30.2%information

Real Time Forex Quotes

 Contract Bid Ask Time Change
USD/JPY 106.72 106.74 03:59:13 -0.00%

Trading in Foreign Exchange, CFDs, Options, Futures and Commodities and engaging in Spread Betting on financial products carries a high degree of risk to your capital and it is possible to lose more than your initial investment. You should only speculate with money that you can afford to lose. These products may not be suitable for all investors, therefore please ensure that you fully understand the risks involved and seek independent advice if necessary. Finotec Trading UK Ltd is authorized and regulated by the Financial Services Authority.

FSA Register Number [470392]


Please read our full Disclaimer and Risk Warning.

Finotec Trading UK, Bridge House, London Bridge, London, SE1 9QR, United Kingdom

Copyright © 1998- 2008 Finotec Group Inc.SEC-OTCBB # All rights reserved.

 


Country  Area  Number