Slight down turn for the Yen

Morning Dynamic Traders

Over the week the Yen has been enjoying a good increase in price.
More recently price has now begun to drop. Why is this?

Below I have posted a 4 hour chart, and we can see from the MACD we have divergence, which explains the change in direction. This divergence also appears on the hour chart.

It will be very interesting to see how this effects today’s performance for Yen, which I will update on Monday.

I chose to follow the USDJPY because I have been in the trade since Tuesday and analysing the chart has really helped me to manage my trade.
You should also have been looking at John’s updates on fxcps.co.uk, as John has been giving updates since Sunday on the Yen. I have taken a different approach to John and discussed events after they happened, as opposed to what could happen. By doing this I now have a better insight in what signs and signals to look for while in a trade to help manage the trade.

Hope you had a successful week trading,

Hope you have a good week.

Happy Trading.

Steady progress for the Yen

Morning Dynamic Traders.

Yesterday the Yen continued to find strength and price increased. The increase in price yesterday wasn’t as dramatic as Tuesday’s increase, so let’s find out why.

Below I have posted an hour chart of the USDJPY. Straight away you will be able to see that the price is currently in an uptrend.
I have also marked out where Wednesday’s movements are.
You will notice that we have divergence from the MACD, price also hit a previous support/resistance line and then during the course of Wednesday price came down a bit, before heading back up.














Tomorrow will be able to see if Wednesday’s weaker performance from Tuesday’s has any effect on what will happen today.

Happy Trading.

2nd day following the Yen

Morning Dynamic Traders.

Tuesday was a very good day for the Yen, so let’s find out why!

As you can see from the day chart below price was still increasing and yesterday we had a big green candle.

Below is an hour chart, I have marked out Tuesday to show how much of an increase the Yen had on the second day of the week.

You will notice that price has been in an uptrend and then started to come back down. At this point you can see that we have convergence from the MACD, and then an increase in price which is why we had large move up.

I’m looking forward tomorrow to finding out what the Yen does today, to see if it continues to increase or if price begins to weaken.

Happy trading.

New Week New Currency

Morning Dynamic Traders.

This week I’m going to follow the USDJPY.

Below is the day chart and as you can see price was clearly in a down trend, and recently it has found some strength. We did have an indication of the change in price with a 123 near a RN, with convergence from the MACD.

Yesterday we had a large move up in price after the events from Friday, which provided us with a reversal candle and a conituation to the up.

I look forward to tomorrows update to see if we still have increase in price.

Happy trading.

A week of watching the Kiwi

Morning Dynamic Traders,

Hope you had a good weekend.

On Friday the Kiwi closed not far from where it opened. You can see on the hour chart below that price continued to drop until it hit a strong Support/Resistant line at a key RN, then price began to strengthen.














I would like to conclude how the NZDUSD behaved over the week.

It’s been an interesting week following the Kiwi. There hasn’t been a big movement in price over the week, but a shorting position would definitely be the approach to have taken.

Below is an hour chart, and as you can see from where the week began and ended it has been in a down trend. We can also clearly see 2 days where the price was oscillating and not sure which direction to take.













This may not have been the best currency pair to trade last week, because of the lack in movement in price over the week. The NZDUSD would also have needed a lot of attention when managing the trade to make sure that you didn’t lose any profits you might have made.

This week we will follow a different currency pair, which hopefully has more movement.

Happy Trading.