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Dan Blystone posted a blog postGBP/JPY: Ascending Triangle and Price Oscillator Divergence
Dan Blystone's blog post was featuredShooting Star in GBP/USD
Dan Blystone posted a blog postShooting Star in GBP/USD
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Dan Blystone posted a statusProfile Information
- About Myself
- I'm into markets, community building and startups.
My personal blog is www.danblystone.com
- Trading style
- Both technical and fundamental, long term and swing trading.
- Current Broker
- Oanda and ThinkorSwim
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Dan Blystone's Blog
USD/JPY Spikes Higher on Heels of BOJ Meeting
Posted on April 4, 2013 at 8:37am 0 Comments 0 Likes
The Yen weakened against all of its 16 major counterparts on the heels of news that the Bank of Japan announced a large monetary easing program.
USD/JPY along with the Nikkei 225 has rallied sharply on the heels of the news.
Looking at the USD/JPY monthly chart and the downmove that started in 2007, we can see that the 50% retracement of this move is at 99.77.…
Continue Hammer Pattern on USD/JPY Daily Chart
Posted on April 3, 2013 at 9:01am 0 Comments 1 Like
A hammer bullish reversal pattern formed on yesterday's USD/JPY chart.
Resistance overhead around 94.373.
This reversal is taking place within the context of a strong uptrend on the daily and weekly charts.
Keep in mind some important fundamental factors are in play.
A two-day Bank of Japan monetary policy meeting starts today, it's first lead by new Governor Haruhiko Kuroda.…
Continue GBP/JPY: Ascending Triangle and Price Oscillator Divergence
Posted on November 18, 2012 at 6:50pm 0 Comments 0 Likes
Looking at the daily GBP/JPY chart we can see that it found resistance at the horizontal trendline of it's ascending triangle pattern.
The divergence between the uptrend in price and the downtrend in the RSI momentum oscillator suggests a possible bearish reversal.
Shooting Star in GBP/USD
Posted on September 23, 2012 at 8:23pm 1 Comment 4 Likes
Looking at the daily chart a bearish shooting star pattern formed on Friday:
Zooming out we can see some major trendlines that could form support:
Also worth noting that MACD crossed the zero line from positive to…
Continue
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