Composite Yen crosses provide an interesting way to look at the unfolding Yen scenario. I'm applying my own ARS Gann Lines here along with fib-circles for timing and a fan for slope... The Gann -45deg ( dashed yellow ) and -90 deg lines ( dashed red) provide targeting guidance for major moves to come. The equations use square root values plus or minus the...
China and Japan may be the economic giants of Asia and the world, but the behavior of their currencies would indicate otherwise. Since August 2012, the Chinese yuan strengthened and the Japanese yen weakened considerably. The yuan trades at record highs against the yen. Given the negative impact of a strong currency on exports, China should seek to weaken its...
Yesterday also continued to grow, and it has raised firmly. 107.50 is key price, which is the boundary between buyer and seller. As a concern, it's that it was not able to hit a new high in this week after getting higher with strong CPI yesterday. of course, it is also a development of going higher, but it is also doubt a little. Well, since there is no need to...
Good morning !! In Oceania-Market, have risen to the Sell Zone (Res-C). As I wrote the other day, I think that it has been confirmed whether Buyer of Daily-level is win or lose. "Long" has not been determined. 107.50 is a point that switch to looking for "Long". If destroy the small upward trend of the most recent, I aim to buy after I see the...
Yesterday, as expected, it was a remained in the range of the day before. from the fact that Daily-chart is "From OutsideDay, To InsideDay", I am careful today. In Tokyo-market in the morning, updated higher than yesterday. it is warning of upside risk. also touched 106.50, it is key price. I want limiting to trading of short-term today. I think that "Sup-F"...
Yesterday was dramatic movement ! because I was looking Long yesterday morning, participated in attacking higher. of course, I didn't think even fall so. hahaha.. I participated in decline after it updates the lows. I think flow may change. because, Buyer of "Higher-Price" would have been cut by decline of yesterday. and it reached Buy Zone of Daily-Level....
Good Morning. Tokyo-Market this morning,Took over the flow of to Oceania from NY closed, and touched 107.40 of "Turning-Point" by buyer leading. As I wrote in the idea of yesterday, 107.40 is "Key-Price",and was suppressed now. If movement of breaking this point come out ,I keep up on buying. Okay, I will reconsider the movement of yesterday. As I wrote...
Short if 107 holds and price action remains in the channel. Price likely to move back to the first support level. However, a break through the channel could see upside to 107.37. The dollar and S&P seen a bounce after sharp declines, but this is likely to be short lived. Outlook til the end of the week.
We already got major trend change for NZD/JPY but we are only waiting for good entry!! We may not reach previous structure for entry but we will have to entry earlier after breakdown of retracment up to EMA 36. Using heikin ashi candles helps us that so after breakdown of retracment i will short it defnitely. Resons for trend change are already written on the...
Yesterday,rebound from "BuyZone-D" and suppressed in the neck. And attacked low, closed under 107. From the fact that it was closed at the hidden-line firmly in Daily, I think biase of today downward. Since a strategy of looking that not fill previous the hidden-line in 4-Hours, If exceed 107.40 / 50 level, I doubt "return" once. The movement of yesterday to...
I think as follows. It is not "Turn of Buying" by looking at Weekly. but... there is a possibility the buyer is waiting at 107.40-00. It is said many times, but I prepare for the movement of short-covering. Recovery-High of decline is 108.73 / 75. After breaking there, it's not too late that I switch to buy. Because it has been resistance twice in...
so I wrote in the morning, SellZone-E became the Resistance again. I was hoping motion of exceeding , but Buyer don't have strong power yet. Breakin SellZone-E would be probably trigger. unless key point (upside or downsaide) is broken , I don't take trade today. Because, I do not know.
I want to refer to the "RELATED IDEAS". Yesterday's movement was very easy. Because broke "SellZone-C" on the short-term, I thought "BuyZone-D" would be support. However, the movement (Important-Movement Z) that was suppressed in "SellZone-B" of the upper level and eventually Buyer loses becomes important. From the history of the above, I draw "SellZone-E". I...
Friends, There is a Wolfe Waves ("WW") pattern that just completed at its 5-prime (5') position in the 60-minunte chart - Despite the significant decline from Point-2 of this pattern, the predictive/forecasting model remains BULLISH. WOLFE WAVES-BASED TARGET: As this pattern develop, and if indeed there was ever a solid base to be had at Point-5', then I...
The USDJPY is presenting a short setup as seen in this weekly chart where the RSI and Stochastics are both rolling over from overbought levels. The MACD blue line is also flattening, with the MACD histogram finally falling for the first time this week in its current rally. Equally importantly is how the USDJPY has just been rejected at the ascending wedge...
Yesterday, broke the Support and lows as expected. because it fell below the low of 108.00, Note a wave of decline is larger. From the above, I put in my head larger rebound. in that case, Selling point is Resistance-B. If exceed there, there is room to Resistance-C. If rebound there, I waits for a short-term collapse. Also, I draw the Support-D in the...
If we confirm with price action in this area this should be a nice quick buy, however keep in mind the near term trend is down so look to breakeven fairly quickly at the first target area.