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Fundamentally the USD is bullish to the Yen with the Fed's Restrictive Monetary Policy. Technically we can see price move in 3 phases 1. Accumulation = the big players set their positions. 2. Manipulation = just a stop hunting exercise 3. Distribution = where a trend is established . The market has been in consolidation for the last 15 days. The longer...

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If you look at the daily charts for the EURJPY , it becomes fairly apparent for the tactics used by the SMART MONEY. 1. Accumulation - positions are built in the consolidation. 2. Manipulation - the Smart Money drive the market in the opposing direction to their positions. Fake out or Stop Hunting , whichever descriptive you like. 3. Distribution - the...

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Since the market high of 2007 , the British Pound has seen a steady depreciation to the US dollar 1. First Impulsive Movement - from late 2007 to early 2009. Price fell 7700+ pips. 2. First Corrective Movement - a P wave within a triangle that lasted 65 bars till June 2014 3. Second Impulsive Movement - from June 2014 till October 2016 , with 28 bars...

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The EURUSD has plainly made a steady downtrend from 2008 and has never looked back. Of interest is the swing down and it's relation to the 5 year MA. 1. GFC Swing - which started the whole ballgame of a weak EURO . Magnitude = 2955 pips. Duration = 4 bars. 2. EUROZONE Financial Crisis - starting in 2009 and lingering to 2015, as many EURO member nations...

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This pair is in consolidation, moving down a channel established in March 2021. Why a consolidation ? Look to past impulsive moves - magnitude is 2500 - 3800 pips and the duration is on average is 20 - 28 bars ( exception of the GFC and Pandemic crash) . So far the Channel movement has been 1250 pips over 17 bars. Seems slow and progressive. What do you...

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Looking at the big picture again. Gold looks to have several key price points that it will encounter on the way down. Here is how i see it. Given the ENERGY poised in the market, there is a high potential for price to collapse to the downside : Fundamentally the US dollar is strong ( Fed Restrictive Monetary Policy ) and Technically the US Dollar index is at...

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Silver double topped in by April 2022 around 26.00+. From Mid April - Mid May 2022 price plummeted with a strong I wave. The market consolidated between the 20 = 22 level, till the end of June 2022. This Range is likely broken with the recent 2 bearish candles - on the last day of June and first day of July. Suggested scenario is 1. Retracement - to...

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This is a bullish expectation of the Pound Yen. The pair like to consolidate within a range. The current P wave breakout is based upon the duration of the last ranging period. Price Target is set to the same expansion as that from the prior consolidation. As such , the pair will continue to range in July . August may be the breakout month.

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On the weekly this pair has stretched too far. Look for retracement in the next 2 weeks, as price comes back to equilibrium. Sellers likely to take control and shift price to 1.36 level.

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The USDJPY has been on a stable Bull Trend on the Weekly Charts. Of interest is the 2 recent candlesticks - Spinning Top and a Long Legged Doji . Both are suggestive of the market wishing to pause the uptrend. The pair appears to be overbought, and I recognise the buyers are well in control. What I am looking for is a correction to take price back to the...

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Here is a scenario if AUDUSD breaks the Expanding Triangle Consolidation soon. The PREDICTION is based on wave structure and time cycles repeating.

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For the first week in July I see the S&P500 drift slowly back to the midterm equilibrium price of the Kijun Sen at 3920. A support line can be drawn from the swing low to the longer term equilibrium price of SSB. This may offer support to price next week. Then the market turns down breaks the recent swing low and moves to the 3450 level over the following 2 weeks.

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Sentiment continues to be bearish. Some time and price projections are provided.

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AUDUSD has made a break of support at .6830 on the first day of trading in July 2022. What's next ? First of all, what is relevant up to now We need to consider price movement (wave structure) and time (cyclic structure). 1. First Leg Down - There is an I wave (5 subwaves) from 5th April to 12th May swing low. Price drops 836 pips over 27 candles....

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Wheat appears to be making an ABCD pattern. It is likely point D will be obtained in 3 days. This area is of interest is 852.00 because 1. Support - a retest of prior high 2. Equal price movement from the daily Tenkan Sen.

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So where are we with the EURUSD ? Monthly Perspective - multiyear down trending channel that has gone into consolidation from 2015. Price has made has moved with the following wave structures - VVIVI. The first 2 V waves have tested a support zone of 1.0350 - 1.05 on 3 occasions between 2015 and 2017. Stochastics showed price was in an oversold zone. Here...

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Considering a scenario where the EURUSD completes an ABC pattern on the Daily Charts. The origin of the downside move is from the swing high of 30th March 2022. The first leg completed 5 waves down to A. The retracement was essentially an I wave to B. Now looking for 5 waves down , towards the target C, in the middle of next month to see EURO below parity.

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So this is the S&P 500 from 21st April 2022. We can see price is tracking down the channel Using the last channel high / low and recent retracement , it is likely an intra-channel N wave (ABC) will develop. So a target is given based upon 1. Price extension for the development of an N wave. 2. Time cycle ( for the 3 wave of the a potential N wave) of 9...