It would appear so. Based on the brilliant chart by Safv6, I thought it should be possible then to analyse long term currency trends by EW. It appears to have completed a 3-3-5 expanded flat, with the C wave just over a 1.382 x of wave A, making a complete B wave. (And I've just noticed wave B within this wave is probably best labelled a 5-3-5 itself - no matter)
Nearest to this, and ALMOST an exact copy is the EURJPY. The massive drop in this pair over the end of 2014 would appear to be the very beginning of an uptrend in the Yen, and the end of a 6 year cycle.
Early days, but it might be what makes DanV's long term analysis of the DXY possible, or at least a big contribution to it, the Yen being the second largest portion (13.6%) and the largest occupant of the "other currencies" aside from the EUR (57%).
I don't quite know how trends are reflected precisely in currency pairs and there is a possibility that the current wave may a B wave, but I don't think so ... The trend was just ticking up into the end of last week, after what appears to be a first impulse wave in November/December 2014.
As far as fundamentals I have noted for a while that there there seems to be a gradual policy shift away from more stimulus, and printing, and "spreading doubts about the effectiveness of further action", although I wouldn't expect them to say it didn't work.
Sitting alongside this may be a very significant turn in global stocks. All connected.
Nearest to this, and ALMOST an exact copy is the EURJPY. The massive drop in this pair over the end of 2014 would appear to be the very beginning of an uptrend in the Yen, and the end of a 6 year cycle.
Early days, but it might be what makes DanV's long term analysis of the DXY possible, or at least a big contribution to it, the Yen being the second largest portion (13.6%) and the largest occupant of the "other currencies" aside from the EUR (57%).
I don't quite know how trends are reflected precisely in currency pairs and there is a possibility that the current wave may a B wave, but I don't think so ... The trend was just ticking up into the end of last week, after what appears to be a first impulse wave in November/December 2014.
As far as fundamentals I have noted for a while that there there seems to be a gradual policy shift away from more stimulus, and printing, and "spreading doubts about the effectiveness of further action", although I wouldn't expect them to say it didn't work.
Sitting alongside this may be a very significant turn in global stocks. All connected.