Rocketman

Wave Analysis of the Japanese Yen (FXY)

AMEX:FXY   GUGGENHEIM CURRENCYSHARES JAPANESE YEN TRUST
75 3 5
If The Yen gets beyond 83.90, then this will confirm the beginning of a bear market for the USD as it did back in 2008 when the Yen rose; and it would justify the structure of this wave analysis.

I am also taken into consideration that a strong Yen is bad for the Japanese economy and for the Nikkei, being that Japan is an export-based economy. This should, then, spill over into the markets as it is doing now with the Nikkei and the US stock market. Equities in the US stock market are adjusting to the foreseen rate hikes of the Fed.

It is expected that the Fed will keep raising rates since they expect inflation to rise in 2016 for the US economy. This could be an opportunity to buy strong companies at discount prices.

Well, I have to wait and see where the Yen and Nikkei goes from here along with other things.
Comment: Checking up on the Japanese yen as Brexit sets in and the same pattern that happened the last time.

snapshot


If 55% of Britain voters vote out of the Euro, then this could fuel the fire, such that the S&P 500wll drop like in the following chart:
snapshot
Comment:
snapshot
It's been long price has stayed reppeled from the mean(red line) A solid break above your short black line, and price could get attracted to mean again. Let's see what happens
Reply
Rocketman moorekapital
We are at your mean, like you said.
+1 Reply
moorekapital Rocketman
Incredible, huh
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out