USDJPY - annoying triangle

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 16, 2016 7:08 PM

There's a possible triangle in wave 4, so the price is likely going to consolidate in the coming weeks

Comments

LuNihon

⋅ Oct 17, 2016 9:35 AM

Hi, if you are forecasting a rising Dollar index, how would you reconcile that with an appreciating JPY?

UNLIMITED

⋅ Oct 17, 2016 11:56 AM

are you sure that is the SMA 40? (rather SMA 90)
because on my chart SMA 40 is much lower...