2 years ago
The weekly index chart, with monthly MTPC overlay shows a vivid picture, that of a constantly weak yen.
We are right at a longterm downtrend mode resistance from the historical high back in 2007*, and the last test of it resulted in the start of a very volatile monthly downtrend.

We have this mode resistance as the first obstacle for new highs, as well as the low volume resistance up ahead, in the 135+ region.
The profile balance point for this uptrend sits higher up, at 148.774, so I wouldn't discount the possibility of further Yen weakness in the coming months, backed by a still running monthly uptrend signal with time to spare (price target already exceeded before starting this very volatile and sideways corrective phase) and a very clear and steep weekly uptrend that has time left as well, but with price targets already met ahead of time.

Just keep watch of this chart as you navigate the Yen pair waters.
See comments for the bigger picture view of the whole move from the 2007 high.
My current Yen vehicle is a potentially very large weekly uptrend in the Euro-yen cross. See related ideas for my forecast and trade setup.

Cheers,

Ivan.
a year ago
Comment: Back to the mode and now in an uptrend again.
8 months ago
Comment: Since the uptrend mode didn't hold, we went lower, and for now found support at the lower levels. If we test the mode from underneath, we could get the perfect *JPY short level.
Watch this closely.
8 months ago
Comment:
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snapshot


Added a mode to mode linear regression channel, an idea borrowed from Tim West as an interesting addition.
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Muet786
a year ago
hi can u help me how can i find these indexes live charts for analysis plz put symbols here all indexes.. gbp.. eur.. chf... cad... yen...
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IvanLabrie TOP Muet786
a year ago
Hi, I made them using the following formulas in the new chart dialog box and then hitting enter:

(USDJPY+GBPJPY+NZDJPY+AUDJPY+CHFJPY+EURJPY+CADJPY)/7 - Yen index

((GBPJPY/100)+GBPNZD+GBPAUD+GBPCAD+GBPUSD+GBPEUR+GBPCHF)/7 - Pound Index

((EURJPY/100)+EURAUD+EURNZD+EURUSD+EURCAD+EURCHF+EURGBP)/7 - Euro Index
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Muet786 IvanLabrie
a year ago
which all index name in trading view ....
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Muet786 Muet786
a year ago
i have searched but im fail so plz help me send me all index name or chart
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IvanLabrie TOP Muet786
a year ago
Names are above, copy and paste in the search box and hit enter.
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AndreLear PRO IvanLabrie
a year ago
This is an awesome feature had no idea we could do this. Up until now I have been pairing against the World Currency Unit to get my 'index'. XCUJPY for the yen. This looks to be a bit more sensitive.
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Seems like the resistance is acting here. Wonder how far the retracement will go.
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The artificial yen index points to a general decline in the *jpy pairs it seems.
The uptrend has failed, and we now have an 8 week sell signal on chart.
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