nmike
Long

USD / JPY monthly update

FX:USDJPY   U.S. Dollar/Japanese Yen
2509 9 24
Here I've combined CLONING with TREND LINES .The current candle pattern,which is the first thing I look at, is clearly in a bullish trend . A pull back to one of the red support lines is possible. IF USDJPY             can rise and close above reference channel and clear the nearby trend line , the next near term target is the trend line just above. The DPO (13)monthly above / below mid-point works quite well as a trend change indicator, with some instruments you might have to play around with look back periods.On weekly and daily I usually set it at 21.

Related Ideas

nmike MOD
3 years ago
update.....well above reference channel & above resistance trend line
+1 Reply
nmike MOD
3 years ago
>>>>>trend line resistance HIT
+1 Reply
nmike MOD
3 years ago
>>>> interesting support / resistance & candle action for the month of June.We had a bearish CLONE break during June but after hitting a trend line support price found itself back inside green CLONE and above a trend line resistance. Ready to test 102.5 resistance.
+1 Reply
nmike MOD
3 years ago
....above KEY resistance
+1 Reply
Crossover does work well
Reply
Robert.N
2 years ago
Big up :) For nmike and 4 uj :)
+1 Reply
nmike MOD
2 years ago
....key resistance "1" hit....
Reply
nmike MOD
9 months ago
.>>>>....at Key level support
Reply
nmike MOD
8 months ago
.....this analysis still valid,just have to extend existing trend lines & S / R levels
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out