claydoctor

USDJPY vrsus IWM, SPY, DOWI never seen this before

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
1
When MACD, RSI, and williams agree, I don't argue. The 2 previous consolidation triangles are clear, 2 gaps to top, then a fall , see percentages indicated. This latest rise, and 2 gap up much greater than previous 2. 2 previous falls drop to same percentage above start of gap 1, purple lines. This 3rd fall estimate to either percentage (much greater this time 17.77%) or to purple lines, same percentage above start of gap 1 3rd triangle. Also, this shows effects on markets, not guaranteed, but probable. Getting my head out of strictly numbers and charts, to see what world events could cause this severe drop in dollar? Not sure, perhaps one of you who trade forex could advise, reply here. BUT NO DENYING: MACD, RSI, and williams are way overbought, and are heading down, simply cannot sustain these levels, which are extremely high right now. Finally, gap between 50 and 200 day MA are spread wide, and need to come back to trend as in previous triangle formations, and also bollinger extremely strectched, much more than previous right before their falls to....(XXX???). WAT TOO MAY SIGNALS HERE, universe is aligned here for a major dollar fall v yen. Tight chart, lots of info, sorry, wish there was bigger page to show all.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.