This is the monthly correction scenario of USDJPY. The market is very likely to see a large correction if it stays below the red line above the top. Conversely, if the market rises above this line and then settles above it again, an uptrend will begin. So, please take a good look around the reference point. For now, a daily bearish pattern is likely and one more...
USDJPY has not yet come down to near the monthly demand zone where the monthly correction process can be completed. If USDJPY is the first to hit the monthly demand zone, there will be a rebound. The first case could turn into a monthly uptrend if this rebound is very strong or sustains an impulse pattern. A big upside could come as it completes the A-B-C...
So far, the predictable indicator for Gold's direction seems to be USDJPY. Please refer to the chart on the right for USDJPY. USDJPY has not yet come down to near the monthly demand zone where the monthly correction process can be completed. So, until USDJPY reaches the monthly demand zone, the dollar will sell, and conversely, Gold will continue to rise. If...
EURUSD may continue its daily uptrend. Then a correction trend line of a 4-hour upward wave would be created to rise near the monthly supply zone. And, a big retracement may come when the target is reached. If the rebound is successful again in the weekly demand zone, the trend will be followed by an upward wave of the weekly bullish pattern. Conversely, if a...
Gold has a weekly downtrend pattern. However, since the monthly correction process has never occurred, the current pattern is in the absence of a correction pattern. In other words, the correction pattern is not completed and continues to be buried in the downward wave. So there will be a pretty strong uptrend to complete the correction pattern. This uptrend...
This analysis is Gold's Bullish scenario. Gold is in a position to create a weekly bullish pattern. The important thing is that even if it breaks above the monthly supply zone and comes back, if a new weekly correction trend line of a new upward wave is drawn in the monthly supply zone again, it will be a clear weekly upward wave. If there is a risk, the...
If AUDUSD is pushed out of the weekly supply zone and renews the bottom, the weekly correction ends and the downtrend continues again. However, below, a daily bullish pattern is forming, showing the initial 4-hour bullish pattern of the sub-time period. Therefore, if it rises above the weekly supply zone again, it can be an extended weekly correction process. In...
This is a yearly chart of AUDUSD. It looks like the dollar will continue to rise, but at some point it will hit a high and then return to the bottom. As the weak Japanese yen will eventually turn into a stronger yen at some point, a sell dollar and buy yen pattern could trigger a stronger Asian currency. Analyzing the yearly chart of AUDUSD, the 1st downtrend...
Gold may come out with a pattern that can turn upward after the correction process is over. The important thing is that the monthly correction of the downward wave has not come out yet, but depending on how upward the monthly supply zone pushes, the lower monthly demand zone may also rise upwards. This could create a monthly bullish pattern because even if it goes...
US Oil seems to have performed a daily correction process after the first rise. The initial pattern of a 4-hour bullish wave for a second rise now appears to be forming. Therefore, if the first daily correction trend line of the daily upward wave below does not break, it can be a monthly correction process of the daily bullish pattern, so please aim for a Buy...
Natural gas continues its daily downtrend. The current position is near the daily demand zone where it can break the daily downtrend. If there is a rebound here, it can proceed with the weekly correction of the daily bullish pattern. If so, you can ride an uptrend, so please aim for a Buy opportunity. If the rebound fails in the daily demand zone, it is likely to...
Another scenario of monthly correction of EURUSD. When the daily rising wave continues, the structure becomes a large running flat pattern. Therefore, when the last daily correction trend line is broken, it will be the (X) position, and it will be a pattern that rebounds in the weekly demand zone and continues a large uptrend. However, if the daily uptrend breaks...
EURUSD did not sustain the daily uptrend from its highs and a deep correction was made. Since the current pattern has a retracement in the weekly supply zone, if the uptrend is no longer limited, the weekly correction of the W-X-Y structure may end and a downtrend may follow again. So, it can come down to around the weekly demand zone. If it reaches the weekly...
This is Gold's monthly correction scenario. Gold is a necessary process because the monthly correction process has never occurred. I don't know how high it will come out, but it should rise around the monthly supply zone. This will lead to the next downtrend. Find buy opportunities below.
This is DXY's monthly correction scenario. Currently, the daily downtrend continues. Since the current position is also in the daily supply zone, the low can be updated if the daily correction trend line of the new downward wave continues to be drawn. If there is a message at this week's FOMC meeting about the pace of rate hikes, it could provide momentum for the...
This is a new scenario for Gold's direction. The first is when the daily downtrend continues. This is a case where the daily upward wave is no longer propagated at the current location because the rebound has failed in the daily demand zone, the daily correcrtion ends and the daily downward wave continues. The second is when the daily correction deepens into an...
Gold continues its weekly downtrend. The current position is also the position where the daily correction can end and the downtrend can start again, but it is the position where the bullish pattern can start if the rebound is successful in the daily demand zone. If the upward wave of the daily bullish pattern continues, it will reach near the monthly supply zone....
Gold can undergo a monthly correction process of a weekly bullish pattern that can break out of the weekly downtrend. There are several cases when it comes to reaching the monthly supply zone. The first is that the monthly correction is short, and a monthly downtrend can come out right away in November. The second is when an extended monthly correction pattern...