USD/JPY Weekly -The below chart displays a yearly (each bar is 1 year) USD/JPY log chart. Remember, huge reversals have materialized in years that end in 5. A top formed following the last 3 year rally (1994-1996). 12 month rate of change exhibits divergence and the top in June was at the line that connects the 1990 and 1998 highs. Finally, a yearly doji may form for 2015 (a lot to be decided next week). Shorter term, this week’s ...
Talking Points: The AUDUSD is trading in an ascending triangleWith the absence of a new high, traders can wait for a breakoutThe triangle low and high can be used to extrapolate price targets At some point, market trends will come to an end. These market transitions can be difficult for those that are used to using a directional market to make trading decisions. These market conditions don’t have to spell disaster for traders however. Those traders that can properly ...
Go to Profile
Mark as Read
