October 22 (Wed): [Bollinger Bands] Nikkei 225 VS USD/JPY

【This Week's Market Focus Points】

This week's market may reach an important turning point.

While USD/JPY appears to be rising, there are also signs of a potential decline, making this a fascinating situation. The 【Expansion】 on the 4-hour chart seems to be ending, and whether it will surpass the previous high on the daily chart or move below the rising moving average will greatly determine the future direction. If it rises, a gain up to the +2σ on the monthly chart is expected; if it falls, it could develop from a “confined state” to a MA mean reversion.

The Nikkei 225 continues to rise across from the monthly chart to the 4-hour chart with the Bollinger Bands, but since indicators are lagging, it is important to anticipate reversal signals as early as possible. In particular, if a bullish candle forms on the daily chart, it should be watched closely.

Additionally, GOLD is developing into a “confined state,” and a decline in GOLD, which is inversely correlated with stocks, suggests a rise in the Nikkei 225. For detailed analysis, please check the paid section.

➥The continuation is explained in detail in a members-only report.

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● Use “Bollinger Band Demystified” to analyze daily charts

https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside

● Use “Harmonics Prescription” to draw the Zone where “charts should stop”Zone!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside

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