November 12 (Wed): [Bollinger Bands] Nikkei 225 VS USD/JPY

【This Week’s Market Focus Points】

This week the market is at an important turning point.

The Dollar/Yen is in a bid to rise due to daily chart time adjustment with an upward MA caused by the previous 21 bars’ closing price decline, indicating an upside bias. The weekly trend channel state is expected to continue, but the monthly chart’s +2σ remains as a resistance band, which will set the upward target.

The Nikkei 225 is being supported by an upward daily MA and has reversed to rise; from here, attention is on whether it returns to the trend channel state to continue rising, or whether it will turn downward with a 1:1 wave pattern forming a weekly Pin-bar

The four major US indices are in a state near a crossroads around the MA, able to move in either direction; Bitcoin is held down by its downward MA, which weighs on upside potential. Bitcoin’s movement will be a key for the overall market direction going forward. Including the inverse correlation with GOLD, see the paid section for a detailed analysis.

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

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● Try analyzing daily charts using “The Deconstruction of the Bollinger Bands”

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

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

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