What is the Naniwa Chart Doctor, Shinto Masao's Intermediate Wave Strategy! | Episode 19 Dollar Index Cycle Analysis [Shinto Masao]
Many people are highly interested in trending markets where profits can be substantial, but aren’t interested in scenes without trends, are they? To reliably capture profits on a trend, you must master the phase called the intermediate wave, where a trend has not yet developed. Here, Masao Shindo will teach us how to tackle such intermediate waves.
*This article is a reprint and rewrite from FX Tactics.com April 2021 issue. Please note that the market information described in the text may differ from current market conditions.
*In this series, the term “intermediate wave” has no relation whatsoever to the intermediate wave in the Ichimoku Cloud.
Masao Shindo Profile
Shindou Masao. He serves as a strategist and technical analyst under Kojiro Tsukeza’s Office (Tsukeza Kojiro Office, Co., Ltd.), with Tsukeza Kojiro as representative. He posts various chart analysis ideas on TradingView.
Twitter：https://twitter.com/masao_shindo
Cycle Analysis of the Dollar Index
Hello everyone. Last time we analyzed the “Dollar-Yen” from the perspective of the “cycle.” From a cycle viewpoint, we could forecast where the bottom would form.
Forecasting is not predicting; it is something you measure in advance. If the market moves similarly to the previous cycle, we hypothesize when the bottom will occur; if the market forms a very strong trend against that, the cycle will extend, and if the market moves in small steps, the cycle will shrink. By becoming sensitive to changes such as whether the current chart has strengthened or weakened compared to the forecast movement, you develop the flexibility to adapt to market dynamics.
This time, we will analyze the current state of the “Dollar Index,” which must be checked when trading FX. The world’s key currency is the dollar. Its moves differ against the euro and the yen, among others. The Dollar Index is useful for observing the dollar’s overall movement. Now, let us see what can be learned from the Dollar Index.
