Outlook for the market next year 2018
The year 2017 is coming to an end.
This year, generally speaking, there was less volatility and many people may not have made much profit.
The star of the year was undoubtedly cryptocurrency.
Whether it was a bubble or not, at least on long-term charts you don’t see such a rising trend very often.
Whether it crashes or not, 2018 is expected to be a year of attention for cryptocurrencies.
Now, to the main topic of the exchange rates: At the end of 2017, the market remained in a fairly optimistic mood as the year closed.
In the USD/JPY chart, at the end of the year there were quick drops followed by immediate buying on dips, giving the impression that the rate recovered quickly.
Even with bad numbers in the U.S. employment data, the market fell briefly and then bought back, returning the rate to its previous level.
And the climax wasThe Dow Jones Industrial Average
The Dow, which influences all trading instruments, is currently at historical highs and staying high.
Not as dramatic as Bitcoin, but an overshoot chart appears toward the end of the trend.
What’s interesting is that the magnitude of the move from the 2016 lows during the Trump rally exceeds the magnitude of the moves during the Lehman Shock sell-off.
In the final stage of a trend, when a lot of participants rush in, rates accelerate and overshoot charts tend to appear more easily.
Furthermore, even on an Elliott wave basis, it is highly likely that the formation of the current fifth wave has completed.
What I’m trying to say is that technicallywe are at a dangerously high price level.
I’m not trying to alarm you.
Even so, there is also a strong possibility that prices will rise rapidly regardless of such technical considerations.
However, as the market adage goes
The market is born from pessimism
grows within doubt, matures with optimism and
disappears with a sense of happiness
If you take these sayings as lessons, one cannot deny that the current market is in an optimism phase.
In April, if Governor Kuroda’s term is not extended
In September, Abe’s resignation in the presidential election
War with North Korea
Trump’s resignation due to the RussiaGate issue
Even just four risks came to mind.
Isn’t that impossible?
Brexit in the UK and the election of President Trump also happened despite being said to be impossible.
Historically, things once deemed impossible have often become reality.
We may currently be at a historically pivotal moment.
In 2018, the year that marks 10 years since the Lehman Shock
Let’s stay alert and prepared.
Blog here. For those who want to understand the essence of the market, please
To those who wish to win in FX trading – The Path to a Consistently Winning Trader
This year, generally speaking, there was less volatility and many people may not have made much profit.
The star of the year was undoubtedly cryptocurrency.
Whether it was a bubble or not, at least on long-term charts you don’t see such a rising trend very often.
Whether it crashes or not, 2018 is expected to be a year of attention for cryptocurrencies.
Now, to the main topic of the exchange rates: At the end of 2017, the market remained in a fairly optimistic mood as the year closed.
In the USD/JPY chart, at the end of the year there were quick drops followed by immediate buying on dips, giving the impression that the rate recovered quickly.
Even with bad numbers in the U.S. employment data, the market fell briefly and then bought back, returning the rate to its previous level.
And the climax wasThe Dow Jones Industrial Average
The Dow, which influences all trading instruments, is currently at historical highs and staying high.
Not as dramatic as Bitcoin, but an overshoot chart appears toward the end of the trend.
What’s interesting is that the magnitude of the move from the 2016 lows during the Trump rally exceeds the magnitude of the moves during the Lehman Shock sell-off.
In the final stage of a trend, when a lot of participants rush in, rates accelerate and overshoot charts tend to appear more easily.
Furthermore, even on an Elliott wave basis, it is highly likely that the formation of the current fifth wave has completed.
What I’m trying to say is that technicallywe are at a dangerously high price level.
I’m not trying to alarm you.
Even so, there is also a strong possibility that prices will rise rapidly regardless of such technical considerations.
However, as the market adage goes
The market is born from pessimism
grows within doubt, matures with optimism and
disappears with a sense of happiness
If you take these sayings as lessons, one cannot deny that the current market is in an optimism phase.
In April, if Governor Kuroda’s term is not extended
In September, Abe’s resignation in the presidential election
War with North Korea
Trump’s resignation due to the RussiaGate issue
Even just four risks came to mind.
Isn’t that impossible?
Brexit in the UK and the election of President Trump also happened despite being said to be impossible.
Historically, things once deemed impossible have often become reality.
We may currently be at a historically pivotal moment.
In 2018, the year that marks 10 years since the Lehman Shock
Let’s stay alert and prepared.
Blog here. For those who want to understand the essence of the market, please
To those who wish to win in FX trading – The Path to a Consistently Winning Trader
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