2018.1.29 FX-ON posting time 09:10 Dollar/Yen price movement forecast and scenario
Dollar/Yen Outlook: Reviewing the Previous Dollar/Yen Movement Forecast
I’m visiting my wife's parents almost every day, and I can’t help thinking that the baby changes a little every time we go.Yesterday they looked more like dad, today more like mom, so their faces drift toward one side each day, which is endlessly fascinating to watch.
As for Friday’s dollar/yen price movement forecast, it was almost spot on.
I would greatly appreciate it if you could keep spreading word about this dollar/yen price movement forecast article.
I’m confident that it’s at a level where promoting it won’t be embarrassing at all.
Regarding the EA, it hasn’t shown results yet, but since this logic is built in, I believe it will yield results in the long run.
Though I’m new to creating an EA, I’ve encountered some glitches and am busy fixing them, I haven’t moved an inch from the basic logic.
Yet, when I look at the backtest, there are explosive periods over ten years, and I sometimes think perhaps I developed the logic and achieved results during one of those boom periods.
Even so, it’s quite rare to have a first-ever EA with a positive expectancy and a return above a PF of 1.0.
Previous Dollar/Yen Forecast (click the image to go to the article)
Previous Dollar/Yen Forecast: Dollar/Yen 15-minute Chart
Today’s Dollar/Yen Forecast: Building a Scenario for Dollar/Yen Movement
The daily close has moved into the flag range, hasn’t it? In the support email, around 1/24 we suggested that there was a possibility of testing the 107 yen region based on the daily chart situation. By the way, Stock-Measure’s target rate is around 107.600 to the mid-to-lower 106s. Chart patterns suggest a potential drop to the mid-105s as well. From a trend perspective, selling is seen as dominant. Strategically, selling on a rebound might be the higher-probability approach.＜Posted 2018.1.29 08:20＞
● Scenario 1
If it breaks above the range of 108.600–750, it would rise to around 108.850–900 after a pullback, then range-trade or adjust. A breakout above the range would push toward 109.000–050; a breakout below the range or an adjustment would pull to around 108.600. After rising to around 109.000–050 again, it may range or adjust there. If it breaks higher again, it could reach around 109.450–600.
● Scenario 2
If it breaks below the range of 108.600–750, it could fall to around 108.500–450, then range-trade or adjust. A breakout below the range would
continue on the site.
If it breaks above the range of 108.600–750, it would rise to around 108.850–900 after a pullback, then range-trade or adjust. A breakout above the range would push toward 109.000–050; a breakout below the range or an adjustment would pull to around 108.600. After rising to around 109.000–050 again, it may range or adjust there. If it breaks higher again, it could reach around 109.450–600.
● Scenario 2
If it breaks below the range of 108.600–750, it could fall to around 108.500–450, then range-trade or adjust. A breakout below the range would
continue on the site.
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