20180306 Lite (Daily Foreign Exchange News)
Hello!! This is MK fund (^▽^)/
Thank you always for your support.
Thank you always for your support.
From the Tokyo market to the London market the other day,
the Nikkei Stock Average continued to fall,
and due to the Trump administration's trade war and the Italian political situation
there was a sense of caution, leading to risk-off yen buying, dropping to
105.35 yen.
However, in the subsequent New York market,
as concerns about a US-centered trade war that had strengthened last week
eased, the unwinding of the risk-off moves occurred,
leading to stock gains and bond selling (yields rising),
with stronger yen selling, rising from the 105 yen region to
106.24 yen.
as concerns about a US-centered trade war that had strengthened last week
eased, the unwinding of the risk-off moves occurred,
leading to stock gains and bond selling (yields rising),
with stronger yen selling, rising from the 105 yen region to
106.24 yen.
Technically, following the fractal price movement since last week
the price rose in a multi-timeframe upward wave,
but was held down by the 1-hour cloud and the 8-hour conversion line,
creating a development where the upside is capped.
※As of the most recent 8 o'clock, attempts to break above the cloud are underway.
Continuing to pay attention to the 1-hour cloud position and the 8-hour conversion line as resistance,
and to gauge momentum through waves and follow that direction.
and to gauge momentum through waves and follow that direction.
The daily chart is pulling back from a downtrend, but
from the flow of rising toward the 4-hour cloud twist,
and considering the cycle of the 26th change day on the weekly chart for the late-spans price rise,
there is a scenario that requires caution for a further rise.
We will align support and resistance across multiple timeframes.
Let's do our best today as well.
The recent development is as follows.
--Tokyo Market--
The Nikkei average fell for the fourth consecutive trading day in the morning,
sliding from around 105.73 to 105.42 yen.
Thereafter it remained range-bound around the mid-105 yen.
sliding from around 105.73 to 105.42 yen.
Thereafter it remained range-bound around the mid-105 yen.
--London Market--
Due to caution about a hung parliament in the Italian Parliament, risk-off yen buying intensified,
pushing it down to 105.35 yen.
However, afterward, because large option bets at 105.50 yen and option barriers at 105.00 yencaused defensive buying, it rebounded to the 105.60 yen range.
pushing it down to 105.35 yen.
However, afterward, because large option bets at 105.50 yen and option barriers at 105.00 yen
--New York Market--
As concerns about a US-centered trade war began to ease,,
it unwound the previously ongoing risk-off moves, leading to gains in stocks and selling of bonds
(yields rising) and yen selling.
it unwound the previously ongoing risk-off moves, leading to gains in stocks and selling of bonds
(yields rising) and yen selling.
U.S. stock indices that opened up in the green rose further,
and the Dow Jones rose as high as about 400 dollars above last week’s close at one point.
U.S. 10-year treasury yields rose from about 2.82% to the high 2.89% range,
pushing the upside from the high-105s to the 106.24 yen level.
and the Dow Jones rose as high as about 400 dollars above last week’s close at one point.
U.S. 10-year treasury yields rose from about 2.82% to the high 2.89% range,
pushing the upside from the high-105s to the 106.24 yen level.
In that context, technically the 1-hour contrarian value and nearby actual price lows
support the multi-timeframe upward wave,
and the fractal movement since last week continues to move higher along the wave set,
while the 1-hour cloud and the 8-hour conversion line cap the upside,
demonstrating a solid and functioning development.
support the multi-timeframe upward wave,
and the fractal movement since last week continues to move higher along the wave set,
while the 1-hour cloud and the 8-hour conversion line cap the upside,
demonstrating a solid and functioning development.
-----Technical Outlook-----
From the Tokyo market to the London market the other day,
the price rose in line with the 1-hour upward wave, temporarily pulling back,
but the multi-timeframe upward wave line provided support
and it again moved above the 1-hour upward wave
Subsequently, in the NY market, from the convergence of the conversion line and the upward wave line,
it rose sharply.
It moved into the cloud, testing the area above the cloud.
the price rose in line with the 1-hour upward wave, temporarily pulling back,
but the multi-timeframe upward wave line provided support
and it again moved above the 1-hour upward wave
Subsequently, in the NY market, from the convergence of the conversion line and the upward wave line,
it rose sharply.
It moved into the cloud, testing the area above the cloud.
“Today's image” is yesterday's entry point.
In the foreign exchange newspaper e-version, the above content as well as yesterday's entry points and future predictions and analyses, etc., are published in a substantial volume of about 4,000 characters
six days a week.
Here is a portion of the popular “Foreign Exchange Newspaper e-version” being distributed by MK fund (Sunday through Thursday).
The content details the reasons for entries and important lines to watch, with images and explanations.
We also have a free trial campaign, so please check the introduction page. (You can also view a sample here.)
Additionally, we offer services for various analytical contents useful for analysis.
Would you like to include concepts of time such as date-pattern analysis and price range observation in your analysis?
This will certainly improve the accuracy of your entries.
Introduction page: http://mk-fund.com/lp
Homepage: http://mk-fund.com
The content details the reasons for entries and important lines to watch, with images and explanations.
We also have a free trial campaign, so please check the introduction page. (You can also view a sample here.)
Additionally, we offer services for various analytical contents useful for analysis.
Would you like to include concepts of time such as date-pattern analysis and price range observation in your analysis?
This will certainly improve the accuracy of your entries.
Introduction page: http://mk-fund.com/lp
Homepage: http://mk-fund.com
× ![]()
