[Path to Dream_FX_6 currencies_market environment recognition and memo_20240602]
June 2nd, Sunday.
Good morning.
It was a Sunday with a rainy forecast,
but the sky somehow seems to be holding up.
I would like to omit “Wasting, Useless, Inconsistency”
and act steadily.
Will the momentum of the U.S. dollar
come?"
This will likely be the theme of June.
Now, let’s confirm.
The counts are at the close of daily charts.
【EUR/USD】
Monthly: 21st
Weekly: 3rd cycle, 35th/13
Weekly volatility: 100 pips
Daily: 4th cycle, 34th/23
4-hour cadence: 4th cycle, 11th/9
We interpret it as such.
Due to month-end rebalancing,
the EUR strengthened in the last week of May.
From now on, will the USD strengthen?
That will be the key point.
****************************
20240602_FX_MarketEnvironment_VideoExplanation
https://youtu.be/T8Pknqijsyk
*****************************
【EUR/JPY】
Monthly: 17th
Weekly: 3rd cycle, 26th/22
Weekly volatility: 173 pips
HPC: 2nd cycle, 61st/36
4-hour cadence: 6th cycle, 10th/8
We interpret it as such.
The waveform of month-end rebalancing
is well depicted by the
4-hour chart.
Since USD/JPY rose,
the final day of the month is expected to rise
to have increased.
【USD/JPY】
Monthly: 17th
Weekly: 3rd cycle, 23rd/19
Weekly volatility: 133 pips
Daily: 3rd cycle, 21st/19
4-hour cadence: 3rd cycle, 9th/7
We interpret it as such.
158.0 looks like a major resistance.
Is there momentum to rise?
Will there again be a chance for intervention?
That will be the key point.
If it becomes range-bound,
a dynamics of dollar strength, yen strength, and cross-yen weakness will emerge.
【GBP/JPY】
Monthly: 21st
Weekly: 3rd cycle, 25th/21
Weekly volatility: 198 pips
HPC: 2nd cycle, 60th/58
4-hour cadence: 6th cycle, 10th/10
We interpret it as such.
HPC is nearing its end.
If new highs are made,
the Day 1 on the daily would be considered
and the scenario would change.
The UK economy is a force to be reckoned with in comparison to the US economy.
【AUD/JPY】
Monthly: 15th
Weekly: 2nd cycle, 26th/22
Weekly volatility: 150 pips
HPC: 2nd cycle, 60th/36
4-hour cadence: 6th cycle, 11th/11
We interpret it as such.
A head-and-shoulders pattern might be visible on the 4-hour chart.
Monday at 10:30 should be a key point,
according to the forecast.
【NZD/JPY】
Monthly: 15th
Weekly: 3rd cycle, 26th/25
Weekly volatility: 131 pips
Daily: 3rd cycle, 31st/28
4-hour cadence: 4th cycle, 10th/10
We interpret it as such.
Whether it will break to new highs again?
That will be the key point.
NZD/USD seems to be greatly influenced,
so we will carefully assess the movement on the first day of June.
****************************
20240602_FX_MarketEnvironment_VideoExplanation
https://youtu.be/T8Pknqijsyk
*****************************
*****************************
DJI up by 574.84 dollars
US500 up by 0.97%
WTI at 76.89 dollars
Nikkei 225 at 38,487 yen, up 1.14%
****************************
Let us learn together.
https://www.gogojungle.co.jp/tools/ebooks/30872
【Iroha-gumi (168)_2】
Registration URL:
https://www.gogojungle.co.jp/tools/rooms/33239
Nōbitorei
Good morning.
It was a Sunday with a rainy forecast,
but the sky somehow seems to be holding up.
I would like to omit “Wasting, Useless, Inconsistency”
and act steadily.
Will the momentum of the U.S. dollar
come?"
This will likely be the theme of June.
Now, let’s confirm.
The counts are at the close of daily charts.
【EUR/USD】
Monthly: 21st
Weekly: 3rd cycle, 35th/13
Weekly volatility: 100 pips
Daily: 4th cycle, 34th/23
4-hour cadence: 4th cycle, 11th/9
We interpret it as such.
Due to month-end rebalancing,
the EUR strengthened in the last week of May.
From now on, will the USD strengthen?
That will be the key point.
****************************
20240602_FX_MarketEnvironment_VideoExplanation
https://youtu.be/T8Pknqijsyk
*****************************
【EUR/JPY】
Monthly: 17th
Weekly: 3rd cycle, 26th/22
Weekly volatility: 173 pips
HPC: 2nd cycle, 61st/36
4-hour cadence: 6th cycle, 10th/8
We interpret it as such.
The waveform of month-end rebalancing
is well depicted by the
4-hour chart.
Since USD/JPY rose,
the final day of the month is expected to rise
to have increased.
【USD/JPY】
Monthly: 17th
Weekly: 3rd cycle, 23rd/19
Weekly volatility: 133 pips
Daily: 3rd cycle, 21st/19
4-hour cadence: 3rd cycle, 9th/7
We interpret it as such.
158.0 looks like a major resistance.
Is there momentum to rise?
Will there again be a chance for intervention?
That will be the key point.
If it becomes range-bound,
a dynamics of dollar strength, yen strength, and cross-yen weakness will emerge.
【GBP/JPY】
Monthly: 21st
Weekly: 3rd cycle, 25th/21
Weekly volatility: 198 pips
HPC: 2nd cycle, 60th/58
4-hour cadence: 6th cycle, 10th/10
We interpret it as such.
HPC is nearing its end.
If new highs are made,
the Day 1 on the daily would be considered
and the scenario would change.
The UK economy is a force to be reckoned with in comparison to the US economy.
【AUD/JPY】
Monthly: 15th
Weekly: 2nd cycle, 26th/22
Weekly volatility: 150 pips
HPC: 2nd cycle, 60th/36
4-hour cadence: 6th cycle, 11th/11
We interpret it as such.
A head-and-shoulders pattern might be visible on the 4-hour chart.
Monday at 10:30 should be a key point,
according to the forecast.
【NZD/JPY】
Monthly: 15th
Weekly: 3rd cycle, 26th/25
Weekly volatility: 131 pips
Daily: 3rd cycle, 31st/28
4-hour cadence: 4th cycle, 10th/10
We interpret it as such.
Whether it will break to new highs again?
That will be the key point.
NZD/USD seems to be greatly influenced,
so we will carefully assess the movement on the first day of June.
****************************
20240602_FX_MarketEnvironment_VideoExplanation
https://youtu.be/T8Pknqijsyk
*****************************
*****************************
DJI up by 574.84 dollars
US500 up by 0.97%
WTI at 76.89 dollars
Nikkei 225 at 38,487 yen, up 1.14%
****************************
Let us learn together.
https://www.gogojungle.co.jp/tools/ebooks/30872
【Iroha-gumi (168)_2】
Registration URL:
https://www.gogojungle.co.jp/tools/rooms/33239
Nōbitorei
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