May 28 (Wed): [Bollinger Bands] Nikkei 225 vs. USD/JPY
This time
『Dollar-Yen』
will be compared.
【Overall Scenario Probability】
This week's overall market is…
“Rise: 55% ／ Fall: 45%”
*Presented as a reference level.
【This Week's Market Watch Points】
This week's focus is at a crucial turning point for both the Dollar-Yen and the Nikkei 225: whether the reversing upward trend will continue or whether a correction will begin.
The Dollar-Yen has rebounded from the -2σ of the monthly chart, but depending on the band’s widening, a sharp drop could be seen due to expansion.
The Nikkei 225 has also broken above the MA on the weekly chart, suggesting further upside; however, the daily chart’s +2σ represents a major resistance zone and requires caution.
Also, as the four major U.S. indices appear to be undergoing a time-adjustment, signs of another rise are emerging. It is at a point where trend judgments are at a crossroads, so it is necessary to carefully assess the interrelations of each timeframe.
For more detailed analysis and scenario assumptions, please check the paid version.
➥The continuation is explained in detail in the members-only report.
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● 'A Deconstruction Guide to Bollinger Bands' for analyzing daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
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