August 20 (Wednesday): [Bollinger Bands] Nikkei 225 vs Dollar-Yen
This time
"USD/JPY"
will be compared.
[Overall Scenario Probability]
This week's overall market is…
"Rise: 50% ／ Fall: 50%"
Note: Direction is unclear, but downside risk is favored
Note: Presented as a reference level.
[This Week's Market Focus Points]
This week, focus on the moves of USD/JPY and the Nikkei 225. USD/JPY forms a [Squeeze] on the Monthly to Daily charts and a [Closed state] on the 4-hour chart, with tight consolidation around the moving average in both. The major question is which way the moving average will tilt from here.
Meanwhile, the Nikkei 225 continues to expand on the Weekly chart, showing a bullish tendency. However, depending on lower-timeframe price action, the moving average could turn downward, posing a risk of a substantial drop.
Additionally, the four major U.S. indices show divergent directions; the NASDAQ is likely to move from a [Closed state] to [MA reversion], but because the Russell 2000 is forming a bullish candle, the overall downside dominance is not yet confirmed.
Going forward, changes in moving averages and correlations between indices will be key.
➥The remainder is analyzed in detail in the members-only report.
If you are not yet registered, please click here ↓
● Use "The Encyclopedia of Bollinger Bands" to analyze daily charts
https://www.gogojungle.co.jp/finance/navi/series/1613?via=articles_detail_aside
● Use "The Prescription of Harmonics" to draw the Zone where charts should stopZoneand see how it works!https://www.gogojungle.co.jp/finance/navi/series/1668?via=articles_detail_aside
(Note: The following is restricted to members.)
