Friday, 20 December 2013

YenDollar


Is this is a W5 or have we just started another huge leg up for the dollar ? :-)
I dont know but my feeling is that the correction was very flat,doji ish candles suggesting huge support for the dollar,another big leg down in yen
I will need at least a long tail candle on the monthly here to suggest otherwise.IF it is to reverse a sharpish reversal maybe around the solstice would be most likely but for now its a strong trend that has made new highs



also watching this daily chart.....could be in an ending diagonal ?


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