nikitafx

nikitafx

USD/JPY has accomplished its wedge Double Top & breakdown later. Its intial target will be 119.20 area. However it is a part of downward trend wave. H&S neckline will be breached in May. Nikita FX (climbingfx.jugem.jp )

nikitafx

This is a wave analysis of Dow Transportation Index. It is now downward phase inside Green Flag Zone. Almost breakdown through the bottom line of Yellow Channel Zone. Due to the vertical width of Green Flag Zone, its downward target will be at 7700. I would say that mid-summer rally will be coming later. Nikita FX (climbingfx.jugem.jp )

nikitafx

EUR/JPY looks like a possible broadening pattern ? This is a 30-minutes Chart. If EUR/JPY cannot go beyond 128.58/68 (Alligator lower two lines), it will be plunging down to the bottom line of Yellow Zone. And then it will recover up to the broadening upper line. Nikita FX (climbingfx.jugem.jp )

nikitafx

The latest spike of USD/JPY was a typical wedge breakout (point: 118.92). And then present situation is inside a smaller bullish wedge Formation which target is 120.12. The former wedge is bigger than Pink wedge, so I would say USD/JPY won't be able to break through the Descending resistance line. Short term target is 120.12, and the next descending target is...

nikitafx

CNY/JPY has been keeping its Fractal wave pattern with USD/JPY so far. CNY/JPY has altready broken its mid-term uptrend support line (USD/JPY has not yet....) Therefore USD/JPY will be following CNY/JPY's downward wave C. Nikita FX (climbingfx.jugem.jp )

nikitafx

This is my latest wave analysis of WTI Oil Price so far. I would say still wave C-4 is going on right now. The most important thing is weekly Double breakdown was accomplished through the Long term upward trend line (Black line). Which means an extended Fib. 161.8% of the triangle width might be able to be calculated from the breakdown point of the triangle bottom...

nikitafx

This is my considerable wave analysis of EUR/USD since 1.3966 (2014.03/13) First of all, 1.3993 (2014.05/08) was an expanded Flat even though it was beyond 1.3966. Secondly wave 4 was too short to me.....however Final wave 5 did not complete yet. In this case wave 5 would be complicated, but the latest upswing was 5-sub-5-2-C. Final target will be...

nikitafx

This is my technical memorandum with USD/JPY's High downward Risk. First of all, Flag Pink line was already broken (target: 113.40 at minimum) Secondly, H&S neckline will be almost broken (target: 114.65 ) Third, if A=C case, target will be at 117.14 On the other hand, there are two Stronger, and Strongest trend supportive lines. 117.14 will be a good supportive...

nikitafx

GBP/USD is still going on with its larger Wave 5 (looks like being in Wave 5-sub-3-4-abcde). 4-E finished its top at 1.7191. Target of Wave 5 will be calculated with these two methods: A:1.7191-(Fib.61.8% of Wave 3: 2.0397-1.3501)=1.2929 B:1.7191-(vertical width of Triangle: 1.7042-1.3785) x 1.272=1.3048 There will be only 119 pips between A & B. Let's say...

nikitafx

This is my second edition regarding USD/JPY Big Picture. As I predicted with the last edition, IH&S neckline 2 was breached in the end of last year (which was beyond 120.00 level). So far IH&S neckline 2 breakout looks like a False pattern due to the coming wave Major-2 (which target will be at 111--112 ). Therefore we should wait for coming wave Major-3 (which...

nikitafx

AUD/JPY looks like a H&S neckline breakdown pattern which target will be at 80.75 area First of all, its neckline was already breached. Present situation is supported by Black ascending line, however next trial 4 will be breaking down with Black line. Even if still upward leg would be coming, Pink ascending line should be a resistance. Nikita FX (climbingfx.jugem.jp )

nikitafx

EUR/JPY looks like still being within Channel Resistance (Yellow Zone ). Situation is still quasi-neutral as far as being under descending resistance line 2. Fib. 38.2%(94.10--149.78) support:128.51 had already been breached. And weekly close (on Apr. 18) was below the 128.51. The target of Triangle (A, and B) breakdown looks like being extended such as x 1.272...

nikitafx

USD Index is breaching the Black trend line & Brown trend (Green Channel bottom) line. Therefore wave 4-C since 100.39 is heading downward for 95.75 area. I would say wave 5 will be coming later----Short, but Long later Nikita FX (climbingfx.jugem.jp )

nikitafx

GBP/JPY looks like being more clear than USD/JPY. Its Yellow Channel btoom line, and ascending type H&S neckline 1 were broken. therefore initial H&S target will be at 161.64. and possible deeper correction might be coming later. P.S: RS( Right Shoulder ) formation was an initial rejection of H&S breakdown. Nikita FX (climbingfx.jugem.jp )

nikitafx

USD/JPY had failed its breakout with broadening descending lines. And now H&S breakdown trial is progressing within the Yellow zone. Breakdown with the level of 118.60 will be leading a huge downward correction. Nikita FX (climbingfx.jugem.jp )

nikitafx

USD/JPY is still within the broadening descending channel after forming Double Top (121.84 & 122.02). And its wave direction is heading for the triangle crossing point at 116.66 (Apr.01). Since 118.33 it will be capped with the medium resistance line. Nikita FX (climbingfx.jugem.jp)

nikitafx

115.84 looked like a C wave Failure, and wave 2-E completed last night. New wave 3 upward trend has already started, I would like to mention. Nikita FX (climbingfx.jugem.jp)

nikitafx

Forget about USD/JPY's Triangle or Diagonal ABCDE..... I would say USD/JPY is still in bullish and it goes to 125.52 area if 119.67 (Blue oval zone: Crossing point of IH&S neckline & Green Channel bottom line on Jan. 26) will be breached.... According to the wave pattern of ABC since 115.84, it would be able to do it....