Tuesday, March 24, 2015

Korean Currency (Won)

Dear: my friend( Lee, ung ha)
Whenever you asked me about the future of Korean currency Won, I feel like tiresome from you to explain it by way of a routine.  

From now on
I wish you to independent from me
I think that the chart language to be adopted and be used on your business is not difficult more than you have thought. Please be patient and listen to me  
I will introduce the simple pattern to you, so to speak “the ladder pattern
I hope you not to ask me again and again about Korean currencies future
Best regards    
Yours Cassandra  

Korean Currency (Won)
On Weekly chart



It is Korean currency chart (Won) in weekly
You may see the blue line acting as resistance line long terms view
So that you would better predict its lower trend line as supported line
It will be suported less than 1000 Wan in long terms view, more or less within 1 year


Daily chart
Koreran Won



See the above daily chart especially Blue lines.
Comparing both odd and even numbers, you may see what ladder Patten is
But odd number 9 has been breakthrough
It means “no more keeping on Trend”
Hence
You would better make new plan for collective wave

30 min. chart


The above is Korean Currency (Won) as Ladder pattern (blue color)
See again both Trend line in side of Ladder pattern
And see even and odd numbers you may approach here as methodology of inductive idea
And jump into conclusion that it has been acted as resistance and supported lines

Hence
You would better prepare with short terms view which is supposed to be traced with odd numbers



  

Saturday, February 7, 2015

One year later of USD/JPY (IV)

One year later of USD/JPY (IV)
  

  It seems to be progressed by the CORECTIVE wave for the time being, more than a half year even a year.
You would better take a positon only for downtrend for 6~12 months after that
It seems rebound again for uptrend
And means that the macro view of the wave in monthly chart scale is not dead rather keeping going on the uptrend
For 6 month I wish you not to expect it is going to “UP”
Today’s issue are, if so, what the level of price will be supported?
Yes!
It is a meaningful question
The answer is the 10 ma ( 10 month moving average line)
Let us see more details about the chart   


Monthly chart of USD/JPY




     is “V” signal of Bollinger band which I recommend you to wait. Now it is the shape of what I expected
     is the dead cross signal of Stochastic I recommend you to wait. Now it is the shape of what I expected but insufficient ( I have required the bellow 80% of the overbought)  
     is 1 or 3 impulse wave ( never mind!  It is only “name it”)
     is 3 or 5 impulse wave ( never mind!  It is only “name it”) but the most meaningful of the③ and ④ are not just name. Rather it is a significant of “the size of wave and it’s equivalently copy of the wave, so to speak, it is proportional size of “③ = ④” Don’t you think it is not same size of the wave? And then it is not reasonable conclusion of the corrective wave?
     is the 10 month moving average(10ma) which should be acted as supported line when it is the end of corrective wave     

see more details of it and comprehend it’s history of my blog

Von voyage!