JPYUSD is likely to break out of the yellow descending trendline.
2013-2023 cycle is similar to the 1989-1998 cycle.
In monthly timeframe JPYUSD broke down 6~7 years of upward rsi trendline, and in 2W timeframe it formed downward rsi trendline.
In previous cycle, JPYUSD rose for over a year after the breakout.
US10Y broke out of the orange rising wedge downward.
It bounced off of the teal upward trendline, retesting the rising wedge.
Last week it also printed inverted hammer candle stick.
Next support level would be 3.3%.
TROYUSD is about to break out the yellow descending trendline.
Over 90% of trading volume of it occurs on Binance and 24h volume is only 3 million dollars.
So it is somewhat risky to trade but looking chart is interesting.
It has been drawing descending triangle over a year and the current price is 93% down from the ATH.
And its bottom range is at the orange...
Ichimoku dead cross happened in daily DXY chart.
In previous three occasions DXY fell for about a month after the dead crosses.
It is likely to fall to 102.5 in March, and maybe 100.8 in April.
BTC.D finally arrived the last hurdle before the weekly downtrend.
There have been two bounces from the sky blue upward trendline forming a round-top structure between 51~55%.
Now there is no hurdle to 48.6% except some local highs/lows at 50.8% and 51.8%.
The weekly RSI retested the red upward trendline in October 2023 and is still 52.
When BTC.D touches...
ETH/BTC chart looks extremely bullish.
It brokeout the orange downward trendline in weekly timeframe and is reclaiming above the yellow upward trendline.
RSI also brokeout the downward trendline and completed the retest.
In addition, rsi divergence happened last year.
Because this is weekly timeframe, trend will last at least three months.
