the index is on long-term uptrend but a bearish correction is expected for couple of weeks with abcd pattern , overbought on stochastic , and reaching 1.27 on fibo levels , the bearish move wil continue till the 0.681 fibo of the uptrend ( japenese yen pairs are mostly for sell in these couple of weeks especially against usd )
it's clearly obvious that eur/usd is now on up trend after the last week candle closed above the weekly kigun and the chart is now flying over the kumo cloud , but the price arrived to a very important level : 1.1410 wich is level 1 on trend-based fibonnaci extension , so a correction is expected to the level 1.1230 ( the level 0.5 fibo of the first wave ) with a...
