mr_mirror

mr_mirror

My trendline built on macro indicators holds well and gold bounces on it Let's go for 1500 in June!

mr_mirror

Today same bounce as yesterday on this trendline. Target: 2500 usd in 2 months.

mr_mirror

Gold is bouncing nicely on this trendline based on macro analysis.

mr_mirror

Few months ago I published this chart. Black trendline shows parabolic divergence of USDJPY since YCC start. Trend has been quite close until first high, then BoJ open market operations moved it down a bit. Grey trendline was my hypothesis in case of BoJ intevention, so grey line is the new reference. Here we are. Good luck BoJ

mr_mirror

Last idea " has usdjpy gone ballistic already " was based on a 1 month timeframe trend. The chart is consistent, BoJ intervention did not change the trend so far. Let's wait for month close, though. On a shorter TF like 1W, 1D we can see BoJ intervention pushed USDJPY a little away from my ballistic trendline for a few trading hours; now it is back in...

mr_mirror

It looks like USDJPY is spiraling out of control. As government bonds 10y interest is artificially kept under a given level, and given inflation expectatios, usdjpy explodes. BoJ is not able to stop the rise, except for some short-lived attempts. This attracts speculators for easy money, driving further up usdjpy, more inflation, more yield curve control, more...