Ascending Triangle spotted on AUDJPY with target around 2.40.
Base on the correlation of two known studies, projected target of eurjpy is around 144.50. - Theory about GAP, indicates that gap tends to get filled. No matter how long it will take. Sometime in the future it will always be filled. - Measured move target is in correlation with the location of the gap. The only factor missing in these two studies in time. Can't...
The DXY right now seems to be completing the end of wave C. The wedge formation is now visible. I am expecting a rally upon breakout of the wedge. A bullish divergence can also be seen on our MACD, indicating a possible short term reversal for the Dollar.
Bullish rising triangle seen on 15M timeframe. Can be clearly viewed also in 1H.
A pinbar right at the 50MA was formed after NZDUSD has pulled back towards the breakout point. Trend is bias downward and I'm seeing a bearish rising wedge.
Possible bullish wave count for the dollar.