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Web thoughts-denzuko1.blogspot.com

My Charting Blog

It is interesting that I start off this Blog when the Singapore Stock Market is heading south. However, this makes it more interesting for me to write on as the market turned volatile. My interest is Technical Analysis, TA for short. I love to look at charts and predicting where they are heading. This blog is or me to record my thoughts on the market. The articles on this blog are based solely on my personal opinion on the charts that I read and readers should not take it as absolute.

4/06/2015

Japanee Yen Overview


I do not know how prudent is pattern formation in charting and how much would one counter honour the completion of this pattern.

Fig 1 JPY SGD Weekly chart

I was looking at JPY SGD weekly chart and I started to wonder as o how far back data there is?

Well, I got my answer, and it does not look good.

Looking at the chart, I can 't help but to wonder, " is there a possibility a top formation can stretched for more than 10 years? This formation started since 1986 till 2014. It recently broke through the neck line of a HUGE double top.

So does it mean JPY is going down to the time prior to 1986 and 100yen below SGD 1.00? If that is the can, is there something wrong with Japan now?

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