Wednesday, May 27, 2015

Has the euro bottomed? I kinda think so......

June euro daily chart
  The euro looks to have put in a 1.2 1.2 so far and i will be watching for a green candle  and a subsequent break of the b wave to set up the wave 3 higher. we will see what happens here. as all the currencies are lining up

japanese yen formation complete?????

 Japanese yen has possibly completed the 5th wave with maybe a bit more down to go but for this formation to stay valid it must not move beyond 8019 on the June futures contract. (this could bottom this evening. )  I'm currently waiting for a conformation green candle day before jumping in here. Maybe some kind of spinning top doji