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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, August 30, 2006

Yen Chart 2

Dollar Yen Daily Chart Courtesy of Dynamic Trader

Here is a daily chart of the Yen. Based on history, you can see how accurate fib time has been. The high of December 5th 2005 and the low of May 18th 2006 has projected the high (0.382), low (0.50) and high (0.618) very accurately. The recent high of 0.618 fib time is the 26th August & possibly a wave 2 or B.

Please do your own analysis before taking on this or any other trade.

Good luck and good night.