The prognosis for week 4 of May 2022 is: Neutral
This assessment in no way considered financial advice.
This week on AUDJPY the refactoring took place per forecast. It produced a spinning top and an inside bar. The volume was down from last week but this was expected as the currency re-organises itself. This candle opens the door for any direction next week. Looking at the tails of the last two candles one can see the tail lines are forming a support line. This may hint at the next series of candles.
This assessment in no way considered financial advice.
This week on AUDJPY the refactoring took place per forecast. It produced a spinning top and an inside bar. The volume was down from last week but this was expected as the currency re-organises itself. This candle opens the door for any direction next week. Looking at the tails of the last two candles one can see the tail lines are forming a support line. This may hint at the next series of candles.