Market Forecast 04-04-12

EURJPY: Likely topping on daily and weekly charts after a 5 wave advance.

We should now look for an ABC pullback of 38-62% of the bull move up. Look to sell rallies if the 15 to 240 minute trends are heading down. See the weekly forecast chart for the Euro-Yen below:

eurjpy weekly chart for april 4

The chart below provides the daily analysis on the currency pair.

eurjpy daily analysis euro yen

DJI (DOW): At least for now, the US stock indexes are confirming their tops. Sell rallies!

If stocks go down, so too may oil, gold, silver, etc, since they have all been running correlated for a long time now.

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