As a continuation to a glacier-paced trade from 22 JAN 2015, we are following the development of $AUDNZD's price action. Of late, a completed. Taking an alternate angle on the geometry by using the "Geo-Anchor" as a reference point to define the 1-4 Line, we are now looking at a potential target as defined in the following chart, below:
Overall, the background geometry is offering a probable rallying, against the predefined targets that were defined from a prior analysis (See: "EAGLE Trade Potential" here:
While the primary numerical target ("TG-1") has already been hit, the following targets remain pending:
1 - TG-2 - 0.77643 - 22 JAN 2015 - Quant-Target: High Probability
2 - TG-Hi = 0.79946 - 22 JAN 2015 - Qual-Target: Moderate Probability
3 - TG-Hix = 0.81815 - 22 JAN 2015 - Qual-Target: Lower Probability
4 - 0.83395 - 25 FEB 2015 represents a limit conversion level: If attained, analysis would require consideration of a higher timeframe in the order of 4 times its basis (If M15 level, then H1; If H1, then H4; If H4, then Daily; If daily, then weekly; and if weekly, then monthly).
Predictive Analysis & Forecasting
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Thank you for the heads-up.
Thank you for requesting an update on this one. I had tucked it away for the time being, as this pair is one that may certainly test a trader's patience.
Overall, the foreground Predictive/Forecasting Model's targets are unchanged, whereas the background geometry might need a slight adjustment.
Passing chart through Model offers a solid ground at:
... For now.