4xForecaster

Builds Support @1.04391; Remains L/T Bullish | $AUD $NZD #forex

FX:AUDNZD   Australian Dollar / New Zealand Dollar
Friends,

I initially entered this pair @ 1.03882, and closed this long position today in anticipation of the following analysis.

As announced earlier today (see dated tweet on this pair), the pair is likely to recover towards its 50% level. However, price stalled at the 38.2% Fib level, suggesting that a transient recovery in $NZD could pull the pair back towards the highlighted zone, representing a high-probability reversal bullish entrenchment, circa 1.04391.


PREDICTIVE ANALYSIS & FORECAST:

As a prior TG-1 was hit and price declined further than anticipated, the model produced a new new numerical primary target, defined as a Tg-1-prime, while the other targets remain in force, as follows:

1 - TG-1' - 1.2574 - 22 JAN 2015

2 - TG-2 = 1.15084 - 30 AUG 2014

and

3 - TG-Hi = 1.19207 - 30 AUG 2014


PATTERN ANALYSIS:

There are TWO background patterns worth considering at this point:

1 - A dominant Bullish Shark , which prompted the reactive swing to the upside that peaked yesterday

and

2 - A Bearish Wolfe Waves pattern, which rests in the shadow of that recent Shark , highlighted in BLUE. A conservative support is expected at the level corresponding to Point-4, which defines a potential support ahead of the predictive/forecast bullish entrenchment, and thus gives this area a likely rebuttal level from bulls.

This level of Point-4 is defined in the chart at 1.04646.


OVERALL:

I have kept the directional indicator under neutral for this timeframe, although a practical trade at H4 should consider this an interim BEARISH retracement.

Thank you for your readership and thumbs-up support. It helps me estimate which pair is most followed.

Cheers,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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David Alcindor
Alias: 4xForecaster

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08 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$AUDNZD rose from hit target at geo's 5-prime; Eyes geo target @ 1.0475/1.052 range:



@tradingview $AUD $NZD #forex
----------





David Alcindor
+2 Reply
IvanLabrie 4xForecaster
In EW terms it's possible it wasn't an ending diagonal at all, yet this pattern seems to help trade it.



Interesting long potential, that's for sure.
+1 Reply
03 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$AUDNZD completed 5-prime; Now eyeing reversal to 1.03268/1.03385 range:



@tradingview $NZD $AUD #RBA #RBNZ #forex
----------





David Alcindor
+2 Reply
02 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$AUDNZD hit lowest prob. target; Triggers high-prob rally; Supported by geo; Eyeing 1,0775:



@tradingview $AUD $NZD
----------





David Alcindor
+3 Reply
takefal 4xForecaster
I make this one and wait (1H timeframe)!!!!!
Reply
takefal takefal
ups... where is the chart? https://www.tradingview.com/e/DgwJxQjd/
Sorry David....
Reply
23 MAR 2015 - Update:

From Twitter/LinkedIn:
----------
$AUDNZD rallies nicely off of background geometry completion; Bullish targets intact



@tradingview $AUD $NZD #forex
----------





David Alcindor
+2 Reply
HamedAghajani 4xForecaster
Hi David. An Extremely Bullish Harmonic Impulse Wave is forming at the proximity of you defined TG-Lox in H-1 time frame. at about 1.007
+1 Reply
4xForecaster HamedAghajani
Hello @HamedAghajani - Yes, there begins to be a cluster of geometric coming into convergence right around that level - David
+3 Reply
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