4xForecaster
Short

Update: Further Bearish Outlook | $AUD $USD #RBA #RBNZ #Forex

FX:AUDNZD   Australian Dollar/New Zealand Dollar
167 1 4
Friends,

Last week, we posted a bearish outlook and abysmal targets, both of which received added confirmation mot only by fundamental news emanating from a deteriorating Asian market this week, but empirically from the dynamic price decline that occurred since market's open this Sunday - Here is the most recent analysis in reference:
More Wolfe Lessons; Potential Short Trade Analysis | $AUD $NZD
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At this time, price has broken through the pattern's 2-4 Line, which represents a significant support. In fact, expect price to express a relief rally from current level, up to but limited by the underbelly of that same 2-4 Line, which will convert its support to an anticipated resistance element.

If and once this scenario plays out, both prior predictive analyses and forecasts should not be affected by such a limited rally. If any significant technical event occurred to the contrary, I would mention it based on the new data at hand.

Cheers,


David Alcindor
Predictive Analysis & Market Forecasting
- TradingView.com Moderator, Alias: 4xForecaster


PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.


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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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11 MAR 2014 - Tech-Note:

Quickly here: Price is moving in the forecast direction. No surprise interim event to contradict prior analysis. Feel free to share, refer and recommend my analysis to friends and colleague. Thank you - David Alcindor
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