4xForecaster

$CAD vs. $JPY - Expecting A Geo-Based Decline To 93.028 #forex

Short
4xForecaster Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Geometry completes at 5-prime, making 94.00 a significant bullish entrenchment to consider first and foremost.

Level of Point-3 = 96.807 offers a probable short trigger value, corresponding to base of discreet nodular geometry.

On its own, Predictive/Forecasting Model remains intent on 90.005.

Background Elliott Wave appears to remain intact, as 4th wave terminates clear of Wave-1 territory.

Look for invalidation > Point-5'.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Comment:
07 NOV 2015 - Following is a cut/paste of the "Chart Update" and "Tech-Note" comments made in the discussion thread - I am merely moving them in this "Update Status" so as to keep it easily accessible and chronologically clear:

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21 APR 2015 - ADDENDUM:

Chart at time of release:

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David Alcindor


28 APR 2015 - Update:

From Twitter/LinkedIn:
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$CADJPY eyes 99.122 as probable structurally-defined level of reversal; Bearish:


$CAD $JPY $USD #BOC #BOJ #forex
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David Alcindor


29 APR 2015 - Update:

From Twitter/LinkedIn:
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$CADJPY stalls at 99.122 structure; Off-Set Rule defines more proximal support at 96.807:


$CAD $JPY $USD #BOC #BOJ
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David Alcindor


12 MAY 2015

Now, watch out for this DAILY:


Depending on the risk profile of your account, this makes for a great potential, as well.
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David Alcindor


03 AUG 2015:
Here is the DAILY chart - I have added bearish targets, in case it carves out lower-lows:


@HamedAghajani, expect your 60-min. chart to complete a 5', allowing price to relax to the UP-side with limitation based on Geo's Off-Set Rule, as price remains under bearish control.
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David Alcindor


21 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$CADJPY hit 93.295 target as forecast; Intent on 92.293, eyes 90.005:


$CAD $JPY #BOC #BOJ #loonie #yen $USD #forex
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David Alcindor


23 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
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$CADJPY hit all bear targets as forecast; Bulls readying in stand-by riposte:


$CAD $JPY #BOC #BOJ #loonie #yen
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David Alcindor


27 AUG 2015 - Chart Update:

@iefan - I have kept sight on this WEEKLY chart instead, wherein I have included your WW/Geo - Of note, I have entered a long position already, at the completion of the last bearish Qual-Target. This is a long play in the making, both in time horizon and frame.


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David Alcindor


27 AUG 2015 - Tech-Note:

Note how the RSI has been associated with significant moves relative to the prior highs, in the Fibonacci order of at least 0.386 (subsequently arriving at Point-1), or even extensions of at least 1.414 (subsequently arriving at Point-3).

Further downside is always a possibility, so a tight SL is (always is) in order.
 
Comment:
07 NOV 2015 - Chart Update / Tech-Note:

We're in this educational trade for the long haul ... I would use this as a whether-van. An interim decline remains a limited potential, whereas a long-term rally is still the forecast in force.

INVALIDATION of the Predictive/Forecasting Model should be set at BACA < 50% Line.


David Alcindor
Comment:
"Brain Chatter Rooms"

There are several "Chatrooms" in which I do most of the "brain chatter" with myself. These rooms are more like back-stage "ateliers" where I prepare educational trades in advance.

You are welcome to wipe the dust off of the windows and peek in. The glass is rather thick: I rarely reply to taps on the glass or even shouts from the door. I work very late hours in the ER and I use these moments to collect thoughts, ideas, concepts, and lay it out there in the open.

If you think this could be beneficial to friends, peers, family, and perhaps perk up their interest in more advance technical analysis than the over-traded patterns, then feel free to share these links with them.

These are all free analyses, all resulting from years of defining a Predictive/Forecasting Model. I appreciate your intelligent comment, insightful posts and kind referrals.

Best,

David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Best,


David Alcindor


PS: If you like certain charts, ideas, concepts, then given it a thumbs-up so I know which one to delve into and which one to lay off of. And, if you think these are ideas that can advance the edification of a peer, then I thank you ahead for sharing - I don't make money via memberships. Just trading my own ideas and free-sharing ... Just a better credential, if I may say so.

Cheers to your profitable trades,

David

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