The Dollar Index is currently facing a significant, but discreet hurdle at 98.39. A break above 98.66 would indicate further headway towards the bearish entrenchment, defined by 99.49/99.91 range.
Predictive Analysis and Forecasting Model offers a limited upside potential given this first hurdle condition met, with a nominal/qualitative target defined as:
TG-Hi = 10.08 - 08 APR 2015
If a geometry develops, we will add this to the current string of Forex charts in which we revealed interesting and successful Hit Target education trades: tradingview.com/v/W4GwjLu0
As posted before, the long-term outlook remain bullish for USD. However, this does not exclude the possibility of a bearish interim.
Stay tuned,
Predictive Analysis & Forecasting Denver, Colorado - USA
1 - Internal is reaching its ectopic point-5 at 5', suggesting a high-probability support at price level corresponding to Point-4 of that same internal geometry per Geo's Off-Set Rule.
and
2 - Larger geometry completed a 1-2 Leg requirement of a Geo, which demands a standard reciprocal ab = cd symmetry (alternates symmetries are much rarer), whereas the 2-3 Leg may seek completion in the days ahead.
Note how the larger geometry offers its "Tunneling", based on the Geo-Anchor (green star), which represents point-a of the ab = cd symmetry in the smaller Geo. This interplay may be premature, but worth following for the time being - See following chart for ilustration:
David Alcindor
4xForecaster
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28 JUN 2015 - UPDATE:
From Twitter/LinkedIn:
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DXY hit target at Wolfe Wave's 1-4 Line; Remains subdued to bearish trench:
Now that the Fed's rate decision is out of the way, perhaps we can return to the charts with less of a feeling of risk of some surprising, adverse decision, no? In any case, the predictive analysis and forecasting and ensuing targets have not changed, either in this chart or any other Forex, commodity or index chart I have constructed over the past days, weeks, or months.
Here, the USDOLLAR remains unchanged in terms of what to expect. The foreground targets are intact, whereas the background geometries remain speculative. In this particular case, I am looking at the possibility of the Geo offering a mechanism of descent towards the bearish targets defined by the Predictive/Forecasting Model.
It would require a significant adverse excursion in the order of a 5-prime (5'), even 5-second (5'') point definition to achieve this, especially as it would gradually limit the reactive rallying of price to the price level of Point-4 or that of Point-3, as the Geo's Off-Set Rule comes into play (i.e.: Geo's Off-Set Rule #3 and #4, respectively).
For now, here is what appears to come out of the background:
David Alcindor
4xForecaster
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Here is the same daily chart, defining 5' and 5'' together:
David Alcindor
4xForecaster
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17 SEP 2015 - Chart Update:
As long as 98.33 hold, the probability of downside remains higher:
David Alcindor
4xForecaster
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10 JUL 2015 - UPDATE:
From Twitter/LinkedIn:
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DXY daily chart remains bearish w/ price still subdued to predefined resistance level:
Hi David, possibly a decline due to this WW