Expecting $EUR To Outperform $GBP | #ECB #BOE #forex #fibonacci

FX:EURGBP   Euro / British Pound


Predictive/forecasting model signals a nominal target attainment at TG-Lo = 0.73344, implying a high-probability reversal at this precise level. This target was defined today - There was no prior target defined at this level, so not a "Target Hit" announcement.


The background geometry supporting this view is a 3-point line-up of a quasi-WW - Since the 1-3 and 2-4 Line are not strictly convergent, this pattern falls under one I have priorly defined as a alternate WW, or AWW - Geometric             target rests at the level of AWW's point-4, or 0.87683.


The overall gist of price action is that of a bearish consolidation with multiple internal ZZ formations. This carries a high adherence to Fibonacci contractions of 0.618 and expansion of 1.618.

Looking at the contraction range, the 0.618 comes into close alignment with above geometric             Point-4 of AWW, here at 0.88533 vs. 0.87683.


Looking at the RSI-14             , its historical, albeit taut line up at 17.45 with a prior nadir reached in mid July 2012 is calling for a probable rallying from here, adding further credence to the geometry and predictive model biases.


On a comparative basis with other pairs or relative to the Dollar index             itself, recent analyses are expecting further advances in the $EUR and $GBP relative to the $USD, and decline in $GBP relative to $AUD. Therefore, the relative strength expression of $EURGBP is net bullish , favoring $EUR over $GBP - See links below for recent analyses on $GBPAUD as well as expectation of a decline in $DXY             and $USDollar:

Daily analysis:
4-hour snap:

$DXY             -

$USDollar -


Convergence of Fibs, market geos in support of the predictive/forecasting model supports a rallying from this current technical base. Insight into related currencies also point to intrinsic forces in favor of a $EUR outperformance relative to $GBP.

Stay tuned,

David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


David Alcindor

25 MAR 2015 - Update:

From Twitter/LinkedIn:
$EURGBP nears minor resistance @ 0.74031; moderate at 0.74972 nodule:

@tradingview $EUR $GBP $USD #ECB #BOE #forex

David Alcindor
+4 Reply
23 MAR 2015 - Update:

From Twitter/LinkedIn:
$EURGBP continues to rally significantly; Interim retracement is expected:

@tradingview $EUR $GBP #ECB #BOE

David Alcindor
+2 Reply
4xForecaster 4xForecaster
Addendum - Here is a close-up view of price turning at that level defined on March 10th:

More of these patterns, pearls and discussion on the "Advanced Market Geometries" thread (link: )

David Alcindor
+3 Reply
10 MAR 2015 - Update:

Look for the following level: 0.70663 in chart:

David Alcindor
+4 Reply
10 MAR 2015 - Update:

Now that price rolled all the way to a R/S level (see minor structure to the left of the price field), a support at this level has likely been reached.

In terms of geometric correspondence, the most important yet discreet event, is that of a perfect alignment with the background geometry's Point-4 with its 0.618-Fibonacci potential retracement level - See chart below:

In terms of individual currency behavior, look for strengthening in $EUR or weakening $GBP data, or both, which may carry this $EUR vs. $GBP relative strength to higher highs from here.

David Alcindor
+3 Reply
Hi David, do you expect EURGBP to reverse back up anytime soon?
What would be the TG-Lox for this scenario?

Thanks in advance
25 FEB 2015 - Update:

From Twitter/LinkedIn:
$EURGBP: Smaller TF reveals potential WW completion at 5-prime near 0.73020; Still Bullish:

@tradingview $EUR $GBP

David Alcindor
+2 Reply
heinz4ore 4xForecaster
so twisti,please give us a stop for this yummi-long!Thanks!
24 FEB 2015 - Here is the chart at time of new analysis:

David Alcindor
+3 Reply
Interesting...I was considering a sell here, but on the daily chart. Maybe a validation of 5" is possible, at least according to my analysis it is.
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