4xForecaster
Long

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

FX:EURGBP   Euro Fx/British Pound
Friends,


PREDICTIVE/FORECASTING MODEL:

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.


MARKET GEOMETRY:

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.


FIBONACCI LEVEL:

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.


RSI INDICATOR:

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.


RELATIVE STRENGTHS:

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:

$GBPAUD:
Daily analysis:
Backward Market Geometry | #technicalanalysis #forex #fibonacci

4-hour snap:
snapshot


$DXY             -
#USDollar Stands At Crossroad; Favors Decline | $USD $EUR $DXY


$USDollar -
Can A Full Basket Pop? | #USDollar $EUR $JPY $GBP $CHF $CAD $AUD



OVERALL:

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


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----

.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
25 MAR 2015 - Update:

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

snapshot


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


snapshot



David Alcindor
+4 Reply
23 MAR 2015 - Update:

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

snapshot


@tradingview $EUR $GBP #ECB #BOE
----------


snapshot



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


snapshot



More of these patterns, pearls and discussion on the "Advanced Market Geometries" thread (link:
Advanced Financial Market Geos - Educational Ideas & Discussions
)


David Alcindor
+3 Reply
10 MAR 2015 - Update:

Look for the following level: 0.70663 in chart:


snapshot



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:


snapshot



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
Reply
25 FEB 2015 - Update:

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

snapshot


@tradingview $EUR $GBP
----------


snapshot



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

snapshot



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.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out