4xForecaster
Long

Update: Second Target Hit | $EUR $USD $USDX

FX:EURUSD   Euro Fx/U.S. Dollar
364 4 4
Friends,

A quick note here to mention that our second target "TG-Hi = 1.38997 - 15 FEB 14" got hit as of this market closing day, and this following yesterday's first target "TG-1 = 1.38632 - 15 FEB 14" hit at prior candle.

While our system indicates growing internal weakening, nothing yet has come out to indicate imminent reversal. Hence, the directional bias remains intact, and the loftiest target, defined at TG-Hi = 1.39508 - 05 MAR 14 remains a possibility.

Cheers,


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


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)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
sayaz
2 years ago
1.38632 great call David!! Was surprised that candle tore up as high as it did.. Got awfully close to 1.39, looked a little premature from my perspective.
Reply
4xForecaster PRO sayaz
2 years ago
Hi, @sayaz - Yes, thank you. The take-away here is that even though trendlines can be very powerful and essential to a simple trading plan, the predictive analysis was aiming for a target price value that required crossing above that multi-year trendline (technical), right at the time when Europe faced yet another turmoil (Ukraine) independent of its dire economic conditions (Euro crisis), combined with improved US data. All this should have cause a lower Euro, but instead, price transgressed its long-term trendline against all expectation.

The outlook at this point remains bullish per system, but my trader's directional bias is turning bearish, especially AFTER the high-mark target ("TG-Hi = 1.39508 - 05 MAR 14") is hit. At that point, I would expect a 50% retracement.

Thank you for the kind feedback.

Cheers,

David Alcindor, MOD
Reply
08 MAR 2014 - Tech-Note:
- Commitment of Traders & Resulting Net Speculative Positions

EURUSD = Bullish


Traders,

According to the following CFTC's COT data for the week of March 03rd, the directional biases have moved as follows:

$EUR = +
$JPY = +
$GBP = +
$CHF = +
$CAD = -
$AUD = -
$NZD = +

Implied $USD = -

Hence, based on the CFTC's data, the net speculative positions held by non-commercial players for the EURUSD pair is net BULLISH , based on a Bullish preponderance in EUR positions and Bearish preponderance in USD positions, yielding a net POSITIVE value in the expression of this pair's relative strength.

Cheers,


David Alcindor, MOD
Reply
4xForecaster PRO 4xForecaster
2 years ago
10 MAR 2014 - Addendum: Momental Line

Added Momental Line Study | $EUR $USD $USDX #Euro


David Alcindor
Reply
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