4xForecaster

$EUR vs. $USD Continues To Move Towards 1.09373 As Forecast

FX:EURUSD   Euro Fx/U.S. Dollar
Yesterday, we did an initial study of the background nascent geometry (see it here:
Significant support at 1.06298/6241 Level | $EUR $USD #forex
). As the geometry was still unfolding, we strived to define Point-4 in the interest of entering a LONG position.

This exercise was aided by the method I develop, which simply consists of defining a "Geo Anchor", or a supportive inflection points that typically emerges out of Point-2 to Point-3 leg. This is in lieu of the rudimentary connection between points 1 and 2 - The benefit of the "Geo Anchoring" is that it optimizes the chance that price will return to it, as it will tend to find a more proximal residence. In contrast, the mere plotting of a standard 1-4 Line at these respective points is at times associated with near misses.


snapshot


Again, this exercise is for a background pattern analysis, whereas the foreground is represented by the product of a Predictive/Forecasting Model, which yielded the following qualitative targets:

1 - TG-Hi = 1.09373 - 22 APR             2015

and

2 - TG-Hix = 1.04020 - 22 APR             2015


As the geometry continues to move towards the definition of its Point-5 along its 1-3 Line, the Predictive/Forecasting Model remains the main feature of the price study.

Best,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter:
@4xForecaster

LinkedIn:
David Alcindor
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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
Hi David. I notice that that you've set a new up target for DXY. Interested to hear your thoughts on EURUSD?
+1 Reply
Hello @SunnyBTC - I already posted an update on $EUR earlier today - Let me know if this answers your question. If not, please elaborate:


-
Is $EUR vs. $USD Rallying Back To 1.38865? #euro #forex $bund



David
+2 Reply
29 APR 2015 - TECH-NOTE:

As just explained, this trade has reached all of its targets. Because this occurred in excess of TG-Hix, the H1 timeframe is now abandoned and I will post a chart illustrating price action at the H4 level, once there appear to be a sensible geometry coming through.

Thank you for following through this analysis - I hope it benefited some of you.

Best,


David Alcindor
+3 Reply
nikokoev 4xForecaster
Very nice David! Will whait H4 chart :)
+2 Reply
29 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$EURUSD rolled through all targets; "Off-Set" Rule moved likely support toPt-3 at 1.98476:

snapshot


$EUR $USD #ECG #forex
----------


snapshot



David Alcindor
+3 Reply
28 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$EURUSD hit target at 1.09373 from 22 APR; Further advance is LESS probable; Eyeing Pt-4 level reversal:

snapshot


$JPY #BOJ
----------


snapshot



David Alcindor
+1 Reply
iefan PRO 4xForecaster
Hi David. A internal geo might force price down? Did I place my fibs correctly?
snapshot
+1 Reply
@iefan - Yes.

Also, do not forget that KoD ... A higher attainment from current level is VERY probable, completing that KoD.


David
+2 Reply
SunnyBTC PRO 4xForecaster
Hi David, Iefan. KoD? What is that?
+2 Reply
Hello @SunnyBTC - A KoD is a repetitive pattern wherein a small parabola is followed by a larger parabola, sharing a leveled base, as follows:


snapshot



I have posted several opportunities in the pat when a KoD might develop. They are most powerful at significant historical tops/bots, and less see at relative highs/lows.

Is this answering your question?


David
+3 Reply
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