4xForecaster
Long

$GBP v $CAD Eyes Lofty 1.98420 Targets | #BOE #BOC #crude #oil

FX:GBPCAD   British Pound/Canadian Dollar
Friends,

$GBPCAD             has been kind to us in terms of letting the Predictive/Forecasting Model remain tethered to the actual price action - See the following frames illustrating the prior successful forecast:

$GBPCAD-4Hour Chart: 6 months ago
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SOURCE: "$GBP v $CAD - Wolfe Wave Completes; Model Eyes 2.08057 "
bit.ly/1OvHueq


Today, we are returning to this pair as we consider the #crude #oil correlation this is likely to submit to. As you may already know, the $CAD is highly correlated to the price of oil             . As I have provided in the recent analyses with $USOil ( Crude Oil             pricing), an interim rally was called to reach 42.57 - Following are the frames that define the imminent hit of that target ... The dates of the chart are inscribed within the top-left corner:

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SOURCE: "Anatomy Of A (limited) Retracement"
http://bit.ly/1P4yLv7

As of today (14 APR 2016), the 42.57 target remains pending and quite imminent, as price engaged into a consolidation pattern. Now, considering the correlate in $GBPCAD             , where the positively correlated $CAD is thus expected to decline with the expected reversal in $USOil, the result would carry $GBPCAD             to the levels define, namely the Fibonacci's 0.386, 0.500 and 0.618 in order of decreasing strength of probability of attainment:

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The dashed arrow offers a probable pathway with pre-defined R/S levels.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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Twitter: @4xForecaster
Linked-In: David Alcindor
TradingView.com: 4xForecaster
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Comment: 05 JUN 2016 - Chart Update / Tech-Note: Hit FIRST Target

As forecast, $GBP vs. $CAD hit its first high-probability target, based on the Fibonacci core internal retracement levels (38.6, 50 and 61.8%) - Analysis and forecast is also triggered based on market geometry offered through the completion of a WW/Geo and based on the Predictive/Forecasting Model which sees comparable targets:

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Best,

David Alcindor, CMT Affiliate #227974

PS: I offer a private course to advanced technical traders - Only 1-2 students per month, since this is an open-ended course in which I reveal all proprietary patterns and methods, including the "secret" method I have been using to predict and forecast all and any financial markets - If interested, take a look at the generic course outline (each course is tailored to the student, based on proficiency level) here: http://bit.ly/1U0tIka - David
Superb.
+1 Reply
Impressive analysis with all the charts that one could look for in 1 overview. Superb indeed!

I'm looking forward to seeing how this will pan out. On the contrary it's interesting that your bearish view on USDNOK remains. I have no knowledge on the Canadian economy, but on first glance I would say it's in better shape (and central banks aren't looking to cut rates further) than the Norwegian economy.
+1 Reply
Hi David. your analysis very useful for me.
many thanks
+1 Reply
So far so good! Negative on USDNOK and positive GBPCAD proves to be correct so far.
Reply
@david. As i am already your student due to your accurate models, how i become your course student. I want to learn from you sir.
Regards
kmk.msp
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