Just food for thought.
We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012.
The Pound could start rallying well into 2016 if this forecast isn't invalidated.
Similar to the Euro             , I will only look for long opportunities in these pairs, unless the chart calls for a very good short.


Trade closed: target reached
This is a weighted average, but not a true picture of the currency in terms of sentiment. The calculation is off.
You're right, it's not perfect. It did work somewhat to predict the path and timing of the moves though.
Rocketman PRO IvanLabrie
Try adding a parameter for the currency relative to its trade-weighted partners, for example: http://varianse.com/Basket-Live-gbp.html <-- this site has done it. Here is a calculation that New Zealand's central bank has for is Trade Weighted measure of the effective exchange rae:
Rocketman PRO Rocketman
It doesn't show my calculation....interesting..
Interesting, email that to me, a screenshot would do: ivanlabrie at yahoo
Looks like the vertical advance now leads us back to the mode.
Hi Ivan,

How did you create this chart ? I cannot get it on my charts it says invalid symbol.
Hi, you need to input the following in the search symbol field:


Then hit enter and presto.

BTW, target not reached, I think the Pound rally will continue some more.
HEmmanuel PRO IvanLabrie
Nice one Ivan, many thanks for this. I will try it when I get back home. Yea you a right, pound is still strong and will continue the rally for a while. Today both Pound and US dollar have been in correction mode across the board.
Very stop uptrend, we reached low volume resistance. Might cooldown a bit.
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