Timing is key

Long range forecast for the Kiwi!

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
439 7 12
Hello all,

This is a great example how we are able to capture the price action by simply choosing a different low for the origin handle in order to see if the price action is respecting the parallels. In this example the 1st clue was the 50% upper fork level followed by a nice bounce off the median line .The next BIG clue was the direct hit off the upper parallel followed by two touches off the quartiles (25% levels). Now that we have scoped the price action it much easier to interpret the future direction of price. The biggest clue being the ZOOM bar through the median line followed by the textbook kickback before continuing south.

Note how well the first mini fork is capturing this massive sell off


Hello Hamza,
Your analysis is sound, I expect the Kiwi to pull-up to better reflect it's earlier trajectory with the smaller pitchfork and then continue down, With the bottom large parallel as target the price range is taken from the from the intersections from one extreme warning line to its opposite. Obviously we can narrow the target the closer we get, as well as the timing, The midpoint being around middle of 2016. Hope that makes sense. From my readings, Andrews used to take shorts off this style of fork, the minor pullbacks to either the ML, MLH & WL"s as to ride and get on strong downward trends.
+1 Reply
Timing is key Timing is key
sorry the price range target on chart is between 60550 & 62500
+1 Reply
Timing is key Timing is key
(61958) Target met.! 61958 so far....lower parallel target will be the Touchdown!! will look at a closer time frame to sharpen the pencil!!
HamzaLeith Timing is key
Thanks! I will be aiming for that region. Always good to have two seemingly different TA approaches yielding the same outcome. Good luck to you sir.
+1 Reply
Timing is key HamzaLeith
Good call Hamza!!
Great Idea Timing, as usual!!. My analysis (EW combined with fib ex confluence and stochs for wave confirmation) yields similar forecast, I see a possible correction coming up around 0.65 possibly to 0.70-0.72 and then trend continuation downwards. My target from there is not yet clear since no follow up waves have taken place after the correction, I can't project anything. The 2.272 fib extension of wave nr 1 yields 0.6025 for now. Could you please elaborate more on your target?? Cheers, Hamza
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