4xForecaster
Long

$NZD Nears Bullish Shark Completion; Sees 5-0 Completion #forex

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Traders,

There is little question that the fundamentals have pulled the carpet from underneath this export-dependent economy, and that a slumping Asian theater demand will do nothing supportive for this currency.

However, on a technical basis, there is a possibility of a Bullish Shark reversal at the 0.81335 level. This pattern is often flanked with its acolyte, namely the 5-0 pattern, whose namesake points to a 50% retracement of the Shark conclusive swing.

Overlay of predictive/forecasting model has produced the following probable targets - listed in expected chronological visits:

1 - TG-1 = 0.81335 - 10 SEP 2014

2 - TG-Hi = 0.84838 - 10 SEP 2014

and

3 - TG-2 = 0.7866 - 10 SEP 2014


As indicated earlier this evening in the Forex Intel             Room (link: https://www.tradingview.com/chat/#xsmm44S00HaO5wCZ ):

"ANZ hit target on its $NZDUSD Short circa 0.82 (Medium-Term) at a profit of +400 pips"

This major bank's relief of its bearish pressure on the $NZD supposes that a lightening up of institutional weight combined with above proposed technical reasoning, may indeed provide the mechanical lift to see it rise to the defined targets above.

I will continue to use this chart to post $NZD-related charting and technical commentaries, including occasional Forex Intelligence on major banks' FX positioning from linked room above.

Cheers,


David Alcindor
Predictive Analysis & forecasting
Denver, Colorado - USA


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Twitter: @4xForecaster
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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
hello david what is zoar view on this pair now
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4xForecaster PRO manijeh.kazemi.33
@manijeh.kazemi.33 - As per forecast. No change in prior analysis - David

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kmk.msp 4xForecaster
@DAVID. Yes it is following the path you told as well as audnzd is going towards 0.5 fib retracemenet.
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Good. All is well. Birds are singing and Model is working. Thank you @kmk.msp - David
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David, can't really say it's a shark, missed 113 AB-C preojection, although, the 88.6 looks like a support, and possible 5-0 node for a 50 fib ret. Than again, neither the potential shark, nor 5-0 met the basic criteria of 113.
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fximperija 4xForecaster
Can't believe I was wrong for such a long time. Thanx for pointing this out.
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