4xForecaster
Long

$NZD Hit Target; Next: Sees 0.84838 Reaction | #RBNX $USD #forex

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
633 11 5
Friends,


As per predictive/forecasting model, price hit target dead-on. This occurred right about market close, which may be what this market needed to offer a surprise "releif rally" to the next model's target, defined last September 10th as:

TG-Hi = 0.84838 - 10 SEP 2014

(see recent analysis via TradingView's "Related Ideas" linked below).

More refined analysis and forecasting as market re-opens.

Have a wonderful week-end.

Cheers,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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Saoldric PRO
2 years ago
great to know that we share the same opinion. you posted a similar scenario a few minutes before me lol.
+2 Reply
19 SEP 2014 - Update:

From Twitter:
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$NZDUSD weaved around first target; RSI looks taut for a retrace ... To targets?

snapshot


@tradingview | $NZD $USD #Forex
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snapshot



David Alcindor
+1 Reply
23 SEP 2014 - Note:

Daily notes, technical commentaries, lessons and pearls will be provided in the "Predictive Analysis & Forecasting" chat room. Feel free to follow these added details there (Link: https://www.tradingview.com/chat/#5eHLst6YxeVqGlaO). Only significant technical events will be posted in this present discussion thread, so as to avoid too much unnecessary technical information for the trader and chartist interested only in major technical events.

David Alcindor
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kmk.msp 4xForecaster
2 years ago
NZDUSD is making WW pattern. Wants your guidance @david
NZDUSD
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
@kmk.msp - Both 1-3-5 and 2-4 Lines have to move in the same direction (i.e.: both are either sloping up or both are sloping down) and contract towards one another (i.e.: 1-3-5 and 2-4 are coming closer to one another) - Is this answering your question?

- David
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kmk.msp 4xForecaster
2 years ago
yes. thanks
Reply
24 SEP 2014 - Update;

From Predictive Analysis & Forecasting Chat Room - Link: https://www.tradingview.com/chat/#5eHLst6YxeVqGlaO
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snapshot



"Price remains taut per RSI in mid-20's.

Significant 50% symmetry has been achieved in recent price consolidation around the TG-1 level.

A H4 magnification (not shown here) also suggests a geometric completion of a potential WW/ vs. EW's Ending Triangle.

Overall: Current geometries favor rally. Look into your own familiar indicators for a possible relief rally from here.

David Alcindor "
Reply
kmk.msp 4xForecaster
2 years ago
rally for target of TG-Hi?
+1 Reply
4xForecaster PRO kmk.msp
2 years ago
At this point, price ignored TG-Hi. Instead, it moved on towards its lower target: TG-2 = 0.7866 - 10 SEP 2014.

snapshot


I would need to let price churn through its pathway before assessing the height of its reactive rally, which is expected to occur in a corrective fashion.

David
+2 Reply
HamedAghajani PRO 4xForecaster
2 years ago
Hi David. There is also a bullish Cypher completed on weekly TF at about the current price level. Kindly, Hamed
+1 Reply
4xForecaster PRO HamedAghajani
2 years ago
Thank you Hamed - David
Reply
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