4xForecaster
Long

Bulls Are Being #Franc, Pushing Back In Earnest $CHF $USD #forex

FX:USDCHF   U.S. Dollar / Swiss Franc
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7
1025 9
Friends,

As with the recent $AUDCHF trade released (see it in linked "related ideas"), this Swissy is showing some bullish impetus.

Predictive/forecasting Model eyes the following TWO nominal targets:

1 - TG-Hi = 0.94292 - 21 JAN 2015

and

2 - TG-Hix = 0.99346 - 21 JAN 2015


The Elliott Wave construct which characterized the recent bearish swing is likely to reiterate an equal, but opposite anatomy following a simple consolidation at the recent nadir, thus suggesting either the precocious rise of a large consolidation towards these loftier targets.

For now, Model favors a rallying.

A failure to rally should prompt our attention to higher timeframes, and look for declines to lower lows. However, for the time being, I would set eyes on 0.91299 as the next probable level of R/S corresponding to former bearish 4th wave termination level.

In contrast, a break of 0.88351 should guard us against any further bullish in-roads, and instead prompt us to consider 0.84977 as the bearish signal commitment. In which case, I would abandon this chart entirely.

Thank you for your continued readership and kind support,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter:
@4xForecaster
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29 APR 2015 - Update:

Looking at a new potential set-up here:





David Alcindor
+2 Reply
4xForecaster 4xForecaster
ADDENDUM:

From Twitter/LinkedIn:
----------
USDCHF: New potential geo set-up at thread's end:


- https://www.tradingview.com/chart/2LFFGLjU/


$USD $CHF #SNB #FED #forex
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David Alcindor
+2 Reply
18 MAR 2015 - Update:

From Twitter/LinkedIn:
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$USDCHF reaches into gap; Opens up to bearish targets; Bearish outlook:



@tradingview $USD $CHF #SNB #franc #forex
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David Alcindor
+3 Reply
ElPatron.Y 4xForecaster
Looks like a good opportunity
Reply
11 MAR 2015 - Tech-Note:


Excursion > 1.01381 would change the Model's directional bias


David
+2 Reply
ElPatron.Y 4xForecaster
Are you saying we get an reverse movement now?
+1 Reply
4xForecaster ElPatron.Y
Hello @Racks - Not sure what comment your question is referring to.

"Line in the sand" so to speak is as comment defined it: "Excursion > 1.01381 would change the Model's directional bias" - This simply means that for this timeframe, bears would lose their directional control if and once price breaks and closes above that mark.

In effect, this should prompt a re-analysis from a 4-times higher timeframe, implying that higher players have control of the underlying pair.


David
+2 Reply
10 MAR 2015 - Update: hit all targets; High-pro. Reversal:


From Twitter/Linked-In:
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$USDCHF hit all targets; High prob. reversal at 0.99814; New prob. bearish targets:



@tradingview $CHF #franc #SNB
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David Alcindor
+3 Reply
02 MAR 2015 - Update:

From Twitter/LinkedIn:
----------
$USDCHF carves higher-highs as forecast; Extreme bullish target remains intact:



@tradingview $CHF #SNB #forex $USD
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David Alcindor
+2 Reply
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