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4xForecaster
Jun 4, 2015 4:55 PM

Potential Rallying; Predictive Model Eyes Bullish Targets #forex Long

U.S. DOLLAR / CHINESE YUANICE

Description

Friends,


PREDICTIVE/FORECASTING MODEL:

Predictive/Forecasting Model eyes the following BULLISH targets:

1 - TG-Hi = 6.5473 - 04 JUN 2015

and

2 - TG-Hix = 6.6721 - 04 JUN 2015






MARKET GEOMETRY:

A break > Point-3 of the background geometry would still see significant resistance to any advance, with a Wolfe Wave / Geo. potentially illustrating the change of a push back. If this occurred at Point-5, then a temporizing decline could occur down along the 1-4 Line. However, based on Geo's Off-Set Rule, a rallying significantly above Point-5 (exacting Point-5') would likely limit such pull back to the level of price Point-4 (circa 6.187).


MOMENTAL LINES:

Note the dominant lines throughout the chart, which form significant dynamic price-pacing supports and resistance. These are likely to play a role in the nascent geometry, as well as subsequent price advances.


OVERALL:

Bulls have defended their territory at the 6.187 level. This level may be temporarily violated, but invalidation of above analysis should come if and once price breaks-below/closes below Point-2 of the geometry, circa 6.1100.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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David Alcindor
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Comment

UPDATE - USDCNY/2D - 16 SEP 2017:

All bullish targets HIT:



David Alcindor
Comments
4xForecaster
02 SEP 2015 = Chart Update:

Keeping pace with forecast pathway; Nears resistance:





David Alcindor
4xForecaster
01 SEP 2015 - Chart Update:

Price continues to move in the forecast direction:





David Alcindor
4xForecaster
02 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
----------
USDCNY under bearish pressure; Limited downside as shown; Predictive Model remains bullish:



#PBOC SHCOMP CNY
----------





David Alcindor
4xForecaster
07 NOV 2015 - Chart Update / Tech-Note:

Price tests levels below the Nodular Core, but remains closed above it. This is likely to remain a support, as the Predictive/Forecasting Model remains bullish:



David Alcindor
4xForecaster
23 SEP 2015 - Chart Update / Tech-Note:


Original predictive analysis & forecasting remains intact; Interim decline remains probable, subject to the Geo's Off-Set Rule #3:





David Alcindor
4xForecaster
11 SEP 2015 - Chart Update / Trade Opp:





David Alcindor
4xForecaster
10 SEP 2015 - Twitter/LinkedIn Update:


USDCNH continues strict adherence to forecast; Rolls toward bearish target after hitting bullish target:



#yuan


David Alcindor
iefan
Great forecast David, thank you for sharing and updating!
4xForecaster
ADDENDUM - Twitter/LinkedIn Update:


CNH vs. CNY falls as forecast; Hits all bearish targets; Waiting for on-shore to intervene?



#yuan #renminbi


David Alcindor
4xForecaster
06 SEP Chart Update:





David Alcindor
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