Bullish Outlook As #BoJ Might Ease | $JPY $USD #Nikkei $USDX
Friends,
With recent fundamental news revealing a failing Abenomics regimen, combined with increasing oil prices and weakening levels of consumption weighing on its export-dependent economy, one might expect that the BoJ might once again think about pulling on that easing level once more. Or at least sooner than later.
PREDICTIVE ANALYSIS = BULLISH, PENDING CONFIRMATION:
Independent of these fundamental developments, predictive analysis signals an early bullish market reversal (pending confirmation), while an interim unwinding is expected from current levels ($103.250).
FORECASTING EYES 105.378
If and once a bullish market reversal confirmation occurs, our forecasting methodology falls in line with both a proprietary Great Shark Pattern as well as a historical structure that straddle the years 2013 and 2014. That target is defined as "TG-Hi = 105.378 - 10 MAR 2014".
PRICE ACTION:
Interim price action is defined by the blue arrows for the purpose of defining likely supports and resistance levels. Hence, a geometry-based support is anticipated near 102.002, which is anticipated to keep our directional bias and predictive analysis in the Neutral-to-bullish range.
OVERALL:
Fundamental and technical events are coming to close alignment in their (anticipated) pronouncement of a bullish reversal in the $JPY, although interim retracement might occur and a bullish market reversal remains pending at this time. Hence, we will maintain a "Neutral" sticker for now until a new signal to the contrary (either bearish or bullish) indicates otherwise - See a similar "far-fetch", yet successful forecast made in $Copper here:
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Cheers,
David Alcindor
Predictive Analysis & Market Forecasting
- TradingView.com Moderator, Alias: 4xForecaster
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
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Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
With recent fundamental news revealing a failing Abenomics regimen, combined with increasing oil prices and weakening levels of consumption weighing on its export-dependent economy, one might expect that the BoJ might once again think about pulling on that easing level once more. Or at least sooner than later.
PREDICTIVE ANALYSIS = BULLISH, PENDING CONFIRMATION:
Independent of these fundamental developments, predictive analysis signals an early bullish market reversal (pending confirmation), while an interim unwinding is expected from current levels ($103.250).
FORECASTING EYES 105.378
If and once a bullish market reversal confirmation occurs, our forecasting methodology falls in line with both a proprietary Great Shark Pattern as well as a historical structure that straddle the years 2013 and 2014. That target is defined as "TG-Hi = 105.378 - 10 MAR 2014".
PRICE ACTION:
Interim price action is defined by the blue arrows for the purpose of defining likely supports and resistance levels. Hence, a geometry-based support is anticipated near 102.002, which is anticipated to keep our directional bias and predictive analysis in the Neutral-to-bullish range.
OVERALL:
Fundamental and technical events are coming to close alignment in their (anticipated) pronouncement of a bullish reversal in the $JPY, although interim retracement might occur and a bullish market reversal remains pending at this time. Hence, we will maintain a "Neutral" sticker for now until a new signal to the contrary (either bearish or bullish) indicates otherwise - See a similar "far-fetch", yet successful forecast made in $Copper here:
Cheers,
David Alcindor
Predictive Analysis & Market Forecasting
- TradingView.com Moderator, Alias: 4xForecaster
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
