4xForecaster

$JPY Nears Target-High @ 106.614 | $USD $JPY #Yen #Nikkei #forex

FX:USDJPY   U.S. Dollar / Japanese Yen
635 29 10
Friends,

Model defined qualitative target high at 106.614:

- TG-Hi = 106.615 - 09 SEP 2014

These targets carry high-probability reversal (not just retracement), whereby price could potentially be repulsed down to carve lower lows.

Cheers,


David Alcindor
Predictive Analysis & Forecasting
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
thank you david you,re right Im sorry to have troubled you
+1 Reply
4xForecaster PRO manijeh.kazemi.33
@manijeh.kazemi.33 - No trouble at all. I was not sure what your question was. I am always glad to help whenever I can - David
+1 Reply
would you please post your trade set up once it has materialized kindly thats very kind of you if its no trouble for you
+1 Reply
4xForecaster PRO manijeh.kazemi.33
Hello @manijeh.kazemi.33 - I am not sure I understand what trade set up you are referring to. The post and commentary for this chart is twofold:

1 - Model signals a Qual-Target attainment and thus warns against a potential reversal

and

2 - If reversal was to occur indeed, the bottom target reflects a prop pattern (called Euclid).

Whether the reversal occurs remains a matter of probability, independent of the model and prop pattern's probabilities to pre-define a value for such eventuality.

David
David
+1 Reply
11 SEP 2014 - Forex Intel: Short-term Bullish US Dollar Positions Cancelled Against A Potential Longer-Term Fundamental Adverse Development - Is It Real?

"Danske's limit order to Short $AUDUSD (Short-Term) got canceled "

This is tantamount to cancellation of a $USD long position and a possible removal of support/bearish pressure over $USD. Hence, prepare to see major USD crosses reflexively react to a possible BEARISH $USD push.

Keep an eye on this possibility, especially here, as are already straddling the forecast target: "TG-Hi = 106.614 - 09 SEP 2014"


snapshot




A BEARISH $USD would indeed provide the reversal mechanism necessary justify the reversal purported by the Qual-Target. Considering that this face-about by major institutional banks goes against recent short-term positioning, I would assume that overriding fundamental pressures are developing, which would possibly be released in the news. I would look to chart development as to the potential impact of said fundamental development (if there truly is any such adverse and sudden event causing effacement of current short-term speculative positions - See more of these moves in this Forex Intelligence "Forex Intel" Room here: https://www.tradingview.com/chat/#xsmm44S00HaO5wCZ ).

Cheers,


David Alcindor
+1 Reply
10 SEP 2014 - Update:

* * * NEW Major Banks' FX Position * * *


=================
Credit Suisse entered $AUDUSD Short via filling a limit order at 0.92 (Short-Term)
=================
(Forex intel: https://www.tradingview.com/chat/#xsmm44S00HaO5wCZ )

David
Reply
thank david for this post very much
+1 Reply
4xForecaster PRO manijeh.kazemi.33
You are very welcome - David
+1 Reply
Hi david Hope you are fine what is zoar view on this pair now
+1 Reply
4xForecaster PRO manijeh.kazemi.33
Hello @manijeh.kazemi.33 - The analysis remains unchanged.

1 - Price hit target
2 - Target is a Qual-Target, thus susceptible to reversal (not just retracement), although the reversal may simply be a very deep double-bottom or down to less than 0.618 of recent swing (but then, that would simply be a deep retracement)
3 - Price has stalled right at the target line, posting a significant reversal geometric pattern called a Terminal Diagonal (or Ending Diagonal)

$USDJPY - H4 Chart: Total View:
snapshot


$USDJPY - M14 Chart: The Tipping Point ... To High-Probability Reversal:
snapshot



Cheers,


David Alcindor
+2 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out