4xForecaster
Long

#Yen At Significant Support | #Nikkei $JPY $USD #forex #BOJ $Yen

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

As indicated in recent predictive/forecasting model commentary, USD has gained strength. Applying a EW model, one might appreciate a supportive argument for the proposed bullish bias of the predictive/forecasting model.

Fundamentals also suggest strengthening of the greenback against a continued dilutive monetary policy .

Net outlook is BULLISH for the $Yen.

Cheers,


David Alcindor
Predictive Analysis & Forecasting


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Get my signals, forecasts analyses via Twitter: @4xForecasting
Discuss charts in my new chat room in TradingView.com
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14 MAY 14 - Chart Update:

Moving on down as per forecast - Analysis just released on Twitter (alias @4xForecaster) at this following link and text:
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Friends,

Here is a short update:

Since the signal announcement this yesterday, the $Yen plunged gradually, then precipitously towards the forecast TG-1 = 101.631.

This signal followed a preceding bullish signal that say all three targets getting hit consecutively, before we turned to this short-term short opp.

At this point, TG-1 remains in force and intact, as the predictive/forecasting model has not produced any contradictory signal to perturb the current forecast.

The colored arrows in the chart speculate a probable price action path and do not reflect a timing anticipation - Until then, good profits!

Cheers,

David Alcindor
Predictive Analysis & Forecasting
TradingView moderator

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Get instantaneous signals, forecasts, analyses from Twitter
- Alias: @4xForecaster
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Cheers!

David Alcindor
+1 Reply
12 MAY 2014 - Twitter Signal/Trade Recap:

$USDJPY Recap:
1 - Directional prediction held
2 - TG @ 101.919 hit
3 - TG @ 102.085 hit
4 - TG @ 102.234 pending

Cheers,


David Alcindor
Predictive Analysis & Forecasting
TradingView Moderator


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Follow me on Twitter for instantaneous, free signal, analysis, forecast
- Alias: 4xForecaster
(All analyses, signals and forecasts use 100% home-grown, hand-made thru TradingView.com fantastic suite of technical tools
- So join, share and grow the TradingView community with us)
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Reply
4xForecaster 4xForecaster
Note: As indicated before, watch for a possible reactive a-b-c low via a corrective wave, given the EW model. However, my prop model has remained correct so far, as market open strongly in the direction of the forecast targets:



I would like to see a price closing ABOVE the prior weekly candle by the time the US market closes.

Cheers,


David Alcindor
Reply
4xForecaster 4xForecaster
12 MAY 2014 - Last update:

$USDJPY Recap:
1 - Directional prediction held
2 - TG @ 101.919 hit
3 - TG @ 102.085 hit
4 - TG @ 102.234 ... Hit!

Cheers,


David Alcindor
Predictive Analysis & Forecasting
TradingView Moderator


-------------------------------
Follow me on Twitter for instantaneous, free signal, analysis, forecast
- Alias: 4xForecaster
(All analyses, signals and forecasts use 100% home-grown, hand-made thru TradingView.com fantastic suite of technical tools
- So join, share and grow the TradingView community with us)
------------------------------
+1 Reply
4xForecaster 4xForecaster
13 MAY 2014 - Those interested in a counter-trend trade at a smaller timeframe, get my Twitter signals. New pattern completed and new target set ... Does NOT contradict long-term bullish target and directional bias.

Cheers,

David Alcindor

PS: Twitter alias: @4xForecaster
Reply
4xForecaster 4xForecaster
Chart update for counter-trend potential:



David Alcindor
Reply
I support this Trade :)
+1 Reply
Ah ah! Merci Serge - David
+1 Reply
Bitcoin 4xForecaster
Nice tennis match between you and Dan. :) Looks like stale mate. Dan asked me to do a quick analysis a couple of days ago and I came up with the EW wave being complete and coupled with a rising then falling wedge concluded a corrective leg down to 94 in the cards. I did this without knowing any of the TA from you fine fellows at that time so it is an independent viewpoint. :) That was my Natoshi's worth. lol Game continues on today with match set at duece imho. :)
+1 Reply
Hi, @Treveley - Thank you. DanV's input is valuable, as his EW analysis - if correct - would offer a very objective wave-based directional analysis. It's not meant to be a competition, but an overlay of two maps with light shining through. Where the lines intersect is one interesting thing, but where they diverge is where the market's lessons are.

Any significant decline below Sunday's open would tilt the short-term directional bias of my instrument.

David Alcindor
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