4xForecaster

#USDollar May Recover ALong Wolfe Wave | $USD #euro #forex

FX:USDOLLAR   Dollar Index
Friends,

A punishing day that was for the US Dollar             today, upon central bank words that a rate hike would likely be delayed.

The move in the USDollar             index weaved a familiar Wolfe Wave geometry, completing at its Point-5, as shown in the following chart:


snapshot


Based on this 4-hour chart, one should consider the probability of a reactive rally. Look for a commitment (BACA) across the 1-3 Line, with a high-probability attainment of the 1-4 Line, the exact price level being likely at a corresponding 0.618 or 0.786 Fibonacci value.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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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
02 JUL 2015 - UPDATE:

From Twitter/LinkedIn:
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#USDOLLAR retests prior target level corresponding to Point-4; Mulls 1-4 Line validation; Bears still in charge:

snapshot

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snapshot



David Alcindor
+1 Reply
28 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDOLLAR hit target as forecast at 11917; Opens to lesser probability 1-4 Line:

snapshot


#USDollar $USD #euro $XAU #forex
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snapshot



David Alcindor
+1 Reply
Sokun 4xForecaster
Would the usd have to hit the 1 4 line befor xua and euro start moving twords there tg?
+1 Reply
Hello @Sokun - Sorry I did not read/answer your question sooner.

This is a very valid question, as it addresses the synchronous action of price across Forex and indices.

Very often, you will see that one would reach a target, then consolidate, giving time for another chart (be it a similar index or a completely different vehicle, such as a correlated Forex pair) to complete its own move. This is best seen between $USDollar and $DXY for instance as far as indices, or say $XAUUSD and $AUDUSD, as far as index vs. correlated Forex pair comparison.


David
Reply
26 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDOLLAR nears resistance ahead as forecast; Bears remain in force:

snapshot


$USD #euro $XAU #gold #usdollar $DXY #forex
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snapshot



David Alcindor
+2 Reply
22 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
-----------
$USDOLLAR moving as forecast; Testing geometry underside; Bulls remain in charge:

snapshot


#USDollar $DXY #euro $USD $EUR
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snapshot



David Alcindor
+2 Reply
19 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDOLLAR rises as forecast; Expect resistance, pushback at geometry's underside:

snapshot


$USD $EUR $JPY $GBP $CAD #forex
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snapshot



David Alcindor
+4 Reply
18 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDOLLAR under fundamental lift; Expect probable cap at level defined in chart:

snapshot


$USD $EUR $JPY $GBP $CAD #forex
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snapshot



David Alcindor
+4 Reply
18 JUN 2015 - UPDATE:

As per Geo's OffSet Rule, this geometry is now falling under the geometric rules of the Geo, defining the level of Point-4 as the new HIGH-PROBABILITY target, whereas the 1-4 Line now falls back to a lesser probability level (Geo's "OffSet Rule"):


snapshot



David Alcindor
Reply
4xForecaster PRO 4xForecaster
18 JUN 2015 - In effect, this suggests that the USDollar will likely remain subdued to bearish pressures, and continue to behave with consistence to yesterday's central bank decision, which is likely to weigh on the USD over the next days or weeks.

David Alcindor
+1 Reply
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