4xForecaster

$USD v $SGD: S/T Bearish; L/T Bullish; 50% Support At #fibonacci

FX_IDC:USDSGD   US DOLLAR / SINGAPORE DOLLAR
a year ago
Friends,

In the most immediate terms, $USDSGD is expected to meet significant headwinds at 1.46884, although the Predictive/Forecasting Model, perceives a possibility of a more proximate bearish entrenchment at the 1.43398 mark.


snapshot


In the longer-term (L/T) prospect, the Predictive/Forecasting Model defined the following qualitative targets:

1 - (L/T) TG-Hi = 1.53511 - 04 SEP 2015

and

2 - (L/T) TG-Hix = 1.57801 - 04 SEP 2015


PROSPECT:

In the most immediate term, I would pay particular attention to the aforementioned 1.43398 and 1.46884 marks - These targets are defined as Qualt-Target and Quant-Target, respectively, such that:

1 - (S/T) TG-Hi = 1.43398 - 04 SEP 2015

and

2 - TG-1 = 1.46884 - 04 SEP 2015


SEEKING SUPPORT: WAVES, FIBONACCI & STRUCTURES:

If price BACA > 1.43398, then give it a chance to express an internal Elliott Wave 5th wave extension up to 1.46884, a level at which bears are expected to significantly push price back.

If price reaches that level, a Fibonacci retracement to its 50% level should be considered, based on concurrent structural levels in the 1.31653 vicinity, which would represent 1st wave completion (not shown) in terms of Elliott Wave development.


GEO             DEVELOPMENT:

In terms of occult geometry, there is room here to consider the possibility of a Geo             expression, with its 5-point plots defined as follows:


snapshot


1 - 1-2 Leg remains a reciprocal ab = cd symmetry. For those familiar with the Geo             , Point-2 described in this particular Geo             is adjusted as a departure point. True Point-2 remains a the base of the Geo             . A similar adjustment is made for Point-4 wherein the departure from termination of Elliott Wave's point-2 serves as an adjustment to this Geo's Point-4, whereas the true Point-4 would rest where the current Elliott Wave's 4th wave correction is defined - More on these adjustment in subsequent lessons.

2 - 2-3 Leg remains a complex Elliott Wave DZZ or TZZ. In reference to the adjustments just mentioned, you will see that the true Point-2 ("T2") and Point-3 would be connected by a zz-imp-zz internal construction, or simply a DZZ.

3 -3-4 Leg is typically a simple Elliott Wave ZZ, as in this particular case.This is also the point of repose of TWO discreet, but important technical events:

a -- The Geo's Point-1 falls in line with Geo's Point-4

b -- Point-1 of the Geo             represents a higher-degree EW Wave-1 termination level in line with a lesser EW wave-4 termination level. Expect this level to be re-visited as we move forward, which is what the "Model" defines as a strong structural level of support.

Note that as price crosses above the 1-3 Line, Point-5 receives validation, but an ectopic point-5 as 5' is more probable.

An alternate pathway would otherwise offer the following possibility:


snapshot



In this particular case, the Geo             would take into consideration a reaction to the most proximal TG-Hi = 1.43398 target, the expected support at 50.0% Fibonacci = 1.31653, and a reactive rally to complete Point-5 of the Geo             at the longer-term TG-1 = 1.46884.


OVERALL:

Limited upside potential in the most proximate timeframes. A foreground Predictive/Forecasting Model is net bullish in the longer frames, but warns of a significant pullback at finer granular frames. Heed the Geo's plots as a probable mechanism of transition between these S/t and L/T frames.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----


.
a year ago
Comment: 29 OCT 2015 - Twitter/LinkedIn Update:

$USDSGD moves as forecast; Hit, reversed from 1.433 target; Expecting 0.386 #Fibonacci then up:

snapshot


$USD $SGD #forex


David Alcindor
a year ago
Comment: 29 OCT 2015 - Chart Update:

No change here. Retracement (not reversal) remains a high-probability:

snapshot


David Alcindor
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
Excellent breakdown, thanks for sharing these David.
Have a good weekend.
Reply
ccake28
a year ago
Hi David... Any further update analysis for USDSGD?
Reply
12 OCT 2015 - Chart Update / Tech-Note:


Price hit S/T target within 3 weeks of forecast. This is a Qual-Target ("TG-Hi") suggesting a probable decline to 1.34/1.31 in the most immediate timeframe. However, this pair remains bullish in the L/T frame, mainly based on expected dollar strength, propelled by a growing risk-off environment in which shifting capital away from developing and speculative markets. This global shift and divestment is expected to provide the propping mechanism to a rising US Dollar, whereas a risk-off sentiment will probably benefit Gold, both of which would be moving in opposite direction in other competitive circustance.

$USDSGD - WEEKLY Chart:
snapshot



$USDSGD - DAILY Chart:
snapshot



David Alcindor
+3 Reply
ccake28 4xForecaster
a year ago
ooh looks like I was late to short. I was waiting for 1.46 level to short. Anyway, thanks so much David. I always love your brilliant analysis!
+2 Reply
ccake28
a year ago
Hi David... Any further update analysis for USDSGD?
+1 Reply
ccake28
a year ago
Thanks so much David!
+1 Reply
4xForecaster PRO ccake28
a year ago
You are very welcome - David
+1 Reply
muslim_islam14
a year ago
http://00-up.com/do.php?imgf=1446298199831.jpg
+1 Reply
4xForecaster PRO muslim_islam14
a year ago
Hello @muslim_islam14 - Sorry, I cannot open links. Got too much trouble in the past.

Feel free to capture a chart and post it here.

If I can help you do that, let me know. If you have trouble with it, let me know what chart you seek to post, and I will format it for you to handle it afterward.

Let me know how I can help.

David
+1 Reply
ccake28
a year ago
Hi David. Any update again? :)
+1 Reply
4xForecaster PRO ccake28
a year ago
Hello @ccake28 - So far, it looks like price will tend towards the lower levels.

In the WEEKLY chart, price might come neared Point-4. In the DAILY chart, I would keep the three Fibonacci levels as probable targets for now.

David
+3 Reply
ccake28 4xForecaster
a year ago
David, thanks heaps for always taking your precious time to reply. Ur analysis are genius, yet u r so generous in sharing them. I really appreciate it!
+2 Reply
4xForecaster PRO ccake28
a year ago
Thank you @ccake28 for taking the time to grit through all of these writings. I very much appreciate your readership.

David
+1 Reply
ccake28
9 months ago
Hi David. Do you still expect the price to retrace further to 1.34 level, or should we expect the continuation of uptrend from here? given the price has reached the new 5 year high
Reply
ccake28
9 months ago
Hi David.. any further update on this usdsgd pair?
Reply
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