Potential Bullish Gartley On 240Min chart Around 1.0520's
Hi fellow traders! I've been looking forward to posting an updated version of a currency strength chart I posted a while back. I use it to determine what to trade and in which direction. These charts are an attempt to visualise the gain/loss in strength over time, of each currency, compared to 7 others. I have set this up to display 4 timeframes. 15, 60, 240...
This particular currency pair representing the two neighbouring economies with some similarities yet different dynamics in which one has larger dependence on mining resource and the other on dairy produce has been in very large sideways move in almost unrecognisable swings and patterns. This is so until you zoom out using larger time frame and look back with...
Friends, I am re-posting this analysis in a new discussion thread, as we near a new trading month. I will cut/paste the analysis, as it reviews major bank FX positioning, technical analysis, and predictive/forecasting data. All this coming up in the discussion thread next. Thank you. David Alcindor Predictive Analysis & Forecasting Denver, Colorado -...
AUDNZD is aproaching into 50% retracement at 1.1097 of the previous up move from 1.0915 to 1.1279. 1..1110 is also the 100% extension equal legs. The confluence of this important fibs should produce a bounce and give me the chance to create a risk free position.
It looks AUDNZD completed Wave of Wave at 1.1138 Murrey Math level. We still need to see a bearish reversal confirmation but 1h momentum already diverged. It is impossible to guess the depth of Wave correction but my favorite is 1.1047 levels which is 50% of the Wave . Cycles i follow shows bearish movement until next weekend. .
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept. *Please hit the zoom-out button once* (or more if you're feeling wild) This may look like a mess, but the last few "bars" on the chart are holding some useful information! I'm sure I'm not the...
Friends, WHAT MY ANALYSES IS AND IS NOT: Before I gladly answer a request for a medium-term and short term predictive analysis and forecasting for this $AUDNZD pair, I would like to caution the trader by saying two things about the purpose and manner in which I render the predictive and forecasting values. First: My predictive analyses and forecasts are...
This pair is about to complete it's first leg of correction, and can be sell for target 1.099 to 1.0760 area
There is a strong probability for a retest after MACD shows 2x Minor or 1x Major Bullish Divergence. Im looking forward for reaching the red horizontal resisance lines.
Friends, Last Wednesday, June 04th, I released two bearish targets, namely: 1 - TG-1 = 1.08986 - 04 JUN 14 and 2 - TG-2 = 1.08521. (Source: ) Both of these bearish targets got hit with great precision as of this hour (see M14 timeframe for a closer look of the price action relative to these two bearish targets here: ). A third target, standing at the...
AUD is struggling to move past the 1.0900 area, evening start formation followed by a close lower indicates bears are taking over, good RR as well aiming for the bottom of the range