Friends, Watch for a possible M15 level bounce to levels defined by predictive/forecasting model as: 1 - TG-1 - 181.397 - 08 JAN 2015 2 - TG-2 - 182.263 - 08 JAN 2015 3 - TG-Hi - 183.026 - 08 JAN 2015 4 - TG-x - 183.651 - 08 JAN 2015 A fifth target is defined as: TG-Lo - 180.019 - 08 JAN 2015 This TG-Lo would in fact act as a possible springboard IF...
Traders, As you may recall, a few days ago, I posted a DAILY chart of the USDollar index, in which the model defined a top-most target ("TG-x") at 11474 - See this chart and analysis here: . While price did hit that target and has since weaved a near-symmetrical consolidation pattern around this forecast level, I thought it prudent to look at that level with...
PREDICTIVEFORECASTING MODEL: High-probability reversal at nominal target, TG-Lo - TG-Lo = 1.53512 - 24 DEC 2014 AND - TG-Hi = 1.92219 - 24 DEC 2014 Above predictive data correlates with following standard technicals: 1 - L/T trendline support 2 - Narrow R/S band ("Bullish Entrenchment") 3 - Taut RSI in historical bullish trigger-reversal...
BEST-CASE SCENARIO - TRADE PROFILE (BCS): - Stop = 2.00651 - Entry = 2.01034 - Limit = 2.07432 - RR = 16.7:1 Further interim decline is expected, down to a probable 2.00913 support, defining a low-exposure entry point against a shallow Stop. Limit is defined based on ideal technical circumstance, where a near-perfect combination of alignment between...
After today's session, GBPUSD advanced rapidly and it is only few pips away from the open. This indicated plenty buying in the market. I would expect this pair to advance further and form consolidation pattern. Long term downtrend must be assumed and short positions would be recommended from higher levels.
RBNZ Interest Rate Decision - there has been speculation that the bank will cut rate today. In anticipation of this most of the NZD pairs have shown NZD to be weak as other have gained. However, looking at all NZD pairs it seems that the gains have been of the corrective nature. Therefore, if the rates are maintained there could be spike in the prevailing...
04 DEC 2014 - Update: Friends, Important NFP data coming out tomorrow. Expectation favors softer employment data. In the long-term, USDollar index remains bullish. However, the interim calls for unwinding. Looking at the $USDJPY, model defines a high-target at 120.996 - This nominal target represents a low-probability reach, but high-probability reversal...
To see GBP/USD not able to close above 1.7200 was very negative from investors point of view. 1.7000/7300 zone is a very strong resistance zone which we can see very clear in this graph. When the second candle (july 2014) was not able to close above this zone but instead closed with a bearish pattern, everyone started to sell hard and now we are at 1.58...
The pair has had four consecutive days of trying to break and close above the .7845 level. It have been unable to do so which makes me think there are a lot of sellers just waiting above that level. I will short with stops above last weeks high. We discuss this in the Weekend Preview. Check it out here: youtu.be Have all of our ideas delivered directly to your...
There's a nice bounce today off 23.6% fibs for a good short entry if you have not done so. A reversal is currently underway for GBPJPY, as traders starts taking profit off longs against the Yen. Stops are placed at the previous high of 184.305, with 2 take profit area at 61.8% & 88.6% fib respectively.
Traders, Predictive/forecasting model defined the following two bearish targets: 1 - TG-Lo = 1.55764 - 28 OCT 2014 and 2 - TG-x = 1.54661 - 28 OCT 2014. A discreet geometry could also be playing out via the height of a first significant retracement, projected downward. This method is similar to the Euclidean module projection (EMP), lining up perfectly with...
Looking to get long this pair if we see some momo breaking us out of this consolidation area to the upside!
Traders, PREDICTIVE/FORECASTING MODEL DEFINES SUPPORT: Predictive/forecasting model signaled further decline towards a structural lower-low, relative to a nadir carved out at 163.165 on February 04th, 2014. Model also defined a support as: - TG-Lo = 161.808 - 21 OCT 2014 Considering the larger timeframe, a retracement to higher-highs might occur in the...
I believe we are up for a sell on cable since price is reaching a current range top. Clear bearish order block around the 1.6160 level. also a clear resistance level form weekly and daily charts. GBPUSD has a bearish outlook since market structure is in line with the 9 & 18 Emas on the daily time frame. Big boys are still short in this pair.
I just finished tonights Syndicate video looking at EURUSD, NZDUSD, AUDUSD and EURAUD. One of the more exciting setups that I've been tracking since this morning has been the GBPUSD. Here's what I'm looking at. If you're a follower of mine at all then you know that I'm not a fan at all of Butterfly patterns. Actually, of any pattern that completes outside of the...
The GBPUSD is looking fairly bullish now on the weekly chart as its RSI and Stochastics are turning up from oversold levels, while the MACD blue line appears to want to flatten. The first upside target is in the 1.63 zone, which is roughly where the 38.2% Fibonacci resistance level kicks in. The current bounce occurred off the 50% Fib support level. The 1.63...
We have a break of the trend line and double top with negative rsi divergence, a conservative entry would wait for a break of the neck line with a SL of roughly 110 pips and target of 150 pips