Hi-Prop Reversal @ 0.80821 | $XAU $AUD $USD $NUGT $Gold #forex
PREDICTIVE/FORECASTING TARGET:
High-Probility Reversal at:
- TG-Lo = 0.80821 - 22 DEC 2014 = Predictive/Forecasting Model
TECHNICAL SUPPORT:
- Target comes in alignment with a historical R/S level in WEEKLY chart
- Fibonacci-paced retracement at 0.382 provides close-approximation with overhead structure at 0.86591
CHART ACTIVITY CORRELATIONS:
GOLD: $XAU, $JNUG
Note that in recent chart, a similar bullish reversal expectation has developed. A rallying in this $AUD would maintain the historical positive correlation that exists with $XAU and other gold-related ETFs - See $XAU and $JNUG charts in the links.
GEOMETRIC PATTERN:
Note also that the $AUDUSD chart (see link) has come to rest at a triple-bottom completion, following two parabolic pathway, one small followed by a larger, a pattern defined as a Bullish Kiss Of Death.
OVERALL:
AUDUSD favors a rallying at this level, based on structural significance (R/S level attainment best seen in a weekly chart), as well as corroborating technical features in positively-correlated charts, where rallying is also pending.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
High-Probility Reversal at:
- TG-Lo = 0.80821 - 22 DEC 2014 = Predictive/Forecasting Model
TECHNICAL SUPPORT:
- Target comes in alignment with a historical R/S level in WEEKLY chart
- Fibonacci-paced retracement at 0.382 provides close-approximation with overhead structure at 0.86591
CHART ACTIVITY CORRELATIONS:
GOLD: $XAU, $JNUG
Note that in recent chart, a similar bullish reversal expectation has developed. A rallying in this $AUD would maintain the historical positive correlation that exists with $XAU and other gold-related ETFs - See $XAU and $JNUG charts in the links.
GEOMETRIC PATTERN:
Note also that the $AUDUSD chart (see link) has come to rest at a triple-bottom completion, following two parabolic pathway, one small followed by a larger, a pattern defined as a Bullish Kiss Of Death.
OVERALL:
AUDUSD favors a rallying at this level, based on structural significance (R/S level attainment best seen in a weekly chart), as well as corroborating technical features in positively-correlated charts, where rallying is also pending.
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
Related Ideas
