Target Hit Dead-On ... Moving On | $EUR $AUD #ECB #RBA #Forex
Friends,
Last Wednesday, June 04th, i posted two bearish targets for this chart, nmaley:
1 - TG-1 = 1.43744 - 04 JUN 14
and
2 - TG-Lo = 1.40384 - 04 JUN 14.
For a detailed technical commentary of the predictive analysis and forecasting, see the original chart/text here: tradingview.com/v/Zwvl2pXG/ .
As of today, the outlook remains bearish and the lower target remains intact and in force. As defined in that former analysis, the "Lo/Hi" targets represent lesser probability events, but IF and ONCE price does reach these levels, it will have a tendency to represent a reversal.
While the target remains valid, I expect some consolidation to occur. For this reason, I will turn the Directional indicator to "Neutral".
Cheers,
David Alcindor
Predictive Analysis & Forecasting
----------------
Twitter: 4xForecaster
----------------
Last Wednesday, June 04th, i posted two bearish targets for this chart, nmaley:
1 - TG-1 = 1.43744 - 04 JUN 14
and
2 - TG-Lo = 1.40384 - 04 JUN 14.
For a detailed technical commentary of the predictive analysis and forecasting, see the original chart/text here: tradingview.com/v/Zwvl2pXG/ .
As of today, the outlook remains bearish and the lower target remains intact and in force. As defined in that former analysis, the "Lo/Hi" targets represent lesser probability events, but IF and ONCE price does reach these levels, it will have a tendency to represent a reversal.
While the target remains valid, I expect some consolidation to occur. For this reason, I will turn the Directional indicator to "Neutral".
Cheers,
David Alcindor
Predictive Analysis & Forecasting
----------------
Twitter: 4xForecaster
----------------
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.