$NZD vs. $USD Nears Geo's Point-5; Target at 0.77934 #forex
Background geometry calls for a Point-5 definition along its 1-3 Line. By definition, this is often associated with a retracement back along the geo's 1-4 Line.
Predictive/Forecasting Model indicates a generally BULLISH outlook, taking aim at its most proximal quantitative target at 0.77934. An interim retracement in the order of 0.382 to 0.618-Fibonacci might occur, but loftier qualitative targets are also lurking and expected to be visited - The targets are defined as follows:
1 - TG-1 = 0.77934 - 22 APR 2015: Quantitative Target = High-Probability hit; Low prob. reversal
2 - TG-Hi = 0.79490 - 22 APR 2015: Qualitative Target = Low-Prob. Hit; High prob. reversal
and
3 - TG-Hix = 0.80497 - 22 APR 2015; Qualitative Target = Very Low-Prob. Hit; Very High prob. reversal
Predictive/Forecasting Model indicates a generally BULLISH outlook, taking aim at its most proximal quantitative target at 0.77934. An interim retracement in the order of 0.382 to 0.618-Fibonacci might occur, but loftier qualitative targets are also lurking and expected to be visited - The targets are defined as follows:
1 - TG-1 = 0.77934 - 22 APR 2015: Quantitative Target = High-Probability hit; Low prob. reversal
2 - TG-Hi = 0.79490 - 22 APR 2015: Qualitative Target = Low-Prob. Hit; High prob. reversal
and
3 - TG-Hix = 0.80497 - 22 APR 2015; Qualitative Target = Very Low-Prob. Hit; Very High prob. reversal
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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.