4xForecaster

4xForecaster

Traders, I will cut/paste a technical note and commentary just posted on the recent $EURUSD chart. In this present chart, an alternative count is illustrated, and the source of the information will come in the thread discussion - Let me know what you think, and feel free to comment if you are at all familiar with the T.S. Hennessy "New EW Wave Count"...

4xForecaster

24 AUG 2014 - Update: From Twitter: --------------- $EURUSD - Model signals a potential reversal in the 1.21988 to 1.32097 range: via @tradingview | $EUR $USD #Forex ------------- Traders, Aside from the model's signaling a potential reversal in the 1.21988 to 1.32097 range, one has to also look at the WEEKLY chart (see WEEKLY chart below) to...

4xForecaster

Traders, I just posted a chart illustrating the persistent increase in $XAUUSD strength relative to $XAGUSD (See original chart and analysis here: , as well as subsequent comments here: ). $XAUUSD vs. $XAGUSD: This strengthening of Gold relative to Silver might appear counter-intuitive, considering that the yellow metal has been under pressure recently,...

4xForecaster

Traders, Following in the thread is a chart just posted highlighting this recent week activity in predicting trend and forecasting targets. It also reflects a bit of my mind in terms of decision process made along the week, across M15, H4 and DAILY charts. Overall, I share this for the junior traders, passionate as I am, about the constant study of an...

4xForecaster

Traders, A QUICK SYNOPTIC REVIEW OF THE FORECAST: This long-term forecast was initiated on 28 FEB 2014 when an overhead target was defined per this following chart and analysis: "Case For A Major Reversal": - As the target got validated to the top-side, we turned to an inteernal development of a Wolfe Wave pattern, heralding a high-probability reversal at...

4xForecaster

A quick overview on TradingView today regarding corrective patterns expressed as SHARPS and SIDEWAYS. While further details do exist within lesser degrees internal to each waves, the visual trader might simply remember that certain anatomical features of these corrective patterns can easily be picked up at a glance. This is in NO WAY a detailed review of the...

4xForecaster

Traders, FUNDAMENTAL BACKGROUND: On a fundamental basis, NZD may have demonstrated all the bullish strength it could following its 0.88345 just about 14 days before RBNZ raised its central rate from 3.25 to 3.50%. While the Pavlovian Forex trader might have anticipated a rallying in the currency on the back of this rate increase, one has to look into the...

4xForecaster

Traders, An early bearish reversal signal is coming out of the bear cave, ... You know that growling sound. Technically speaking, price has been on a quasi-reversal trend to the upside went it turned around from 555.90 and hit a new pitch at 607.20 (see chart). However, price has dunged into prior depth as it reversed once again near that prior low. From the...

4xForecaster

Hello Friends, As you may recall, last analysis demonstrated that we hit TG-1 = 1.01173 dead-on, and there remained the possibility of a TG-Lo = 1.00892, although the question was whether Wave-4 of a large 5-wave pattern had completed and would instead move on to a higher and final impulse Wave-5 at TG-Hi = 1.02346 - All of these targets add been defined by the...

4xForecaster

Traders, As forecast on TradingView.com and signaled on my Twitter feed (alias: @4xForecaster), following is the link to the predictive analysis and forecasting: - In that analysis, I reviewed basic Elliott Waves and Wolfe Waves patterns, and how their synergistic interplay build a basis to rationalize a bearish entry. The targets released at the time...

4xForecaster

Traders, Following a protracted consolidation, price finally came down to hit the forecast target on the nose. Target-low was defined on July 26th as "Tg-Lo = 568.22 - 26 JUL 2014". In the recent analyses, I reminded the traders that all numerical targets (i.e.: TG-1, TG-2, ... etc) tend to act as step-wise points along a reactionary pathway, typically during...

4xForecaster

Traders, As signaled this hour on Twitter (alias: @4xforecaster): "AUDCAD - Short @ 1.01842; SL at structure HIGH = 1.01919; TG-1 = 1.01173; TG-Lo = 1.00892 - RR > 12:1" WOLFE vs. ELLIOTT WAVES INTERPLAY: The trigger is a Wolfe Waves pattern completion at the 5-prime position (a.k.a.: Diagonal Triangle in Elliott Waves parlance) following an impulse that...

4xForecaster

Traders, On March 28th, I defined three distinct targets, all of which have been hit. The most recent target remained pending on last analysis (see it here: ), when TG-3 = 0.88099 was overing a few pips above and fundamentals were waivering (milk prices were pointing down while RBNZ was talking about increasing its rate). At this point, TG-3 has been hit...

4xForecaster

Friends, While bulls and bears are battling for ground at the H4 level (see chart and recent series of analyses here: ), I thought to expand the analysis to a larger timeframe. Caveat here is that this analysis may be more promising than standing on firm grounds, as the condition rests upon the development of the H4 chart and its ability to maintain a bullish...

4xForecaster

Traders, GEOMETRIES: Here is a low-probability of a geometry-based reversal using a Wolfe Waves/Diagonal Triangle/3-Waves patterns. The pattern I would credit most here is a Wolfe Waves pattern at a 2-4 Line projection off of Point-3, thus creating a support terminating at a signature Poin-t5-Prime, or simply 5'. A similar geometric development can be seen in...

4xForecaster

Friends, On a pure fundamental basis, a rate-based directional bias should favor a decline in the NZDCAD pair. First, $NZD was recently affected by a decline in its dairy futures pricing, bringing the currency to a double-top formation near the 0.87525 level, and capping any new advance on the back on these futures price concerns. Also, RBNZ stated: "We saw...

4xForecaster

Friends, As twitted multiple times so far, the 652.26/666.74 overhead resistance was forecast as a difficult bearish entrenchment against which bull might endure a protracted battle. Also mentioned was the speculative Kiss-of-Death pattern which I explained might develop along the course of this overhead resistance, to ultimately find a technical support (not...

4xForecaster

Friends, As twitted yesterday (See: "$TNX reached forecast support last month; now threatens loftier rally - Watch $USDJPY" here: twitter.com), a discreet break of overhead resistance indicated a potential rallying to new highs. This comment concerned a simple analysis of the benchmark 10-Year US government bond ($TNX) relative to the current positively...