4xForecaster

4xForecaster

Traders, On a pure technical basis, a support and bullish reversal potential event has shaped up. The predictive/forecasting model overlay also points to an early bullish reversal signal pending confirmation. At this point, IF support holds at defined trendline, THEN I would expect a rallying and consolidation into the overhead forecast target: TG-1 = 21.724 -...

4xForecaster

Traders, Potential reversal has emerged - albeit quite speculative - on the back of an expanding triangle near-completion at Point-5, as well as a prop-pattern potential ("Great White"). -------------------------- TECH-NOTE: The Case For A Higher Point-5: 1 - Note that such triangles can often post an overlap of Point-5 across its 1-3 line, so further rallying...

4xForecaster

Traders, A bullish reversal confirmation signal completed per @TradingView pre-market data. This bullish signal - generated via my prop predictive/forecasting model - confirms separate analysis offered through a separate analyst. Upon receiving that separate analysis, I decided to apply the model and wait patiently for signal, which has occurred as of this...

4xForecaster

Friends, This pair is quite difficult to grasp from a fundamental perspective, as both $EUR and $JPY are expected to under-perform. Yet, there could potentially be a trade opp here, using my prop predictive/forecasting model FUNDAMENTAL DATA: First, $EUR's recent negative deposit rate combined with ECB's option of turning to large-scale asset purchases are...

4xForecaster

Friends, RECAP: The crypto is at that level again, where media-world fundamental news will pressure it downwards against a real-world interest. The net move will likely lock it into a consolidation move as we had seen before it rallied significantly (see links in reference): 1 - "Hello, Houston, Do You Copy?" - 2 - "Hit Target Dead-On ... Consolidates" -...

4xForecaster

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: . As of today, the outlook remains bearish and the lower target remains intact and in...

4xForecaster

Friends, Last Wednesday, June 04th, I released two bearish targets, namely: 1 - TG-1 = 1.08986 - 04 JUN 14 and 2 - TG-2 = 1.08521. (Source: ) Both of these bearish targets got hit with great precision as of this hour (see M14 timeframe for a closer look of the price action relative to these two bearish targets here: ). A third target, standing at the...

4xForecaster

Friends, This past March 11th 2014, I offered two distinct forecast targets, namely: 1 - TG-1 = 35.20 - 11 MAR 2014 and 2 - TG-2 = 38.60 - 11 MAR 2014. This trade was particularly tricky, as it called for one bearish target and a bullish counter-trend. However, it turned out that it hit both targets with some respectable accuracy - See original chart posted...

4xForecaster

For the record - Looking at two benchmark values (XAU and JPY relative to USD, expressed in relative strength terms). Expecting persistent decline in Gold, as has been the continued case herein. Expecting strengthening of the USD against JPY, mainly driven by: 1 - $TNX rate increase 2 - Japanese Govt bond rate decrease 3 - Japan persistent QE + ZIRP +...

4xForecaster

Friends, This past June 04th, I released three forecast targets, namely: 1 - TG-1 = 115.52 - 04 JUN 14 2 - TG-2 = 117.83 - 04 JUN 14 and 3 - TG-Hi = 119.72 - 04 JUN 2014. (See recent analysis that generated these targets here: ) As of today's close (Monday, 09 JUN 2014), the first target got steam-rolled then used as a springboard (pink arrow) for further...

4xForecaster

Friends, Today, I tweeted several signals and commentaries on this pair, looking at a smaller 4-hour timeframe, compared to this bird's eye daily view - Here is the original signal: twitter.com The interest in the first 4-hour timeframe had to do with the development of a bearish Kiss-of-Death, which carries a high rate of success in moving in its intended...

4xForecaster

Friends, In case you had missed one of the many signals I release via my Twitter alias, @4xForecaster, here is a repost of the tweet from this June 03rd, 2014: --------------------------------- "$CADJPY - Short opp @ 93.995 - SL trader's tolerance risk (mine: 94.03 = 93.995 + spread) - S/T TP@ 93.371 - L/T TP@ 91.489 - High...

4xForecaster

Friends, As you may recall, on May 15th, I highlighted a break out of a pattern within a pattern (some might call it Wolfe, others a wedge, while EW traders might call it a diagonal triangle, but it all works out the same) when price fell below its support trendline (see circled pink highlight in the chart). I inscribed a dashed blue line to highlight the...

4xForecaster

Friends, Let me just start by making this statement, which has caused more reaction than I have ever cared, but it simply is true: 1 - RSI's bearish divergences do NOT foretell an impending decline in price. Instead, they are associated with sustained rise in price. Conversely: 2 - RSI's bullish divergences do NOT foretell an impending rise in price. Instead,...

4xForecaster

Friends, Since we discussed about #ElliottWave's Diagonal Triangle earlier today, then touched on the Shark and its acolyte the 5-0 Pattern, I thought it might be good to look at another example of these, which seem to line up into a Short opportunity in the $USDCHF pair. FUNDAMENTAL: ECB's RATE DECISION, WHAT IT MAY MEAN TO THE CHF RELATIVE TO EUR: Now, on...

4xForecaster

Friends, A very quick note here highlighting both a long-term pattern development found in a wedge, which I have overlaid over the results of my predictive/forecasting model, whose targets are defined as: 1 - TG-1 = 1.43744 - 04 JUN 14 and 2 - TG-Lo = 1.40384 - 04 JUN 14. With ECB decisions coming up tomorrow (05 JUN 2014), the Forex community may or may...

4xForecaster

Friends, CHANNELS: I have defined several times before the difference between the standard channel and the momental channel. The most important distinction between the two is the survivability of the latter over the former. In other words, momental lines, when projected in parallel, will remain capable to bracket price action throughout the entire life of the...

4xForecaster

Friends, Screening $IWM through my predictive/forecasting model, the following three targets were generated: 1 - TG-1 = 115.52 - 04 JUN 2014 2 - TG-2 = 117.83 - 04 JUN 2014 and 3 - TG-Hi = 119.72 - 04 JUN 2014. PREDICTIVE ANALYSIS/FORECASTING ORIGIN: These forecast targets are defined using the same predictive/forecasting model that produced all of my...