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High Probability Forecasts on Majors/Crosses

  • #21
  • Apr 30, 2015 9:45am Apr 30, 2015 9:45am
Break below the descending triangle confirms the downtrend. At the very minimum I’d expect a triple bottom.
http://i60.tinypic.com/18m97m.png
  • #22
  • Apr 30, 2015 9:48am Apr 30, 2015 9:48am
GBPCHF broke out from the range that could push price much higher. Currently we can see a pullback to the previous resistance, and it could be a good spot to buy.
http://i57.tinypic.com/dr6s6d.png
  • #23
  • May 1, 2015 6:36am May 1, 2015 6:36am
CADJPY holding the support nicely that should be short term uptrend confirmation.
http://i57.tinypic.com/2mc6em1.png
  • #24
  • May 3, 2015 4:28pm May 3, 2015 4:28pm
While AUDCAD did hit the upside target it might very well test the strong resistance around 94.00 area
http://i59.tinypic.com/2uxztc8.png
  • #25
  • May 4, 2015 1:44pm May 4, 2015 1:44pm
While GBPCHF formed a double bottom I’d expect now a correction up to 1.4230
http://i62.tinypic.com/30n82tg.png
  • #26
  • May 4, 2015 6:43pm May 4, 2015 6:43pm
For AUDUSD looks reasonable to retest 0.77 support area considering the break below the ascending channel. Lets see…
http://i60.tinypic.com/34hfdcy.png
  • #27
  • May 4, 2015 8:07pm May 4, 2015 8:07pm
Quoting pro4Xtrader
For AUDUSD looks reasonable to retest 0.77 support area considering the break below the ascending channel. Lets see
Interest Rate announcement in a few hours will help that along very quickly, be ready

Some more opinion better than mine

http://ashraflaidi.com/forex-news/wh...t-from-the-rba

The range over the past three weeks is 0.7533 to 0.8076 and whatever the RBA decides could send AUD/USD to the extremes of that range before the end of the week.
It takes a lot for me to IGNORE you, but you can try.
  • #28
  • May 5, 2015 5:25pm May 5, 2015 5:25pm
The downtrend channel was broken that should push price higher, although currently GBPUSD is at the resistance and first I’d expect a drop to 1.48
http://i62.tinypic.com/wbxezt.png
  • #29
  • May 5, 2015 5:50pm May 5, 2015 5:50pm
Quoting Erebus
{quote} Interest Rate announcement in a few hours will help that along very quickly, be ready Some more opinion better than mine http://ashraflaidi.com/forex-news/wh...t-from-the-rba The range over the past three weeks is 0.7533 to 0.8076 and whatever the RBA decides could send AUD/USD to the extremes of that range before the end of the week.
Thank you for sharing!

Although AUDUSD went higher I still expect my target to be reached in the near term future. What we saw looks like stop loss kicker.
  • #30
  • May 5, 2015 8:50pm May 5, 2015 8:50pm
According to cycle analysis AUDCAD should start moving. Considering that it is now at the top the move is most likely will be down to re-test major support.
http://i57.tinypic.com/a5fc7d.png
  • #31
  • May 6, 2015 7:48pm May 6, 2015 7:48pm
EURCAD rejected the downtrend trendline and now we could see a decline back to the middle on the channel. Cycle analysis supports the idea that EURCAD is at the local top.
http://i62.tinypic.com/xnc8t3.png
  • #32
  • Edited 1:36pm May 7, 2015 1:18pm | Edited 1:36pm
Looks like CADJPY making higher highs and higher lows. At the same time it failed to break uptrend trendline (from current attempt) and cycles pointing to the next coming swing... potentially up to the previous strong resistance are at 103.75
http://i57.tinypic.com/kn2mr.png
  • #33
  • May 7, 2015 3:00pm May 7, 2015 3:00pm
While GBPCAD broke above downtrend trendline, furhter rise should follow. But perhaps its not the best time to enter long trade since it is still in rage trading mode where move downt to double top first is quite likely.
http://i60.tinypic.com/35k4sv4.png
  • #34
  • May 7, 2015 3:30pm May 7, 2015 3:30pm
Great work profxtrader

but on what basis are you giving this Forecasts
  • #35
  • May 7, 2015 6:14pm May 7, 2015 6:14pm
GBPUSD approaching massive resistance area. If it hold a shart drop back to 1.48 could take place.
http://i58.tinypic.com/fk9o93.png
  • #36
  • May 7, 2015 6:29pm May 7, 2015 6:29pm
It doesn't look like there is a clrear direction on USDJPY. While it continues to reange, price has a good chance to hit 120.80 resistance (or higher) once again.
http://i58.tinypic.com/1zzt3tl.png
  • #37
  • May 7, 2015 7:02pm May 7, 2015 7:02pm
NZDUSD broke below the channel and it cold be pretty fast till it reaches 0.73 support area.
http://i58.tinypic.com/11tu4qt.png
  • #38
  • May 8, 2015 5:21am May 8, 2015 5:21am
USOIL is in a strong uptrend that does not seem to be over yet. I’d expect a final swing up to 64 area. If it breaks above further extensions up might follow, if holds, correction should take place.
http://i61.tinypic.com/2hx8yn7.png
  • #39
  • May 11, 2015 11:44am May 11, 2015 11:44am
I just analysed GBPUSD and from what it looks, could be a perfect sell entry point, although longer term it looks bullish, interesting to follow..
http://i62.tinypic.com/14ad27c.png
  • #40
  • May 11, 2015 8:26pm May 11, 2015 8:26pm
Here is an alternative scenario for GPBUSD where it could continue rising without correction.
http://i61.tinypic.com/2ufdhfs.png
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