Some of my forecasts

[4xpipcounter]

Chf/jpy

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The final objective for the top of the monthly cloud at 90.04 from 108.71 has been met. I could expect an even further drop, as next major support would be the bottom of the cloud at 86.65. That area could be very solid as it matches a cluster with the weekly chart.

 

[4xpipcounter]

Re: Aud/usd

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As per the post, the move has already started which did fall short of the WR1. Nevertheless, if I have it figured right, this is the beginning of the move towards the recent dip at 1.0480, then the swing low on the recent rebound to 1.0783 at 1.0313, then the prior dip at .9925, and then finally the monthly kijun at .9390.
Just to add an ironic twist, an obstacle is going to be 1.0545, and it is not even a cluster event. That level will be worth watching.

This pair has hit my downside objective, as per my Weekly Forecast at 1.0494 as the dip was 1.0480. The WR1 is 1,0694, and as per my WF, that also should be hit. That could mean a significant peak as I am still waiting for a much more meaningful move to the south.

 

[4xpipcounter]

Re: Gbp/aud

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As per the post, the move has already started which did bounce off the WS2. If I have it figured right, this should begin the assault on the daily kijun at 1.5685.

The last time I talked about this pair I was talking about a reversal. It happened, but not with the teeth I expected. My WS2 at 1.4991 was just hit. Once again, this pair is in extreme territory, but on the daily, and has hit the bottom of the cloud. It should be preparing for a strong move north. Once again, it could be looking at 1.5599.

 

[4xpipcounter]

Tata Steel

Most likely, the current level is containment for the recent march north. A move to the top of the 4-hour cloud at 527.92 is not to be ruled out. The trip south should bring a pit stop at kijun at 460.69, then 448.01. It's likely the move could go lower.

 

[tradetogain]

hi paul,
i requested your view on crude few posts back.looks like you missed it.
my opinion is crude is running into resistance around 89 dollar.
i am looking for an oppurtunity to short.am i right?
thank you

 

[4xpipcounter]

Crude Oil

TTG, thanks for reminding me. I forgot about it.

Crude Oil is at a major R at my WR3 at 90.33. That is holding, at least temporarily. I would look to cluster R at 92.82. That is the top of the weekly cloud, along with the SD channel extreme on the daily, and a chart ichimoku R as seen in the past.

 

[4xpipcounter]

Reliant Industries

This market was stopped dead in its tracks at the bottom of the daily cloud, which also is an extremely strong cluster, as per a post 1 few weeks back. This market is now ready for a huge reversal. 783.80 is the TK combo, and it is on the radar. The move should progress further south after it meets with support area. The initial hit 0f 636.14 is going to provide very strong S, if not a complete longer term reversal. This could be the leg that takes us there, but that remains to be seen.

 

[4xpipcounter]

Eur/gbp

By request:

As per my Weekly Forecast, this market is headed to my WS2 at .8683. That should be strong S and provide temporary relief of the trip south. There is low confidence that the reversal will be permanent I would treat the WP at .8759 as a decision point. There is currently potential for a drop to .8592.

 

[4xpipcounter]

Euro strength

Euro strength is around the corner. Some of the crosses are due for some sizable reversals. As far as the EUR/USD is concerned, look for 1.3906 or 1.3833 as to be key levels.

 

[4xpipcounter]

Weekly S&R's for the Indian markets--091211

Nifty NSE 5284 5173 5105 4972 4905 -4792
SBI 2060 2007 1976 1912 1881 -1828
Infosys 2389 2330 2294 2223 2187 -2127
Reliant 908 869 845 798 776 -734