Some of my forecasts

[4xpipcounter]

Gold will end up under your latter levels, but no need to panic. Just trade in accordance with the market movement. The monthly kijun at 1408 is still on the long term radar.

Gold rate forecast for 30th sept 2011

Gold hurdle for today 1640$

Gold trading at 1627$

now support occurs at 1617$

if sustain above resistance than fireworks upto 1650-70

below support panic upto 1600$-1570$

 

[4xpipcounter]

Re: More on the USD

That's what I get for 2nd guessing my Weekly Forecast. I was wrong here.
Nevertheless, strong recoveries are forthcoming, and it could be next week. Stay tuned!

The Weekly Forecast promises to be interesting. Key reversals are taking place in the USD markets. The markets where the USD is the secondary currency is headed higher, and the primary is headed lower.
Many of the crosses have huge implications.

I've got a busy weekend planned, but I want to feature a few extra pairs in my forecast, given as much time as I can muster. Feel free to pass on any markets of particular interest.

EUR/USD: There figures to be a pullback to the WR1 at 1.3610, and then the new UP continue back to the WR2 at 1.3723, and then possibly back to the MS3 at 1.3875.
GBP/USD: The top of the 4-hour cloud at 1.5596 is containment before a move much higher.

Those are just a couple of examples of what is about to unfold.

 

[4xpipcounter]

EUR/USD: We have now comfortably made it under the monthly zone of 1.38381.3906. Therefore, that tells me this pair is headed muck lower over the long term. The daily tenken at1.3659 represents a strong confluence on the daily chart. As buried as we are under the cloud. That could get broken, which would also result in a very strong break. The current level of the kijun is 1.3965, which should limit any further rise. That are could be the wick for next month as the WR2 is 1.3723 and the WR3 is 1.3910. It would be good if this week finished under 1.3838 to eliminate any confusion for the future dip.

This pair did come a little short of the WRs as the peak was 1.3688. The pair is taking on a different view considering the sudden reverse took it to the close of the week at 1.3385

USD/JPY: This pair is very boring these days. The WR3 and WS3 are 77.48 and 75.70, respectively. They are getting narrower each week. We are due for a breakout. The next big one should be south. We could use a move up to the WR3, and even beyond in order to force some action.

The WR2 for the week was 77.08 and the peak was 77.18. The dip was 76.20, just 9 pips above the WS2.

GBP/USD: This pair has made no doubt that the UP is finished. A correction is favorable this week, the totality of the recovery should be limited between 1.5865 and 1.5930. This week, look for any move south to be limited to the WS1 at 1.5335, and the upside to the WR2 at 1.5689.

After returning to challenge the WR2, the pair peaked at 1.5713. The downside was limited well above the WS1 as the dip was 1.5430.

USD/CHF: There is still enough room for this pair to move to .9263 on this leg. The WR2 is .9275, so that area looks like containment. If we make it there, this pair is ready for an explosive correction of the uptrend. The correction could start long before that. The daily kijun is .8446, which is a reasonable target for it. Any downside this week should be limited to the WS2 at .8838, but I dont want to confirm it as this pair remains highly volatile.

The peak was only 1.9141, which was still 21 pips under the WR1. The dip was .1.8916, 30 pips under the WS1.

EUR/CHF: There is still enough room for this pair to move to 1.2371 on this leg. The WR2 is 1.2385, so that area looks like containment. If we make it there, this pair is ready for an explosive correction of the uptrend. The correction could start long before that. The daily kijun is 1.1670, which is a reasonable target for it. Any downside this week should be limited to the WS2 at 1.2057, but I dont want to confirm it as this pair remains highly volatile. Sound familiar?

The peak was 1.2249, which was 29 pips on the other side of the WR1 and the dip was contained at the WS1 (1.2139), as the dip was 1.2122

AUD/USD: This pair is still on its way to .9390, but this week the trip south should take a rest. The daily tenken at 1.0032 should be hit this week, and maybe the WR2 at 1.0135.

As it turned out, the WR1 at .9955 contained, as the peak was .9984. The dip was hit at the beginning of the week at .9620, abd was challenged at the end as it finished at .9660.

USD/CAD: The daily kijun at 1.0041 seems like an easy corrective target before we head higher. Longer term, this pair is now headed to the bottom of the monthly cloud at 1.1060.

The pair is still powerfully in the UP as the dip was 1.0142. The peak this week was 1.0501

NZD/USD: We should see a correction this week, and the daily tenken is .8030 and the WR2 is .8050, so that area looks ideal for containment this week.
Longer term, now that .7930 has been hit, then next objective is the top of the weekly cloud at .7502.

This DOWN has also turned into a freight train as the peak was .7955, We also got close to the MT downside objective as the dip was .7604

EUR/GBP: This pair should still be headed to the weekly kijun at .8804, and then the top of the daily cloud at .8861. The daily tenken at .8693 needs to contain or the trip north is cancelled. The WS1 also happens to be .8693, so that is a nice confluence for containment for the week.

I missed this one as the peak was only .7845, and then it headed back south dipping just under the WS3 (.8601) at .8577.

EUR/JPY: It is now very clear this pair is headed to sub100.00, but this week the DOWN should take a rest. The bottom of the 4-hour cloud is 105.02, and the WR2 is 105.18. It would be that area to contain any move north, at least for this week.

We came 8 pips short of the weekly objective as the peak was 104.94. The dip at 101.91 was hit at the beginning of the week.

GBP/JPY: The correction for this pair began at the end of last week, and should continue this week. Look for the bottom of the 4-hour cloud at 120.45 to contain this week. The WR2 is 120.58, so this is a nice confluence.

We had a spike them a strong reversal at 120.81. The dip for the week was 117.72.

CHF/JPY: This is a bonus for this week, as I am watching it so closely. The MT correction has finally begun. Any downside move should be contained at or above the WS1 at 83.37. The WR2 is 87.01, but this pair could march well beyond it. Once it gets beyond 85.93, The move back to the break of the weekly TL at 89.34 is in clear view.

The pair is still consolidating, waiting still on its strong breakaway. We had 2 attempts to break the 85.93 level, but the pair had to settle for a peak at 86.06.

.

 

[forexworld]

Hi Mr paul ! Here is a daily chart of usd/jpy pair , on the daily outlook the pair has been in a downside from the 10th of july ! now as the chart shows the pair has broken and settled above the kinjun sen and tenken sen, now the price are very near the clouds but the overall picture seems to be be bearish, the chikou span. has broken straight above the tenkan sen, now the pair has been in a very sideways pattern from 10th of august , the overall price has touched a record low in the last few days, when it started it sideways pattern, on the 4 hour the pair has comfortably broken above the top of the cloud indicating a bullish pattern but the 4 hour seems to be very choppy as there are no clear movements, it breaks above the cloud stays for few days then beaks below! I want to go long here but I am afraid that it might hit the bottom of the cloud on the daily chart and just reverse back to its downtrend what do you think ? will it continue its downtrend or a breakout will be seen above the clouds? or should i wait for a clear indication?

 

[4xpipcounter]

Forexworld, I like your name. Your world is my world.

I have my views on this pair coming up in my Weekly Forecast. It is the 2nd pair of the 11 that is featured.

Hi Mr paul ! Here is a daily chart of usd/jpy pair , on the daily outlook the pair has been in a downside from the 10th of july ! now as the chart shows the pair has broken and settled above the kinjun sen and tenken sen, now the price are very near the clouds but the overall picture seems to be be bearish, the chikou span. has broken straight above the tenkan sen, now the pair has been in a very sideways pattern from 10th of august , the overall price has touched a record low in the last few days, when it started it sideways pattern, on the 4 hour the pair has comfortably broken above the top of the cloud indicating a bullish pattern but the 4 hour seems to be very choppy as there are no clear movements, it breaks above the cloud stays for few days then beaks below! I want to go long here but I am afraid that it might hit the bottom of the cloud on the daily chart and just reverse back to its downtrend what do you think ? will it continue its downtrend or a breakout will be seen above the clouds? or should i wait for a clear indication?

 

[forexworld]

Forexworld, I like your name. Your world is my world.

I have my views on this pair coming up in my Weekly Forecast. It is the 2nd pair of the 11 that is featured.

Yes I am new in this field starting with ichimoku, what time frame do you use generally for entering trades?

 

[4xpipcounter]

Forexworld, I use all of them. I was intrigued by your previous post in alluding to different ones. One thing that always needs to be determined in analyzing a market is the dominant TF. As an example, the 4-hour may be extremely OS, and the daily and weekly are going sideways. The 4-hour becomes dominant. OTOH, the 4-hour could be OS, and the daily could be OB. You could go long because of the OB condition on the 4-hour, but it also warns of a strong reversal because of the daily.

Feel free to share your ichi charts here and we can throw some ideas around.

Yes I am new in this field starting with ichimoku, what time frame do you use generally for entering trades?

 

[4xpipcounter]

Weekly S&R's--100211

Pair R3 R2 R1 S1 S2 S3
EUR/USD 1.3714 1.3565 1.3475 1.3295 1.3205 -1.3056
USD/JPY 78.03 77.58 77.31 76.77 76.50 -76.05
GBP/USD 1.5867 1.5737 1.5659 1.5503 1.5425 -1.5295
USD/CHF 0.9304 0.9200 0.9138 0.9013 0.8951 -0.8846
EUR/CHF 1.2277 1.2220 1.2186 1.2116 1.2082 -1.2025
AUD/USD 1.0337 1.0166 1.0063 0.9860 0.9760 -0.9583
USD/CAD 1.0870 1.0701 1.0600 1.0399 1.0301 -1.0126
NZD/USD 0.7970 0.7810 0.7714 0.7521 0.7425 -0.7266
EUR/GBP 0.8753 0.8678 0.8632 0.8541 0.8496 -0.8421
EUR/JPY 106.16 104.77 103.93 102.27 101.44 -100.04
GBP/JPY 123.12 121.69 120.83 119.12 118.27 -116.82

 

[4xpipcounter]

This is my analysis on the USD/JPY as it will appear on my Weekly Forecast. It is still going to be a while until I ma oging to be finished with it:

USD/JPY: This pair could be ready for a sharp return to the DOWN at 77.58, the WR2. That point also matches up nicely with the bottom of the daily cloud. The pair just found its way out of the 4-hour cloud with some nice momentum. The daily cloud is fresh, so it all indicates one of 2 things: 1. 77.58 contains, and the movement out of the 4-hour cloud is short-lived; 2. We have a very sharp move on the other side of the cloud.
Having said that, we could see this pair hit that mark then travel east for awhile then take out the bottom of the cloud. That could be the most likely scenario.

Forexworld, I never did see your chart. Try copying it at Imageshack, and then copy and paste the Forex Code.

Hi Mr paul ! Here is a daily chart of usd/jpy pair , on the daily outlook the pair has been in a downside from the 10th of july ! now as the chart shows the pair has broken and settled above the kinjun sen and tenken sen, now the price are very near the clouds but the overall picture seems to be be bearish, the chikou span. has broken straight above the tenkan sen, now the pair has been in a very sideways pattern from 10th of august , the overall price has touched a record low in the last few days, when it started it sideways pattern, on the 4 hour the pair has comfortably broken above the top of the cloud indicating a bullish pattern but the 4 hour seems to be very choppy as there are no clear movements, it breaks above the cloud stays for few days then beaks below! I want to go long here but I am afraid that it might hit the bottom of the cloud on the daily chart and just reverse back to its downtrend what do you think ? will it continue its downtrend or a breakout will be seen above the clouds? or should i wait for a clear indication?

 

[forexworld]

This is my analysis on the USD/JPY as it will appear on my Weekly Forecast. It is still going to be a while until I ma oging to be finished with it:

USD/JPY: This pair could be ready for a sharp return to the DOWN at 77.58, the WR2. That point also matches up nicely with the bottom of the daily cloud. The pair just found its way out of the 4-hour cloud with some nice momentum. The daily cloud is fresh, so it all indicates one of 2 things: 1. 77.58 contains, and the movement out of the 4-hour cloud is short-lived; 2. We have a very sharp move on the other side of the cloud.
Having said that, we could see this pair hit that mark then travel east for awhile then take out the bottom of the cloud. That could be the most likely scenario.

Forexworld, I never did see your chart. Try copying it at Imageshack, and then copy and paste the Forex Code.

Mr paul, on the 4-hour chart the pair has broken above the cloud, on my observation it has cleard some tight area of 76.77 which was acting as a strong resistance, the stochastic has yet to be overbought, I personally went long at 76.80 on the basis of the 4 hour chart and my take profit is set at the bottom of the daily cloud at 77.58, the minimum it should hit is 77.32 if not the bottom of the daily cloud! Secondly here is the daily chart ! On the daily chart the chikou span crosses the tenken sen from below indicating a "BUY" but yes it happened below the kimo cloud so a weak signal (a breakout could be possible on the above of the daily cloud) but the overall daily seems to be bearish as pairs remains under pressure so it could hit the bottom cloud at 77.58 and then go all the way back down most probably east like you said and then go inside the cloud which means neutral! but I have my fingers crossed on that, I hope that it breaks above the cloud soon so that i cold enter my long position that I have been waiting for! My tp should be hit this week!77.58 - 77.32) but I'll be waiting to see the next move of this pair, what do you think ??????
! I have also observed that it has touched a record low breaking the lowest record of 16th march 2011, I trade on the basis of the 4 hour I look for 3-4 candlestick profits, I like quick rejections ! BTW imageshack is not working , I will post the picture by phoctobucket