Some of my forecasts

[4xpipcounter]

Mr paul, gbp/usd H4 was a breakout below the cloud in regards to the chikou span crossover below the tenken which happened below the cloud, daily tenken could not be held, It opens gate way for the weekly bottom cloud? what do you think?

I'm agreeing with you all the way. I also stated in my Weekly Forecast that the bottom of the cloud needs to be hit before the DOWN is completely satisfied.

BTW, it looks like the EUR/USD has hit the WS2 today. Wow!
Cable has only come 16 pips from its WS2. These guys are out of control.

 

[forexworld]

I'm agreeing with you all the way. I also stated in my Weekly Forecast that the bottom of the cloud needs to be hit before the DOWN is completely satisfied.

BTW, it looks like the EUR/USD has hit the WS2 today. Wow!
Cable has only come 16 pips from its WS2. These guys are out of control.

Yes I noticed that it has hit the WS2 and its already up by 20 pips ! if you notice the weekly chart it has almost hit the bottom of the cloud at 1.3184 ! it just missed by 5 pips! all the weekly selling crossover happened above the cloud so I am not focusing on it ! I wonder if it will bounce back up and hit the top of the weekly cloud from here ! what do you think? strong support of the weekly bottom cloud is seen at 1.3073!

 

[forexworld]

Was seeing the chart for NZD/USD ! D1 and H4 is bearish but on the weekly the price is sitting on top of the cloud ,! Stoch is oversold here, Seems We can see a huge reversal back to the up after 0.7505 is hit, I don't think it will break below the weekly support but it will most probably bounce from this level(0.7505) to all the way back up! ?

 

[4xpipcounter]

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The tenken, which is near the top of the cloud and the weekly TL represents an extremely strong R. That is circa 1.5970. That matches up nicely with the 1.6035 R level on the monthly. For now I would look for that area to contain, then bring the next level of the drop to the monthly TL currently at 1.4999.
I was focusing on cable, then noticed you asked anout the EUR/USD.

The EUR/USD has the same kind of cluster event at the top of the weekly cloud, which is currently at 1.3819, which is packed rather nicely under the monthly R at 1.3833. A bounce off that area would herald a continued drop to 1.2437<>.

Yes I noticed that it has hit the WS2 and its already up by 20 pips ! if you notice the weekly chart it has almost hit the bottom of the cloud at 1.3184 ! it just missed by 5 pips! all the weekly selling crossover happened above the cloud so I am not focusing on it ! I wonder if it will bounce back up and hit the top of the weekly cloud from here ! what do you think? strong support of the weekly bottom cloud is seen at 1.3073!

 

[4xpipcounter]

I wrote the following in my Weekly Forecast, "NZD/USD: Im looking for the top of the weekly cloud at .7502 to contain the MT before we get a very strong reversal."

Was seeing the chart for NZD/USD ! D1 and H4 is bearish but on the weekly the price is sitting on top of the cloud ,! Stoch is oversold here, Seems We can see a huge reversal back to the up after 0.7505 is hit, I don't think it will break below the weekly support but it will most probably bounce from this level(0.7505) to all the way back up! ?

 

[forexworld]

Mr paul, for Usd/cad everything is in the favour of the bull right now, not to mention the bulls on h4 and d1, On the weekly chart the pair has broken the bearish cloud and cleared all the way up. TK/TJ crossover happened at the bottom of the weekly cloud indicate a bull sign , even the chikou span has crossed the weekly cloud but the 200 day is acting as a very strong resistance at 1.0580! what I feel this level should be hit before we see a downside move again to the top of the weekly cloud and then we could go all the way up! I am not so sure on this one what are your views?

 

[forexworld]

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The tenken, which is near the top of the cloud and the weekly TL represents an extremely strong R. That is circa 1.5970. That matches up nicely with the 1.6035 R level on the monthly. For now I would look for that area to contain, then bring the next level of the drop to the monthly TL currently at 1.4999.
I was focusing on cable, then noticed you asked anout the EUR/USD.

The EUR/USD has the same kind of cluster event at the top of the weekly cloud, which is currently at 1.3819, which is packed rather nicely under the monthly R at 1.3833. A bounce off that area would herald a continued drop to 1.2437<>.

I was not clear in this phase ,eurusd the top of the weekly cloud is currently at 1.3819 that is absolutely right but my main question was that currently the pair is sitting on the bottom of the weekly cloud, Now I suspect that the pair could see a reversal back up to the top of the weekly cloud at 1.3819 and not a breakout below the cloud, is it a good idea to buy for now to see a test to the top of the weekly cloud?

 

[4xpipcounter]

Forexworld, keep posting if you'd like. I'm going to be away for awhile. Give me about 6 hours from this post to get back to you.

 

[forexworld]

I wrote the following in my Weekly Forecast, "NZD/USD: Im looking for the top of the weekly cloud at .7502 to contain the MT before we get a very strong reversal."

I am glad that I have the same view as yours !

 

[4xpipcounter]

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As far as the loonie is concerned, this monthly tells the story. I've been saying for awhile it is headed to the bottom of the monthly cloud at 1.1060. It won't be a straight line, and it is due for a MT correction, but after making it clear of the weekly cloud, it's now a clear shot.

Mr paul, for Usd/cad everything is in the favour of the bull right now, not to mention the bulls on h4 and d1, On the weekly chart the pair has broken the bearish cloud and cleared all the way up. TK/TJ crossover happened at the bottom of the weekly cloud indicate a bull sign , even the chikou span has crossed the weekly cloud but the 200 day is acting as a very strong resistance at 1.0580! what I feel this level should be hit before we see a downside move again to the top of the weekly cloud and then we could go all the way up! I am not so sure on this one what are your views?