Some of my forecasts

[4xpipcounter]

Raj, good point. That is why I seem all over the palce with my view concerning the EUR/USD. The 4-hour and daily are deep, but it is working against the weekly and monthly.

Hiils,

hardly see any momentun to move north at this point in time.. every move has getting shot. I wonder the route map..

Regards
Raj

 

[rajesh.sadhanala]

LT, I just closed my short. I would say it is ready to go on Friday, BUT.... there is still have pressure on the weekly. If the weekly has its way, then we are on our way to 1.3078 and could be lower. There are so many other indications that suggest we are ready to reverse north.
There is some strong R on the 4-hour at 1.3435. If we get the strong candle taking it out, then we should be on our way.

I mentioned overall USD weakness by what I see with many of its crosses. It's very clear reversals against the USD are ready to go.
I just looked at the USD Index, and the 4-hour and daily are in perfect agreement for a strong reversal. They appear ready to gang up on the weekly. That statement alone suggests it is going to be a strong correction.

I also took a look at complex commons which is a very accurate indication of OB and OS conditions of individual currencies. The USD is the strongest on the 4-hour, daily, and monthly, and the 2nd strongest on the weekly. This tells us it is ready to let up on some of its strength. A strong break of 1.3435 will be the beginning. I'm taking a small position from current level, and then build on it as I go. The only reason I would not take my normal size is that I could take a ride in reverse for 200 pips, and I'm not hedging becasue of the explosive potential heading north.
FYI, the weakest currencies on the respective TF's are GBP on the 4-hour, NZD on the daily, AUD on the daily, NZD on the weekly, and the EUR on the monthly.
Complex commons is the type of indicator to be used only as an alert.
Here's a test: The GBP/JPY, according to CC, is ready to head north intraday. Watch for it on Friday.
Overcoming days, watch for the AUD/JPY. Both of those outlooks are in the absence of my methodology, but it should give some idea as what to expect.

As far as the EUR/USD, I do sound a little vague, but I have to. LT, the pair is headed deep into the 1.2000's, and even the 1.teens. As of now, the correction will be contained around 1.3960. We have told the 1.4000's "good-bye" for a long time. The way things are going lately, the correction could take us to 1.4000 just to make me a liar--lol.

Paul,

I was about to ask you about EURUSD and u have come up with it. As I look into, its favorable for a relief rally but not sure how far it can stretch.

I am just wondering whether we can reach 1.396 but my target is around 1.3725.

The interesting part is 1.3078 by looking at the weekly, this is typically a back up scenario.

Regards
Raj

 

[4xpipcounter]

Mubzaveri, I don't think we met before, so it is my pleasure.

We need a strong volatile move under .9099 on Friday, or stay tuned for the Weekly Forecast.
The pair has broken comfortably over the 4-hour apex. From this point watch for .9249. That level should bag some pips just be default. The next level to look for if we get that high would be .9302. That level also has the earmarks to contain. Things will start looking real ugly if we make it to strong R at .9394.
We need .9249 to contain in order to get the move under .9100. If that happens, then the course looks somewhat certain for a correction to the low .8000's.
If we don't get the move under .9100, I'll have less hair just trying to figure all this out.

paul sir,
what do u think about USDCHF nice short opportunity is cooking up, though not confirmed yet,
ur suggestion wud be valuable............:clapping:

 

[4xpipcounter]

Hills, Wow! I gave similar views before reading your post.
LOL, it is all HO, or the markets will do it for us.

yes i think its looking ripe but it should go up some more on the monthly.. before it starts southwards.. 0.94170 would be a good level... and maybe beyond...to 0.99925

IMHO ... Paul what are your views..

 

[4xpipcounter]

Saif!!!!! You said what!?!?
Write me an e-mail if you want to talk.

Though I have left trading forex

but I think that 0.9299 SD extreme or less would be the point where I would be looking for a reversal! the momentum is still north on the weekly and daily , even the monthly kinjun sen could be hit before the reversal shows itself

 

[4xpipcounter]

The irony is that now it seems like there is so much uncertainty, because odf the timing being off on the reversal. The irony is we need a huge move north, then throw all uncertainty out the window.

Your 1.3725 target is reasonable. The move back to that TL still has not been fully completed, and he next recovery could be its final chance.

Paul,

I was about to ask you about EURUSD and u have come up with it. As I look into, its favorable for a relief rally but not sure how far it can stretch.

I am just wondering whether we can reach 1.396 but my target is around 1.3725.

The interesting part is 1.3078 by looking at the weekly, this is typically a back up scenario.

Regards
Raj

 

[mubzaveri]

Mubzaveri, I don't think we met before, so it is my pleasure.

U r right sir,
we never meet before,though i was following u in some some of ur posts in non forex discussion.
thanks for the clarification......:clapping:

 

[4xpipcounter]

Just to clarify. It is not his view that I was surprised over, but the fact he said he is leaving forex.

Saif!!!!! You said what!?!?
Write me an e-mail if you want to talk.

 

[4xpipcounter]

Eur/usd

First, another thanks to the moderators for deleting the spam.

Okay, I got it figured out. I'm doing this pair now, because there has been so much talk about it. A further update of it will be seen in the Weekly Forecast.

Make no mistake, this is a freight train. Nevertheless, The weekly S&R's will give a clearer story, but circa 1.3150--1.3030 marks containment, before we get a correction to the longer term DOWN. The correction could take on my forms, but initial MT R will be 1.3763, which is also a solid cluster event. Longer term, the picture is clear. We are headed to the low 1.2000's. Peering into next year, whatever the YS2 is going to be, it will be hit.

 

[hills_5000]

Re: Eur/usd

well it seems the E/U pair might just hit my target .. as will USD /CHF...

The USD index is reversing ...the GBP and the Swiss already have..aussie is progress as is kiwi index....so looks like we have a merry EOY rally before the next leg south..

First, another thanks to the moderators for deleting the spam.

Okay, I got it figured out. I'm doing this pair now, because there has been so much talk about it. A further update of it will be seen in the Weekly Forecast.

Make no mistake, this is a freight train. Nevertheless, The weekly S&R's will give a clearer story, but circa 1.3150--1.3030 marks containment, before we get a correction to the longer term DOWN. The correction could take on my forms, but initial MT R will be 1.3763, which is also a solid cluster event. Longer term, the picture is clear. We are headed to the low 1.2000's. Peering into next year, whatever the YS2 is going to be, it will be hit.