Some of my forecasts

[4xpipcounter]

The current rate is 1775.80.

No, that was not the point !!

If you see this in T4J thread also, people are asking whether you are providing SPOT or FUTURE value. Same can go for gold depending on the instrument. It helps people to know current market price (CMP) of the instrument you are forecasting, and that's what I asked along with the forecasts.

 

[reachjesal]

Hi Paul,

Nifty has taken further beating to 5368. do you still expect we would first correct are way up to 5521 5541? thanks

 

[4xpipcounter]

RJ, my chart says the dip, to this point, is 5416.
But, no. The possibility for the correction is called off. The TL has been broken, as expected, and we are now headed to correct the break of the weekly at 5335, and it should go a tad lower. Still, look for a reversal back to the UP in that circa area.

Hi Paul,

Nifty has taken further beating to 5368. do you still expect we would first correct are way up to 5521 5541? thanks

 

[rajesh.sadhanala]

Re: Gold

Gold 1834.65 1805.78 1788.39 1753.61 1736.22 1707.35

The daily tenken is 1746, and the 4-hour kijun is 1759. The WS1 at 1753 falls in between those 2 figures. I thought it was interesting that when I got done rounding off the totals the WS1 was exactly the mid-point of those 2 totals. Any rate, that area should contain this week, because the market is headed higher. Look for the WR2 at 1805 to be hit.

MT, it is expected to see the all-time high at 1920.90 to be broken. We had the minimum bounce off the YR1 at 1762, and the YR2 is 1962, so it would be enough to break the all-time high, and it should happen over the next 2-3 months.

I feel that it may revisit 1703 levels before moving further up. 1800 is on the cards but any upmove further have to revisit 1700's.. Just my opinion.

Regards
Raj

 

[4xpipcounter]

Eur/jpy

There is beautiful sunshine out, so I need to go touch a few rays. Before I leave, I decided to give an update on the EUR/JPY.

As per the Weekly Forecast, I said if 108.79 was broken, it was time to stick a fork in the UP. The hourly chart tells the story.
This is not the chart I am short on, but I'm going to look to add to it once there is a break outside of the cloud. I'm also hoping for there to be a nice swing low created at the current dip, so it will accentuate the move south. 103.21 should be hit, even though it won't all get done this week.

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[rajesh.sadhanala]

Re: Eur/jpy

There is beautiful sunshine out, so I need to go touch a few rays. Before I leave, I decided to give an update on the EUR/JPY.

As per the Weekly Forecast, I said if 108.79 was broken, it was time to stick a fork in the UP. The hourly chart tells the story.
This is not the chart I am short on, but I'm going to look to add to it once there is a break outside of the cloud. I'm also hoping for there to be a nice swing low created at the current dip, so it will accentuate the move south. 103.21 should be hit, even though it won't all get done this week.

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I would expect it come down somewhere near 105.8 and 104.5 levels. but ur deep insight tells your confidence levels.

Regards
Raj

 

[4xpipcounter]

Re: Eur/jpy

Raj, that's only because the weekly TL needs to be corrected, which is why I have that view.

I would expect it come down somewhere near 105.8 and 104.5 levels. but ur deep insight tells your confidence levels.

Regards
Raj

 

[4xpipcounter]

Eur/usd

The WS1 at 1.3360 was missed by 5 pips on Monday, but will be hit on Tuesday, as we see the pair move further south to the WS2 at 1.3271. In my Weekly Forecast I wrote the WS2 should be hit, and it could be hit after just the 2nd day of the week.

 

[4xpipcounter]

Usd/jpy

The retreat for this pair has been swift, as it has 78.87 on the radar before thoughts of moving higher. It has already clocked in with the WS2 at 80.17.
As per the Weekly Forecast, it needed to hit 80.45 to signal or confirm that 78.87 was going to be hit.

 

[4xpipcounter]

Gbp/usd

I mentioned in my Weekly Forecast that the WS2 at 1.5805 would contain for the next strong move north. It appears I will be wrong there, as the dip on Monday was 1.5809. After such a strong move, it appears to be set at heading lower.