Weekly Prebview--031311
I do not remember the last time I as consistently off as much as I as on these picks for this week. The main reason was I had no way of knowing the extreme volatility that was about to take place. Any rate, those that have followed my forecasts for any period of time knows this weeks preview is an exception to the rule, and so here goes.
EUR/USD: There is room for a continuation to the top of the 4-hour cloud at 1.3930. From there, I really believe you are going to need a road map to keep up with this pair. The pair looks range bound this week. There is little doubt that 1.3930 is containment, at least at the beginning of the week.
We didnt need the road map. It just went due north all week to the peak at 1.4184
USD/JPY: It appears containment for the week on the downside is 81.18, and if it does reach that far, then a strong reversal is expected. Having said that, the upside still looks limited, as 83.00 does not look capable of being hit, even though that is subject to change as the week progresses.
I was right concerning 83.00 not being hit, as 82.45 was the peak. The downside containment, I was only off by $4.75, as the dip was 76.43.
GBP/USD: This pair could continue doing what it did to end the week, and that is continuing to move north. The tenken / kijun combo on the daily appears to be containment at 1.6160. The daily cloud will contain the downside at 1.5918.
Containment was not needed as the dip was 1.5978. The pair kept rising to the peak of 1.6256.
USD/CHF: This pair looks very volatile for this week. It should go straight UP to start the week, and then straight DOWN that should break current level. .9468, maybe a little less appears to be containment for the week, and then the reversal heads to the range at .9338--.9084. The viable target is .9258, and it could drop all the way to .9160.
I was right on the volatility. Its just the numbers were way off. It went straight up to start the week, but the peak was only .9356. The dip was .8924.
EUR/CHF: Similar to the USD/CHF, we are in for a roller coaster ride, so keep the seat belts on. Very strong R is the 4-hour combo of the top of the cloud and the kijun. If it breaks through there, then the daily kijun will be waiting to contain price action for the week at 1.2955, even allowing for a spike to 1.2970. The downside wont be as much fun as the USD/CHF, as this week it should be limited to 1.2818.
Im proud of this one! The peak was exactly 1.2970, but the dip was 1.2434, and then we had the strong reversal that followed.
AUD/USD: This pair looks like it is traveling east again this week. Absolute upside containment looks like 1.0213, and the pair should start off the week traveling north. He bottom of the daily cloud is .9880, which is containment on the downside.
The peak was only 1.0127. It did not travel east as it headed due south to the dip at .9705, and then we jumped the express going north.
USD/CAD: This pair could be in for further travels south towards 9658 to start the week. It will be from that circa area that it will be ready to reverse and move towards this weeks range of .9787--.9927. A viable upside target for this pair is .9826.
The dip ended at .9709, and then the trip north ended at .9966. This is one of the better calls I made for the week.
NZD/USD: Things are shaping up in a very interesting way for this pair. Containment to the north this week is the daily kijun at .7553. If that does get hit, then be prepared for a sharp reversal, but the irony would be that the downside would be contained at .7471, which is now looking further in the future. What makes this whole scenario so interesting is that a major R needs to be hit in order to signal the new uptrend. The downside looks very limited. The pair should begin the week correcting, but if it does not ,then .7486 will be initial containment, and then the move south begins to the hourly tenken at .7404 and the kijun at .7390. If that does not contain, then the top of the cloud will at .7368.
This pair started at .7414 and headed straight to .7116, and then the violent reversal.
EUR/GBP: This pair is on its way to the top of the weekly cloud at .8738, but it will not happen this week. The range this week is to the downside at .8599--.8508. The top of the 4-hour cloud is likely to contain at .8574. Ideally, this pair will continue its move north to .8690, but its doubtful it will rise that high to start the week.
.8625 was the dip and .8762 was the peak.
EUR/JPY: This pair should be heading south to start the week, but the trip will go no lower than 111.96, and initial R will be current level to 114.00. After the trip south has been completed, then it will head back north, and it will go no higher than last weeks WP at 115.10. I get the feeling this pair is building up a base near the bottom of the weekly cloud for an explosive move to the top, which is 121.95.
This was real ugly. The dip was 106.51, and then we had a reversal that took the pair to the peak at 115.55. At least the base is still building at the bottom of the weekly cloud.
GBP/JPY: This pair could start the week correcting some of the losses it experienced to end last week. That should be contained at the 4-hour kijun at 132.59. From there, the drop should continue as the current daily cloud top should contain at 130.20. The reversal should be strong, but containment on the upside would be 133.87, which is the 4-hour cloud top projected into the future.
This pair was also extremely volatile this week, but the containment was 132.53, so I was happy about that. The dip? 123.16.
EUR/NZD: As it stands now, the new level to look to for containment for the week is the WR3 at 1.9111. My Wr2a level is 1.9063, so that could also be possible containment.
The peak ends up being 1.9570.
EUR/USD: Look for 1.4189 to be containment, and herald a reversal. That is the WR3 and the top of the monthly cloud. A break of 1.3941 will get us to the daily kijun at 1.3757 quickly.
The containment level was missed by 5 points at 1.4184.
EUR/JPY: Another inraday reversal is coming, but it will be contained above the weekly cloud currently at 113.38.
At the time of this reporting the price was 115,11, and price took a dip to 114.11.
GBP/JPY: This pair just climbed 932 points in 30 hours. Now, it's time to correct a chunk of that move.
At the time of this reporting the price was 132.46, and price took a dip to 130.34.
GBP/USD: There is a cluster event at 1.6265--84 that is waiting to reverse the direction for this pair.
The peak was 1.6256.
I think my deviant behavior came through in the last 4 posts. They were some of my more obvious setups, so I reported them just to sweeten things up a little on this Weeks Preview.
I do not remember the last time I as consistently off as much as I as on these picks for this week. The main reason was I had no way of knowing the extreme volatility that was about to take place. Any rate, those that have followed my forecasts for any period of time knows this weeks preview is an exception to the rule, and so here goes.
EUR/USD: There is room for a continuation to the top of the 4-hour cloud at 1.3930. From there, I really believe you are going to need a road map to keep up with this pair. The pair looks range bound this week. There is little doubt that 1.3930 is containment, at least at the beginning of the week.
We didnt need the road map. It just went due north all week to the peak at 1.4184
USD/JPY: It appears containment for the week on the downside is 81.18, and if it does reach that far, then a strong reversal is expected. Having said that, the upside still looks limited, as 83.00 does not look capable of being hit, even though that is subject to change as the week progresses.
I was right concerning 83.00 not being hit, as 82.45 was the peak. The downside containment, I was only off by $4.75, as the dip was 76.43.
GBP/USD: This pair could continue doing what it did to end the week, and that is continuing to move north. The tenken / kijun combo on the daily appears to be containment at 1.6160. The daily cloud will contain the downside at 1.5918.
Containment was not needed as the dip was 1.5978. The pair kept rising to the peak of 1.6256.
USD/CHF: This pair looks very volatile for this week. It should go straight UP to start the week, and then straight DOWN that should break current level. .9468, maybe a little less appears to be containment for the week, and then the reversal heads to the range at .9338--.9084. The viable target is .9258, and it could drop all the way to .9160.
I was right on the volatility. Its just the numbers were way off. It went straight up to start the week, but the peak was only .9356. The dip was .8924.
EUR/CHF: Similar to the USD/CHF, we are in for a roller coaster ride, so keep the seat belts on. Very strong R is the 4-hour combo of the top of the cloud and the kijun. If it breaks through there, then the daily kijun will be waiting to contain price action for the week at 1.2955, even allowing for a spike to 1.2970. The downside wont be as much fun as the USD/CHF, as this week it should be limited to 1.2818.
Im proud of this one! The peak was exactly 1.2970, but the dip was 1.2434, and then we had the strong reversal that followed.
AUD/USD: This pair looks like it is traveling east again this week. Absolute upside containment looks like 1.0213, and the pair should start off the week traveling north. He bottom of the daily cloud is .9880, which is containment on the downside.
The peak was only 1.0127. It did not travel east as it headed due south to the dip at .9705, and then we jumped the express going north.
USD/CAD: This pair could be in for further travels south towards 9658 to start the week. It will be from that circa area that it will be ready to reverse and move towards this weeks range of .9787--.9927. A viable upside target for this pair is .9826.
The dip ended at .9709, and then the trip north ended at .9966. This is one of the better calls I made for the week.
NZD/USD: Things are shaping up in a very interesting way for this pair. Containment to the north this week is the daily kijun at .7553. If that does get hit, then be prepared for a sharp reversal, but the irony would be that the downside would be contained at .7471, which is now looking further in the future. What makes this whole scenario so interesting is that a major R needs to be hit in order to signal the new uptrend. The downside looks very limited. The pair should begin the week correcting, but if it does not ,then .7486 will be initial containment, and then the move south begins to the hourly tenken at .7404 and the kijun at .7390. If that does not contain, then the top of the cloud will at .7368.
This pair started at .7414 and headed straight to .7116, and then the violent reversal.
EUR/GBP: This pair is on its way to the top of the weekly cloud at .8738, but it will not happen this week. The range this week is to the downside at .8599--.8508. The top of the 4-hour cloud is likely to contain at .8574. Ideally, this pair will continue its move north to .8690, but its doubtful it will rise that high to start the week.
.8625 was the dip and .8762 was the peak.
EUR/JPY: This pair should be heading south to start the week, but the trip will go no lower than 111.96, and initial R will be current level to 114.00. After the trip south has been completed, then it will head back north, and it will go no higher than last weeks WP at 115.10. I get the feeling this pair is building up a base near the bottom of the weekly cloud for an explosive move to the top, which is 121.95.
This was real ugly. The dip was 106.51, and then we had a reversal that took the pair to the peak at 115.55. At least the base is still building at the bottom of the weekly cloud.
GBP/JPY: This pair could start the week correcting some of the losses it experienced to end last week. That should be contained at the 4-hour kijun at 132.59. From there, the drop should continue as the current daily cloud top should contain at 130.20. The reversal should be strong, but containment on the upside would be 133.87, which is the 4-hour cloud top projected into the future.
This pair was also extremely volatile this week, but the containment was 132.53, so I was happy about that. The dip? 123.16.
EUR/NZD: As it stands now, the new level to look to for containment for the week is the WR3 at 1.9111. My Wr2a level is 1.9063, so that could also be possible containment.
The peak ends up being 1.9570.
EUR/USD: Look for 1.4189 to be containment, and herald a reversal. That is the WR3 and the top of the monthly cloud. A break of 1.3941 will get us to the daily kijun at 1.3757 quickly.
The containment level was missed by 5 points at 1.4184.
EUR/JPY: Another inraday reversal is coming, but it will be contained above the weekly cloud currently at 113.38.
At the time of this reporting the price was 115,11, and price took a dip to 114.11.
GBP/JPY: This pair just climbed 932 points in 30 hours. Now, it's time to correct a chunk of that move.
At the time of this reporting the price was 132.46, and price took a dip to 130.34.
GBP/USD: There is a cluster event at 1.6265--84 that is waiting to reverse the direction for this pair.
The peak was 1.6256.
I think my deviant behavior came through in the last 4 posts. They were some of my more obvious setups, so I reported them just to sweeten things up a little on this Weeks Preview.
