High Probability Forecasts

[pro4Xtrader 10]

GBPUSD reached the upside target. It could face strong resistance at this level and there is potential for reversal down.

[pro4Xtrader 10]

There was no strong support confirming the end of the EURJPY downtrend. Currently we can see the bounce of the fib level that could be the key area for downtrend continuation. If that’s the case a huge move down in a very short time is something very realistic.

[pro4Xtrader 10]

GBPCHF should have the final swing down before/if it reverses. Another 100pips up is quite likely in the very near future.

[pro4Xtrader 10]

Completely missed to post EURGBP, but here we go, still to reach the target….

[pro4Xtrader 10]

CADJPY did break below the rising channel that could be a confirmation of a long term downtrend. I think this scenario has the right to live and could be developing over the coming months. Besides, if you look at all JPY pairs, they all have some sort of signals of a downtrend… well for me at least.

[pro4Xtrader 10]

Break below the descending triangle confirms the downtrend. At the very minimum I’d expect a triple bottom.

[pro4Xtrader 10]

GBPCHF broke out from the range that could push price much higher. Currently we can see a pullback to the previous resistance, and it could be a good spot to buy.

[pro4Xtrader 10]

CADJPY holding the support nicely that should be short term uptrend confirmation.

Edited May 1, 2015 by pro4Xtrader

[pro4Xtrader 10]

While AUDCAD did hit the upside target it might very well test the strong resistance around 94.00 area

[pro4Xtrader 10]

While GBPCHF formed a double bottom I’d expect now a correction up to 1.4230

[pro4Xtrader 10]

For AUDUSD looks reasonable to retest 0.77 support area considering the break below the ascending channel. Lets see…

[pro4Xtrader 10]

The downtrend channel was broken that should push price higher, although currently GBPUSD is at the resistance and first I’d expect a drop to 1.48

[pro4Xtrader 10]

According to cycle analysis AUDCAD should start moving. Considering that it is now at the top the move is most likely will be down to re-test major support.

[pro4Xtrader 10]

EURCAD rejected the downtrend trendline and now we could see a decline back to the middle on the channel. Cycle analysis supports the idea that EURCAD is at the local top.

[pro4Xtrader 10]

Looks like CADJPY making higher highs and higher lows. At the same time it failed to break uptrend trendline (from current attempt) and cycles pointing to the next coming swing... potentially up to the previous strong resistance are at 103.75

[pro4Xtrader 10]

While GBPCAD broke above downtrend trendline, furhter rise should follow. But perhaps its not the best time to enter long trade since it is still in rage trading mode where move downt to double top first is quite likely.

[pro4Xtrader 10]

GBPUSD approaching massive resistance area. If it hold a shart drop back to 1.48 could take place.

[pro4Xtrader 10]

It doesn't look like there is a clrear direction on USDJPY. While it continues to reange, price has a good chance to hit 120.80 resistance (or higher) once again.

[pro4Xtrader 10]

NZDUSD broke below the channel and it cold be pretty fast till it reaches 0.73 support area.

 

[pro4Xtrader 10]

USOIL is in a strong uptrend that does not seem to be over yet. I’d expect a final swing up to 64 area. If it breaks above further extensions up might follow, if holds, correction should take place.

[pro4Xtrader 10]

I just analysed GBPUSD and from what it looks, could be a perfect sell entry point, although longer term it looks bullish, interesting to follow..

[pro4Xtrader 10]

Here is an alternative scenario for GPBUSD where it could continue rising without correction.

[pro4Xtrader 10]

AUDJPY is in a clear uptrend that has still some more upside potential. Then there could be a very nice drop

[pro4Xtrader 10]

EURCAD could have final drop from this point targeting 1.3350

[pro4Xtrader 10]

This is quite a long term outlook on Gold but still looks interesting. According to my cycles we could see a steady growth on gold for years from this point.