High Probability Forecasts

[pro4Xtrader 10]

With the beginning of a new cycle GBPAUD could have a strong rally up.

[pro4Xtrader 10]

There my latest version of the GBPAUD scenario, according to which it could have a swing up of over 600 points

[pro4Xtrader 10]

NZDUSD bouncing of the channel that could trigger another wave down, Next buying cycle in two weeks and I'd expect NZDUSD to hit 0.7280 by this time.

[pro4Xtrader 10]

What it seems to be that EURUSD is rejecting the ascending channel that could invite sellers in a short while. Cycles support the idea of the EUR being at or near the top of it's cycle. If we hold current resistance I'd expect EURUSD to return to the major technical as well as psychological support around 1.1000.

[pro4Xtrader 10]

GBPCHF bounced off the support at 1.4350 level, forming a local double bottom. Cycle analyses suggest that 3 SELLs could be followed by 3 BUYs. Currently pair is entering the first buying cycle.

[pro4Xtrader 10]

AUDCAD clearly moving within the ascending channel. Recent bounce of the top of the channel suggest a correction down towards 0.9525 area. Cycle analysis indicates that corrective wave could end on the 18th of May.

 

[pro4Xtrader 10]

USDJPY has rejected a long term uptrend trendline signalling on a potential strength. While 118 level is not penetrated, buyers will dominate, potentially pushing price once again up to form a triple top. Cycles suggest the beginning for the upswing in the next couple of days. At the same time our longer term view suggest a strong correction down once/if USDJPY reaches triple top area.

 

[pro4Xtrader 10]

If EURNZD manages to hold current resistance, with the weekly close below 1.5316, it is very likely correction down will follow. First target could be 1.5000 as a round psychological level. However there is technical resistance as fart as 1.4680 at the 23.6% level.

 

[pro4Xtrader 10]

While NZDCAD broke above the descending channel it could provoke another extension up towards 0.9070 area where the 23.6% fibs is crossing with the downtrend trendline. The trendline itself should act as a resistance. In addition, cycles point to the time where fibs and trendline is crossing.

[pro4Xtrader 10]

AUDCHF could be getting back to the significant support area near 0.7330. cycles suggest that the downside target could be reached as fast as tomorrow. Besides prise moves within the acceding channel without breakouts till this point.

 

[pro4Xtrader 10]

AUDUSD broke below the uptrend trendline suggesting further decline. Target is located near previous support as well as previous resistance near 0.7750 area.

[pro4Xtrader 10]

The double top does indicate on the potential correction or a reversal to the downside. According to Fibs time zone the dowside target should be reached pretty fast, where cycle crosses with the trend line and previous support level.

 

[pro4Xtrader 10]

CHFJPY rejected the key support area. Cycle up is still intact and the uptrend should be ending in the beginning of June. Target area is around a psychological round number 1.33

[pro4Xtrader 10]

While NZDJPY found the support it could be now growing, growing fast. The channel angle as well as cycle analysis suggest a 300 pip rise by the beginning of June.

[pro4Xtrader 10]

Break above the channels confirms bullish sentiment. GBPAUD could be reaching 2.0000-2.0010 area shortly.

[pro4Xtrader 10]

GBPCAD cycle up just begun suggesting the new highs are not too far away. It it not necessary that price will start raising immediately, but some range can be expected prior to the rally. Overall I expect GBPCAD to grow by 500 points by 10th of July.

[pro4Xtrader 10]

Gold is clearly in ranging condition that could provoke further consolidation. Considering that DeMarker oscillator is out of the oversold area price could start rising to test 1220 resistance area. Also the uptrend trendline has been rejected with the new up cycle just starting.

[pro4Xtrader 10]

AUDCHF continue to range and currently trading near the top of the range. The oscillator shows weakness and a potential cycle down. target near 0.7325

[pro4Xtrader 10]

USDCAD yet to face strong resistance at 1.2445. Bounce of the uptrend trendline confirms bullish sentiment and Demarker oscillator pointing up.

[pro4Xtrader 10]

AUDNZD broke below the support at 1.0733 confirming that it is under selling pressure. Within the next 24 hours we could see another wave down targeting 1.0585 level.

[pro4Xtrader 10]

EURCAD rejected the support and started rising. The Demarker broke above the trendline suggesting further move up. The price should be testing the area between 1.37-1.38

[pro4Xtrader 10]

GBPNZD cycles suggest a good time for a sell. The uptrend trendline is broken and that should put price under pressure. Overall I expect price to go down and hit 2.0780 area. Good selling opportunity might right now at 2.1330.

[pro4Xtrader 10]

NZDCAD just started a new cycle up that could lead to further upside extensions. I see the target near 0.9380 area, which is the point of the channel breakout.

[pro4Xtrader 10]

NZDCAD rejecting the support zone of the established range. Oscillator pointing on the oversold condition that could result in price going up to test key resistance near 0.9060 area.

[pro4Xtrader 10]

GBPAUD bounced of the uptrend trendline the same as the Demarker oscillator. This could suggest another and perhaps final swing up to test 2.0080 area.