Target Hit Dead-On ... Moving On | $EUR $AUD #ECB #RBA #Forex
Friends,
Last Wednesday, June 04th, i posted two bearish targets for this chart, nmaley:
1 - TG-1 = 1.43744 - 04 JUN 14
and
2 - TG-Lo = 1.40384 - 04 JUN 14.
For a detailed technical commentary of the predictive analysis and forecasting, see the original chart/text here:
.
As of today, the outlook remains bearish and the lower target remains intact and in force. As defined in that former analysis, the "Lo/Hi" targets represent lesser probability events, but IF and ONCE price does reach these levels, it will have a tendency to represent a reversal.
While the target remains valid, I expect some consolidation to occur. For this reason, I will turn the Directional indicator to "Neutral".
Cheers,
David Alcindor
Predictive Analysis & Forecasting
----------------
Twitter: @4xForecaster
----------------
Last Wednesday, June 04th, i posted two bearish targets for this chart, nmaley:
1 - TG-1 = 1.43744 - 04 JUN 14
and
2 - TG-Lo = 1.40384 - 04 JUN 14.
For a detailed technical commentary of the predictive analysis and forecasting, see the original chart/text here:
As of today, the outlook remains bearish and the lower target remains intact and in force. As defined in that former analysis, the "Lo/Hi" targets represent lesser probability events, but IF and ONCE price does reach these levels, it will have a tendency to represent a reversal.
While the target remains valid, I expect some consolidation to occur. For this reason, I will turn the Directional indicator to "Neutral".
Cheers,
David Alcindor
Predictive Analysis & Forecasting
----------------
Twitter: @4xForecaster
----------------
