$NZD vs. $USD Nears Geo's Point-5; Target at 0.77934 #forex
Background geometry calls for a Point-5 definition along its 1-3 Line. By definition, this is often associated with a retracement back along the geo's 1-4 Line.
Predictive/Forecasting Model indicates a generally BULLISH outlook, taking aim at its most proximal quantitative target at 0.77934. An interim retracement in the order of 0.382 to 0.618-Fibonacci might occur, but loftier qualitative targets are also lurking and expected to be visited - The targets are defined as follows:
1 - TG-1 = 0.77934 - 22 APR 2015: Quantitative Target = High-Probability hit; Low prob. reversal
2 - TG-Hi = 0.79490 - 22 APR 2015: Qualitative Target = Low-Prob. Hit; High prob. reversal
and
3 - TG-Hix = 0.80497 - 22 APR 2015; Qualitative Target = Very Low-Prob. Hit; Very High prob. reversal
Predictive/Forecasting Model indicates a generally BULLISH outlook, taking aim at its most proximal quantitative target at 0.77934. An interim retracement in the order of 0.382 to 0.618-Fibonacci might occur, but loftier qualitative targets are also lurking and expected to be visited - The targets are defined as follows:
1 - TG-1 = 0.77934 - 22 APR 2015: Quantitative Target = High-Probability hit; Low prob. reversal
2 - TG-Hi = 0.79490 - 22 APR 2015: Qualitative Target = Low-Prob. Hit; High prob. reversal
and
3 - TG-Hix = 0.80497 - 22 APR 2015; Qualitative Target = Very Low-Prob. Hit; Very High prob. reversal