Forecast of daily high and low. - page 10
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EUR/USD
Low volume high- 1.3641 to 1.3650
Average volume high- 1.3700 to 1.3705
Extra volume - 1.3765
Low Volume low - 1.3434
Average volume low- 1.3388
Extra volume low - 1.3296
(I also like 1.3535. might see at least some bouncing on it. )
GBP/USD (pardon the "extra extra". it is due to single top and bottom yesterday forming "S" shape with tails on either side, which means, at least to me, that a big wave could be coming either direction)
Low volume high- 1.5861
Average volume high- 1.5913
Extra volume - 1.5950
Extra Extra volume - 1.6089
Low Volume low - 1.5752
Average volume low- 1.5699
Extra volume low - 1.5667
Extra Extra volume - 1.5524Eur/Usd
Our target of... Low volume high- 1.3641 to 1.3650
formed the high of the day. The price bounced off these prices all day, and never broke through. It topped in the very middle of the range.
Actual high - 1.3646
No forecasted lows for reached. However, the price played around yesterdays forecast high of 1.3588.
Cable
Our forecast of... Low volume high- 1.5861
was reached, but the price shot over by 13 pips before it quickly retreated back down.
Accurate? Close. I should provide a "range" if I see the same set-up again in the future.
Low Volume low - 1.5752
was nearly reached, but was taken out by the MS1 level.
Shy by 9 pips.
Actual low 1.5761
Today's forecasts
EUR/USD
Low volume high- 1.3633 (Already reached)
Average volume high- 1.3661 to 1.3667
Extra volume - 1.3723 to 1.3733
Low Volume low - 1.3584
Average volume low- 1.3563
Extra volume low - 1.3538
Extra volume low - 1.3483
Right now it is about 22:00 EST
The cable is at 1.5824, with a current high of 1.5840. I believe this should hold.
I don't have a desire to calculate regular forecasts right now.
HOWEVER, as I said I might be under the impression that the 1.5840 is going to hold as the high of the day.
I'm running a new formula, similar to the other but with modifications.
It shows this 1.5840 to be the high. But, we'll see if it's true.
Everything is situational. If the market stay stable, it is probable.
If that holds, than possible that the Eur/Usd is going to hold as well.
The modified formula shows 1.3639 to be the high. One pip over the current high.
We'll see. Miracles happen all the time.
I think $gbpusd will range from 1.5718 to 1.5871
daily prediction sound good, but also depend on what time period that it reach the top or bottom, as the predicted range could be overshoot == safer to reach those price level during consolidation time
I have been observing this for long time ,1 hour and 30 minutes period of euro/usd in cycle period :
Right now it is about 22:00 EST
The cable is at 1.5824, with a current high of 1.5840. I believe this should hold.
I don't have a desire to calculate regular forecasts right now.
HOWEVER, as I said I might be under the impression that the 1.5840 is going to hold as the high of the day.
I'm running a new formula, similar to the other but with modifications.
It shows this 1.5840 to be the high. But, we'll see if it's true.
Everything is situational. If the market stay stable, it is probable.
If that holds, than possible that the Eur/Usd is going to hold as well.
The modified formula shows 1.3639 to be the high. One pip over the current high.
We'll see. Miracles happen all the time.check the formula again
Today's forecasts
EUR/USD
Low volume high- 1.3633 (Already reached)
Average volume high- 1.3661 to 1.3667
Extra volume - 1.3723 to 1.3733
Low Volume low - 1.3584
Average volume low- 1.3563
Extra volume low - 1.3538
Extra volume low - 1.3483The trading day made most of it's turning points on or very close to our forecasted levels. See picture. Large "X" marks turning points. Blue lines, the forecasted levels.
Our forecasted low of...Average volume low- 1.3563
was reached and formed the low of the day. (shy by only 4 pips)
Actual low- 1.3559
After my post about the 1.3639 level, the price proceeded to drop 80 pips.
However, it did not hold as the high.
Our forecasted high of...Average volume high- 1.3661 to 1.3667 was reached, but the price over shot by 8 pips, dropped about 50 pips, returned and over shot again by 16 pips; then the high was finally formed. .
Actual high - 1.3683
Nothing to say about the CABLE. I bombed on that forecast. Back to the drawing board.
check the formula again
Yeah, I goofed on that.
I'm trying though.
It seems safe to say that, what worked yesterday for the formula, may or may not work today.
The original one would have given us the forecasted high of 1.5914.
Which, would have been nice to have, especially after the drop of that magnitude.
THE CABLE
Low volume high - 1.5803
Average volume high- 1.5862 TO 1.5872*** (should atleast bounce off this level, if not the high.)
Extra volume - 1.5922 (YESTERDAYS HIGH)
Extra extra volume- 1.5959 TO 1.5981*** (keeping close watch on this level/range.)
Low Volume low - 1.5671
Average volume low- 1.5618 TO 1.5608 *** (I'LL BE KEEPING A CLOSE EYE ON THIS LEVEL/RANGE)
Extra volume low - 1.5511
Extra extra volume low - 1.5416
---Testing purposes only---
NEW modification to formula shows the low to be the open of 1.5707, and the high to be 1.5863.
Another version shows the 1.5647 also as a low, but I'll lean more on the previous version.
---FOR TESTING PURPOSES ONLY---
MODIFIED FORMULA
EUR/USD
FORECAST HIGH - 1.3697
FORECAST LOW- 1.3577
ANOTHER VERSION FOR TESTING PURPOSES ONLY ( ARG! ONES OF THESES HAS GOT TO WORK!)
FORECAST HIGH - 1.3700 TO 1.3704
FORECAST LOW- 1.3548 TO 1.3542