ForceFollower

ForceFollower Jul 9, 2013

The blue up fork in control of price action. The current sloped support was a resistance before. The level of 80.000 may be attracting the price to itself somewhat. Take profit at the new sloped resistance, or abort it, if below the last swing high.

ForceFollower Jul 8, 2013

A clear down trend nicely described by the orange fork. A simple idea. Looking to enter at the median line and then exit at its lower parallel.

ForceFollower Jul 1, 2013

Yen pairs tend to move in large strides, making long candles as they go. That's why it's hard to make a graphic forecast of what can actually happen. But the outlook is clearly bullish to me.

ForceFollower Jul 1, 2013

A couple of days ago I was still being bearish. Now I can't help being bullish. Take profit at the median line, the sliding parallel or at the horizontal resistance of the alternate highs. The stop below the minor support or even below the low that hit the lower parallel of the light blue fork.

ForceFollower Jun 26, 2013

The multipivot line at 125 is my current target. It's a coincidence of a major horizontal support, down sloping median line and an up sloping sliding parallel. If I get it right, it should act as a magnet. Then, if it holds, we may see a bounce back up to 128, otherwise - esp. upon a fast 'zoom-through' - we may get down to the lower border of the pink channel and...

ForceFollower Jun 25, 2013

If the euro recovers soon, it may still beat the aussie. However, one has to cautious, because the euro's strength is at best wobbly.

ForceFollower Jun 24, 2013

It won't be an easy ride though, as the U.S. dollar has been very strong recently. But the euro itself has also been doing quite well against commodity currencies. And now we've got a bounce off of a 200 SMA (on a daily chart), support at the horizontal multi-pivot line, bullish divergence on RSI and a median line waiting for the price as a magnet as well resistance.

ForceFollower Jun 23, 2013

The expansionary swings are captured by the channels that are 1.382 wider than the channels that describe the contractory swings... Perhaps the first retracement won't be that deep (might not get down below the median-line support at 1.04) but the upside is still open...

ForceFollower Jun 20, 2013

The up trend is over for me, but no bearish sentiment either; the pair will just stay in a trading range for some time. A nice rally expected now, as the recurring support/resistance forces along the Median Line have come to cushion the abrupt sell-off decline. I admit I lost here - I didn't see it coming, although now I can see RSI divergence was warning of a...

ForceFollower Jun 19, 2013

EUR and GBP have recently been quite equally strong, so expect a choppy sloped range, just as it has been since we've got this big blue fork working. At the moment I'm short, but I may be long as soon as the bottom of the channel is marked. Generally, long positions preferred.

ForceFollower Jun 19, 2013

Looking to go long at the retracement and then take profit at 1.35000. I expect the up trend to weaken as measured by the light blue fork. The stacked downsloping channels indicate the probable extent of this leg of the up trend. The bubbles just try to capture the range of temporary price action, mostly corrective, but recently also trending. The one in the...

ForceFollower Jun 17, 2013

Price has climbed out of the red downsloping fork, but the down trend is still in force. Looking to take profit at the lower border of the purple channel, probably at the junction with the horizonal support level (alternate Dec.'12 lows).

ForceFollower Jun 17, 2013

Expected another leg down to meet the bottom of the red channel and thus make a 3-drive pattern. It would coincide with the horizontal support off of the alternate Feb. lows and with the second Warning Line of the light blue up fork. Intersecting violet channels suggest a corrective behavior which has already partly played out. So, I'm looking to go short at a good price.

ForceFollower Jun 14, 2013

Canadian dollar has been showing its muscles since last Friday, but I think it should get at least this one last kick from the Swiss franc.

ForceFollower Jun 14, 2013

I believe the pound has come out of the recent pressure pretty much unscathed. I expect an increase as an extention to the upper border of the downsloping channel. All the downsloping channels you can see on this chart are of the same size (the same with the upsloping). They are a way of capturing the common sloped range of this pair.

ForceFollower Jun 12, 2013

No reason to stop being bearish on AUD/JPY yet, but in the larger time frame this pair may soon have some hard time falling much lower than it is now. It's facing both horizontal and rising support levels. My bet is the market will get to the red switchback line (and subsequently probably reverse and retrace upward). Keep in mind, it's actually retracing downward...

ForceFollower Jun 12, 2013

Expect the unexpected. We may see the market go testing the 0.9000 level or stop at 0.9100 at best. The old channel should catch the price action again, as it often does.

ForceFollower Jun 12, 2013

This much should be made pretty soon, I believe. USD is clearly weak now (and will be for a couple of hours to come), AUD is not much stronger but strong enough to make a decent retracement. It's also possible that we'll see this "shadowed" high taken out, then maybe a little breach of the downward trendline and then a swing down again, so the higher high from the...