Compare & Contrast with Christopher Lewis

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Seeing as how the 72-, 24- and 14-hour baselines all remain bullish, theoretically, it would make sense for the Euro-Yen to continue climbing from 147.19...

As it turned out, the above maneuver didn't actually materialize until 17 hours later, after price dropped down to around the 146.51 region @ 1:55 PM Moscow Standard Time...

 

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The behavior of USDJPY since April 15, 2023 would seem to support the validity of forecasts based on my weekly charts, seeing as how the pair is presently priced at 136.09.

 

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Thanks be to God, NPP, which I felt was fully developed around the beginning of this year, I now believe I am interpreting almost 100% correctly. Consequently, there is not really any need for me to type the forecasts I was about to type here, since my charts provide me with all the instructions I need without my having to do any more analysis than merely looking at them, rendering any plans I might type here more-or-less redundant...so...no need to bother. It's a step I am now comfortable skipping when I make any of my future trade decisions.

 

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Thus far, each course taken by the three positions I entered earlier today is in the general direction suggested by their corresponding forecast models. But, whether or not that continues to be the case into tomorrow morning remains to be seen.

 

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WORTH NOTING!!!

At 0.6751, AUDUSD is at the top of a bearish four-day price flow envelope, and at 1.3373 USDCAD is at the bottom of a bullish four-day price flow envelope.

 

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WORTH NOTING!!!

The three yen pairs I follow look to be transitioning from overall bearish to overall bullish. In fact, I should buy AUDJPY and GBPJPY the next time there is a pullback in their 60-minute baselines. The same goes for AUDUSD, which has been bullish for five days now. Likewise GBPUSD, which has been bullish for three days. (But remember, AUDUSD is at the top of a bearish four-day price flow envelope, so it could execute a full-fledged reversal of the overall trend at any time.)

USDCHF has also turned north (slightly) and the 60-minute baseline has already pulled back; making it a prime buy candidate as soon as the hourly trend line hooks upward.

 

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From the perspective of my four-hour charts, EURGBP's "instantaneous" trend lines appear to have just reversed upward, a mere 19 pips above the first of three four-day price range "statistical" support levels (at 0.9708). Accordingly, one would have to conclude that the odds are in favor of this pair embarking on what could be a significant journey north.

However, my one-hour charts have cautioned me against buying the pair as of yet. From this perspective, I need to see price rise above the six-hour baseline if trading aggressively, as well as the nine-hour baseline if trading with extra care, and this has not yet taken place.

However, GBPUSD is another matter...

In the case of this pair, it's all systems go.