fx and technicals

[expiated]

According to my new forecast model, it is now acceptable to enter long positions with respect to CHFJPY and I would expect the exchange rate to continue to climb from the 110.56 level, so I purchased the pair and set a take-profit target of 110.67 to test my theory.

It took several hours, but CHFJPY finally provided the evidence I was looking for in support of my theory:

(By the way, EURJPY has also climbed significantly...as projected.)

 

[expiated]

The Numerical Price Prediction forecast model suggest that the mathematical odds of this exchange rate ultimately rising from 0.7550 greatly outweigh the probably that it will experience a long-term fall, so I have posted this image in real time to help debunk or confirm the theory.

 

[expiated]

The mathematical odds of this exchange rate rising from 0.7550 greatly outweigh the probably that it will experience a long-term fall.

Ultimately, AUDUSD should continue heading higher, but for the time being, it is riding a downward wave, so I locked in the first leg of gains at 0.7560.

 

[expiated]

The mathematical odds of this exchange rate rising from 0.7550 greatly outweigh the probably that it will experience a long-term fall.

The odds have now changed, with the probability that AUDUSD will rise or fall from 0.5557 in the long run now being 50/50.

 

[expiated]

From my perspective, there are no ideal trades right now, but I determined that the two assets offering me the best risk-to-reward ratios at the moment are EURAUD and USDCAD long positions.

 

[expiated]

I determined that the two assets offering me the best risk-to-reward ratios at the moment are EURAUD and USDCAD long positions.

 

[expiated]

USDCAD is going nowhere, so I exited the trade to retire for the night.

 

[pipeguy]

Are you focused only on crosses or make predictions on majors too?

 

[expiated]

Are you focused only on crosses or make predictions on majors too?

I don’t know what this means. I have 15 pairs on my watch list, including AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, and USDJPY.