KFI target analysis

[Mike166]

Quote from Mike166:

As stated, Gold opened with a gap & higher at Asia session and,therefore, the downtrend is not valid.

next target : 1345.71 ;

Gold hit our target, 1345.7 , and heading to reach next one at 1372.92 (based on 4hr chart).

Looking at daily chart, targets are : 1380.00 & 1418.15 (Bold lines).

 

[Mike166]

Quote from Mike166:

Cable hit above-mentioned target at 1.5577 and, after a retrace, heading to next target.


2nd target : 1.5700 ;

Next target : 1.5853 ;

 

[Mike166]

Quote from Mike166:

Eur/Usd did not turn upward and continued its down move.

Next targets are :

1.3218 ;


1.3174 ;

The pair hit 1st target and bounced off it.

Targets for upmove are:

1.3334 ; (Important level)

1.3391 ;

1.3480 ;

 

[Mike166]

I gonna add market turning dates on a trial basis hereafter.

NOTE: These turning point dates should not be used as a stand alone indicator.

Gbp/Usd , 4hr chart, 19.aug :

Next turning date & time : 19.aug ; 21:00 GMT

 

[Mike166]

Quote from Mike166:

Oil ,4 hr chart , 13.Aug :

Oil met all two targets specified earlier.

Next targets are :

107.79 ;

108.69 ; (important level)

Oil, 4hr chart , 19.aug ;

Oil hit target 107.79 and oscillating between 106.72 & 107.79 .

As i stated at previous post, i gonna add turning point dates on trial basis.Here is another one for oil.

Next TD : 20.Aug ; 21:00 GMT ;

 

[Mike166]

Quote from Mike166:

DJI , 4hr chart , 15.aug ;

15223.71 target met.Now it's at 15120.82 target.

Next target: 15055.50 (Important level)

DJI , 20.aug ;

Next target : 14947.76 ;

 

[Mike166]

Quote from Mike166:

S&P 500, 4hr chart , 15.aug ;

Both above targets met.

Next target is : 1649.47 ;

S&P 500 , 20.aug ;

Next target : 1617.63 ;

 

[Mike166]

Cisco , Daily chart , 20.aug ;

It sounds the bad is over for CISCO while it's trading near 1st target at 24.17 .

If broken down, next one is 23.01 .

 

[Mike166]

Quote from Mike166:

DJI , 20.aug ;

Next target : 14947.76 ;

DJI , daily chart, 22.aug ;

Dow hit our 14947.76 target and closed below it.

Next targets :

14876.36 ; (Important level, if broken down then next target is in sight)

14632.00 ;

 

[Mike166]

Quote from Mike166:

The pair hit 1st target and bounced off it.

Targets for upmove are:

1.3334 ; (Important level)

1.3391 ;

1.3480 ;

Eur/Usd, 4 hr chart , 22.aug ;

Euro could reach 2nd target (1.3391) and retraced again to current level (right now 1.3336).

Targets ;

1.3321 ; (Very important level :if broken DN, then other targets)

1.3297 ;

1.3234 ;