Monday, November 19, 2018

LIMITED DOLLAR DOWNSIDE FOR A REVERSAL

I haven’t quite caught some of the pairs. However, over today and through the week, we should – at last – see the Dollar finally gets to see a stronger move higher. This should see a quite (as usual) Asian session and followed by a final Dollar low to then – probably towards the European (perhaps early North American session) to revert back to the Dollar upside. 

I can’t see a runaway move because we’re back to having to develop Dollar bullish foundation waves. So today doesn’t look like a “wham bang thank you mam” day but a rather whippy/swing type development. Once we get through those foundation waves we are more likely to see a stronger Dollar. 

USDJPY may have seen the low – having seen an expanded flat – but may have a final dip lower before rallying back higher. There’s hardly much room on the topside in EURUSD and this could be the same with USDCHF – having seen a sharper decline than I had expected. 

GBPUSD has seen a pullback higher. It has a little more room to explore but over the day we should begin to see losses – while over the other side of the planet AUDUSD needs a pullback and a new high before losses. 

It’s only EURJPY that’s a little tricky – but frankly, I tend to feel that it could see a possible triangle before losses resume.

Have a profitable week
Ian Copsey  



FRACTAL FORECASTING – A COMPREHENSIVE GUIDE TO FORECASTING



Friday, November 16, 2018

FURTHER DOLLAR GAINS

It wasn’t quite the way I wanted yesterday. The very best pairs were in GBPUSD and EURJPY. Otherwise, it seems as if we had a little more development to be seen in the rest of the pairs but after the highs in EURUSD and a minor new low in USDCHF (that I had warned could happen) it looks like now that we have all the 4-majors looking towards a consensus in a Dollar bullish development. Even then, due to EURUSD making a new high, this tends to suggest bearish foundation waves – and for GBPUSD to extend losses again today.

After having completely screwed up the bullish move in USDJPY, I had to work hard to establish the bullish move and that should also see USDCHF make further gains. I suspect this will form the foundation waves for some decent Dollar gains. 

AUDUSD is now looking for losses. EURJPY should see losses resume…

Have a great weekend
Ian Copsey  






Thursday, November 15, 2018

YESTERDAY'S FORECAST FOR GBPUSD AND EURUSD



TARGET MET AT 1.3074



TARGET MET AT 1.1348








WE SHOULD SEE SOME DECENT DOLLAR GAINS TODAY

With the Brexit cabinet approval all sorted out - and a rather ragged triple three in GBPUSD – we should now be looking for the Dollar to resume its move higher. USDCHF provided a second zigzag lower, USDJPY saw a deep pullback that needed a minor adjustment – also in EURUSD. As far as I can see, all of the 4 majors should now have a quorum for the Dollar to push higher. 

Even the Aussie has completed a triple three and this will prompt a 5-wave decline at to form a Wave [i] from where a pullback should be seen. This looks very similar to USDJPY… At the same time, GBPUSD may well form the bearish foundation waves. 

In EURJPY I suspect a rather ragged decline with EURUSD likely to see deeper losses while USDJPY creeps higher – or perhaps sees a consolidation. Overall, in the larger picture, it still suggests losses. 

Good trading
Ian Copsey  






Wednesday, November 14, 2018

YESTERDAY'S FORECAST FOR USDJPY



TARGET MET AT 113.58




LOOKS LIKE WE’LL GET BACK TO THE DOLLAR UPSIDE…

Well, that was (not) a fun day. I knew somehow that something wasn’t quite right – and it actually was a strange day. We should allow for a slightly deeper pullback lower in the Dollar initially but overall, through the day, we’re going to revert back to seeing Dollar gains. Indeed, as I am writing this we are approaching some pretty high pullbacks so it won’t take long to reverse back to the Dollar upside. Even AUDUSD has been marking a triple three pullback and is on the verge – maybe has seen the final high perhaps – so the Dollar should hold firm. 

Therefore, we shall still need care, initially to develop the bullish foundation waves but I wouldn’t be surprised to see a reversal back to the most recent Dollar highs.

Good trading
Ian Copsey  






Tuesday, November 13, 2018

MINOR FOLLOW-THROUGH AND PULLBACK – PERHAPS RANGE TRADING

The Dollar provided the push higher for the most part and we should see those highs early in the Asian centre. EURUSD should soon see the (cyan) Wave -a- for a pullback – equally USDCHF also. GBPUSD saw some decent losses – but equally quite a deep pullback in the Wave iv. This tends to suggest the potential for a minor new low to form the (cyan) Wave -a-/-iii- and a pullback in Wave -b-/-iii-. I had expected a stronger rally in USDJPY but instead decided that it wanted to form an expanded flat - although it hasn’t yet completed. 

This tends to suggest that we should be looking to take short-term profits over today and maybe into tomorrow. 

Even EURJPY is approaching a (purple) Wave -a-/-iii- so that basically should see a pullback and once USDJPY has completed the expanded flat it should rally to the targets I had expected yesterday. That should provide a decent pullback in the cross.

As for AUDUSD… well, it failed to reach above 0.7314 but finally decided that it would just go and break below the Wave iv… So we should have seen the high… 

Overall, take care today. It suggests a ragged development…

Good trading
Ian Copsey