High Probability Forecasts on majors / crosses

[pro4Xtrader]

According to my analysis USDJPY eventually should move lower. However at the same time while the new cycle begins it could trigger a correctional move up for about 200-300 pips. Need to watch current support.

 

[pro4Xtrader]

Interesting setup on NZDJPY.
The long term picture looks pretty bearish, while in short term pair facing no resistance, while the support has been rejected. It could be a good long trade for approximately 100 pips potential gain. Soon we’ll find out.

 

[pro4Xtrader]

GBPUSD did break the support that implies that it will move lower eventually. However the cyclic analysis warns on the potential move higher first. So there are two trade setups, buy and sell … will be interesting to follow.

 

[pro4Xtrader]

For now USDJPY should continue moving up towards our target at 120.20. When/if hit I’d start looking for mid/long term sell opportunities as most pairs signaling on potential weak USD and strong JPY in the next weeks/months to come.

 

[pro4Xtrader]

Across the board AUD could be losing value, fast. This would establish trend on most AUD pairs, especially GBPAUD, EURAUD and AUDJPY. But in this particular case here is EURAUD likely scenario… quite large upside potential.

 

[pro4Xtrader]

NZDJPY just hit my downside target and closed above it. In addition a new cycle begins suggesting continuation of the trend up and potential double top before the big fall down.

 

[pro4Xtrader]

Crude Oil established a key support level at 54 Dollars for a Barrel. While at this stage new highs can be expected in the mid/long term, it is very likely that 54 level will be tested once again.

 

[pro4Xtrader]

NZDUSD in my view has confirmed the mid/long term downtrend. But now with the new cycle I think it will correct up slightly before the rally down begins. I’d be looking for selling opportunities around 0.76 area.

 

[pro4Xtrader]

The EURUSD just formed a double top that is confirmed by cyclic analysis. Next cycle should be down, ending on 14th of May and targeting rate of 1.0440.

 

[pro4Xtrader]

There is very similar picture on GBPUSD if compared with EURUSD. Also formed a double top and also with the new cycle. GBPUSD should target 1.4830, with the cycle ending on 5th of May.