Hi-Prop Reversal @ 0.80821 | $XAU $AUD $USD $NUGT $Gold #forex

PREDICTIVE/FORECASTING TARGET:

High-Probility Reversal at:

- TG-Lo = 0.80821 - 22 DEC 2014 = Predictive/Forecasting Model


TECHNICAL SUPPORT:

- Target comes in alignment with a historical R/S level in WEEKLY chart
- Fibonacci-paced retracement at 0.382 provides close-approximation with overhead structure at 0.86591


CHART ACTIVITY CORRELATIONS:

GOLD: XAU, JNUG

Note that in recent chart, a similar bullish reversal expectation has developed. A rallying in this AUD would maintain the historical positive correlation that exists with XAU and other gold-related ETFs - See XAU and JNUG charts in the links.


GEOMETRIC PATTERN:

Note also that the AUDUSD chart (see link) has come to rest at a triple-bottom completion, following two parabolic pathway, one small followed by a larger, a pattern defined as a Bullish Kiss Of Death.


OVERALL:
AUDUSD favors a rallying at this level, based on structural significance (R/S level attainment best seen in a weekly chart), as well as corroborating technical features in positively-correlated charts, where rallying is also pending.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter: 4xForecaster
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