Predicting future FX support and resistance levels using mathematics

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 17th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 17th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

TWO FILES ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD fell through its weekly S1 sentiment level at 1.3300. And found support at daily level 1.3117. These levels were in yesterday's post as predictions.

EURGBP - As GBPUSD sold off, EURGBP rose from its daily S1 level 0.8350 and made its high about daily level 0.8486

EURUSD moved sideways between weekly S1 sentiment level 1.1134 and its highest weekly sentiment level 1.1176

USDCAD moved sideways

EURCAD had support on the middle of its short term trend channel at 1.4655. And rallied to its high at daily level 1.4716

SECOND FILE

I attach my two GBPUSD sell trades closing out in profit today. I sold at the weekly levels given in my last post yesterday. And expected the bounce described in yesterday's post. Times are GMT-4.

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 18th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 18th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 1 hour charts (over 2 days). Daily VRM levels in the bottom 1 hour charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD fell from its daily S1 sentiment level 1.3129 down to its daily level 1.3076

EURGBP moved sideways between its highest daily sentiment level 0.8518 and its daily S1 sentiment level 0.8488

EURUSD fell from its daily S1 sentiment level 1.1155 down through its daily level 1.1121

USDCAD fell from its daily sentiment level 1.3175 down to its weekly level 1.3107

EURCAD fell from the middle of its long term trend channel at 1.4677 down to its lowest weekly sentiment level 1.4579

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 19th December 2019 - BoE Interest Rate Decision

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 19th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD was leading EURGBP today. Made its high at daily sentiment level 1.3124 and fell to the middle of its long term trend channel at 1.3009

EURGBP followed GBPUSD and made its low what GBPUSD rose to 1.3124. Rallied to the top of its short term trend channel at 0.8554

EURUSD trapped between its daily sentiment levels 1.1140 and 1.1110

USDCAD had support on its daily S1 sentiment level 1.3115. Failed to break through its highest daily sentiment level 1.3131

EURCAD trapped between weekly S1 sentiment level 1.4619 and its lowest weekly sentiment level 1.4579

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 20th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 20th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

TWO FILES ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer.

GBPUSD started with support on the middle of its long term trend channel at 1.3009. Rallied to daily level 1.3084. Then fell to the bottom of its short term trend channel at 1.2978

EURGBP had some support on its lowest daily sentiment level at 0.8534. Then fell to the middle of its short term trend channel at 0.8472. Then rallied back to 0.8534

EURUSD fell through its lowest daily sentiment level 1.1121. Fell to the middle of its long term trend channel 1.1069. Then a short rally

USDCAD had support on its daily S1 sentiment level 1.3122. Then rallied to its weekly S1 sentiment level 1.3171.

EURCAD unable to break through its daily S1 sentiment level 1.4611 and fell to daily level 1.4561

SECOND FILE

Shows the 3 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs. All charts show the mid-price between the bid and the offer.

GBPUSD started the week unable to break through the top of its long term trend channel at 1.3376. And fell to its lowest weekly level 1.2992

EURGBP started with support on its weekly level 0.8300. And rallied to weekly level 0.8555

EURUSD unable to break up through its weekly sentiment level 1.1176. And fell to the middle of its long term trend channel at 1.1069

USDCAD unable to break up through its weekly S1 sentiment level at 1.3171. And fell to its weekly level 1.3107

EURCAD rallied to its weekly level 1.4719 and then fell to its lowest weekly sentiment level at 1.4579

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 16th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 16th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

TWO FILES ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD followed EURGBP today. GBPUSD made its high when EURGBP made its low at daily level 0.8303.

EURGBP made its low at daily level 0.8303. And made its high at the bottom of its long term trend channel at 0.8366

EURUSD looked on

USDCAD fell through its weekly S1 sentiment level at 1.3171 down to its low at daily level 1.3126

EURCAD fell to its low at weekly S1 sentiment level 1.4619.

SECOND FILE

The second file attached is the VRM chart for GBPUSD for 17th December. See how the bottom of the short term trend channel at 1.3011 has now met the middle of the long term trend channel at 1.3009. Let's see if a bounce will happen again. Just as it did on 4th December

View attachment 271868

View attachment 271867

Last 16th December I posted the VRM chart for GBPUSD above noting that the bottom of the short term trend channel at 1.3011 was meeting the middle of the long term trend channel at 1.3009. The collision happened and the short term trend channel started to fall.

I attach the GBPUSD VRM chart for tomorrow 23rd December showing the collision and bounce on 17th December. I never fail to be amazed at how the VRM can predict such collisions using two separate data sets -- the weekly H/L/C and the daily H/L/C historical data of GBPUSD.

The chart attached shows weekly predictions to the left that are good for the whole week until the Friday close in NY and daily predictions to the right good for 23rd December. Coloured levels are the important VRM levels. Plot them on your chart and watch the price action move between them. I use 15 minute charts with a EMA(4,7) channel.

 

[gka]

The chart attached shows weekly predictions to the left that are good for the whole week until the Friday close in NY and daily predictions to the right good for 23rd December. Coloured levels are the important VRM levels. Plot them on your chart and watch the price action move between them. I use 15 minute charts with a EMA(4,7) channel.

Here is the GBPUSD 15 minute chart today so far using the VRM levels posted yesterday before the market opened. Coloured levels on yesterday's chart are shown on the attached chart.

Will post full results tonight

 

[drookpa]

Nice work. Happy to see serious people.

 

[gka]

Nice work. Happy to see serious people.

Thank you for your feedback !

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 23rd December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 23rd December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD & EURGBP played tag today

GBPUSD rose initially as EURGBP was driven down by its daily S1 sentiment level at 0.8523. GBPUSD made its high at the middle of its long term trend channel at 1.3027 and fell. This caused EURGBP to start rising. GBPUSD fell to daily level 1.2918. While EURGBP rose to the top of its short term trend channel at 0.8591. In between GBPUSD experienced some short term support at its lowest daily sentiment level 1.2974. And EURGBP followed and experienced resistance on its way up.

EURGBP - see the GBPUSD description above

EURUSD went to its low at the middle of its long term trend channel at 1.1069. And made its high at its weekly S1 sentiment level 1.1094

USDCAD had its low at its lowest daily sentiment level 1.3144. And its high at its weekly S1 sentiment level 1.3173

EURCAD had support at its lowest daily sentiment level 1.4562 and followed USDCAD to its daily high

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 24th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 24th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD followed EURGBP today. Started with support on its daily S1 sentiment level 1.2938 but fell. It would have continued falling but EURGBP had resistance at its daily S1 sentiment level 0.8572. So GBPUSD rose. Made its high at its highest daily sentiment level 1.2968

EURGBP tried to break up through its daily S1 sentiment level 0.8572 and failed. Fell to its weekly S1 sentiment level 0.8548

EURUSD fell to the middle of its long term trend channel at 1.1069. Then rose to its weekly S1 sentiment level 1.1094

USDCAD supported at its daily S1 sentiment level 1.3145. Rose to its highest daily sentiment level 1.3169

EURCAD made its low when EURUSD made its low. Unable to break up through its daily S1 sentiment level 1.4593

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 26th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 26th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD high of the day at daily level 1.3014. Low of the day at daily S1 sentiment level 1.2963

EURGBP low of the day at weekly sentiment level 0.8530. High of the day at daily S1 sentiment level 0.8554

EURUSD low of the day at its lowest daily sentiment level 1.1085. High of the day at daily sentiment level 1.1109

USDCAD fell through its lowest weekly sentiment level 1.3159 and fell to daily level 1.3102

EURCAD unable to break up through weekly S1 sentiment level 1.4592. And fell.

 

[drookpa]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 26th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 26th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD high of the day at daily level 1.3014. Low of the day at daily S1 sentiment level 1.2963

EURGBP low of the day at weekly sentiment level 0.8530. High of the day at daily S1 sentiment level 0.8554

EURUSD low of the day at its lowest daily sentiment level 1.1085. High of the day at daily sentiment level 1.1109

USDCAD fell through its lowest weekly sentiment level 1.3159 and fell to daily level 1.3102

EURCAD unable to break up through weekly S1 sentiment level 1.4592. And fell.

View attachment 272143

Nice!..Thank you..

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 27th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 27th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

TWO FILES ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer.

GBPUSD started with support on its lowest daily sentiment level 1.2979. Then rallied to its highest weekly sentiment level 1.3098

EURGBP made its high at its highest daily sentiment level 0.8564. And its low about its daily level 0.8505

EURUSD had its low at its lowest daily sentiment level 1.1096. And its high at daily level 1.1190

USDCAD unable to break up through its daily S1 sentiment level 1.3119. And fell to its daily level 1.3068.

EURCAD followed EURUSD when it made its low. Then rallied to daily level 1.4622

SECOND FILE

Shows the 3 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs. All charts show the mid-price between the bid and the offer.

GBPUSD made its low as EURGBP made its high at the middle of its long term trend channel at 0.8572. Then rallied to its highest weekly sentiment level 1.3098

EURGBP made its high at the middle of its long term trend channel at 0.8572. Then fell to its low as GBPUSD made its high at 1.3098

EURUSD had support on the middle of its long term trend channel at 1.1069. Then rallied to its weekly level 1.1171

USDCAD unable to break up through its weekly S1 sentiment level 1.3173. Then fell to the bottom of its long term trend channel at 1.3070

EURCAD moved sideways

On Sunday I will post the VRM charts for GBPUSD and EURGBP to explain the GBP rally just seen.

 

[gka]

GBP RALLY LAST WEEK

GBP rallied last week as we saw GBPUSD rise and EURGBP stall. EURUSD also had support.

I attach the three VRM charts for GBPUSD, EURGBP and EURUSD for 30th December. Weekly VRM levels shown to the left ending next Friday in NY and daily VRM levels to the right ending 5 pm NY time tomorrow night.

The coloured levels are the important VRM levels. Plot these on a chart together with an EMA(4,7) channel and watch the price action react with them. I use 15 minute and 30 minute candlesticks. Look for large gaps between levels.

Because of arbitrage

EURGBP X GBPUSD = EURUSD

So we have to follow 3 currency pairs with the VRM. Their separate price actions have to agree with their respective VRM levels all the time.

You will see on the attached chart that EURGBP has spent the last 4 trading days trying to break up through the middle of its long term trend channel which is now at 0.8558. If it succeeds in breaking up through then its sell GBP time.

You will see on the attached chart that EURUSD spent 3 days in the last 5 trading days supported by the middle of its long term trend channel now at 1.1070. And further the EURUSD closed last Friday above the middle of its short term trend channel now at 1.1129. So EURUSD is definitely trend channel bullish.

You will see on the attached chart that GBPUSD rallied up through the middle of its long term trend channel now at 1.3054 and the middle of its short term trend channel now at 1.3031. However the middle of its short term trend channel has broken down through the middle of its long term trend channel. GBPUSD rallied last week because EURGBP could not break through the middle of its long term trend channel now at 0.8558

So the middle of the long and short term trend channels listed above are the key levels to watch tomorrow. The weekly levels last until next Friday's close in NY.

Let's see what happens

 

[gka]

GBP RALLY LAST WEEK

GBP rallied last week as we saw GBPUSD rise and EURGBP stall. EURUSD also had support.

I attach the three VRM charts for GBPUSD, EURGBP and EURUSD for 30th December. Weekly VRM levels shown to the left ending next Friday in NY and daily VRM levels to the right ending 5 pm NY time tomorrow night.

The coloured levels are the important VRM levels. Plot these on a chart together with an EMA(4,7) channel and watch the price action react with them. I use 15 minute and 30 minute candlesticks. Look for large gaps between levels.

Because of arbitrage

EURGBP X GBPUSD = EURUSD

So we have to follow 3 currency pairs with the VRM. Their separate price actions have to agree with their respective VRM levels all the time.

You will see on the attached chart that EURGBP has spent the last 4 trading days trying to break up through the middle of its long term trend channel which is now at 0.8558. If it succeeds in breaking up through then its sell GBP time.

You will see on the attached chart that EURUSD spent 3 days in the last 5 trading days supported by the middle of its long term trend channel now at 1.1070. And further the EURUSD closed last Friday above the middle of its short term trend channel now at 1.1129. So EURUSD is definitely trend channel bullish.

You will see on the attached chart that GBPUSD rallied up through the middle of its long term trend channel now at 1.3054 and the middle of its short term trend channel now at 1.3031. However the middle of its short term trend channel has broken down through the middle of its long term trend channel. GBPUSD rallied last week because EURGBP could not break through the middle of its long term trend channel now at 0.8558

So the middle of the long and short term trend channels listed above are the key levels to watch tomorrow. The weekly levels last until next Friday's close in NY.

Let's see what happens

View attachment 272190

View attachment 272191

View attachment 272192

Yesterday before the NY markets opened I posted VRM daily and weekly predictions for GBPUSD, EURGBP & EURUSD above

Here are the results for December 30th.

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 30th December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 30th December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD started with support on its weekly S1 sentiment level 1.3079 and rallied to weekly sentiment level 1.3153

EURGBP rallied to the middle of its long term trend channel at 0.8558 then fell. I have the high of EURGBP for today finished as 0.85588. I find this accuracy to be totally amazing !!!!!!!!!!!!

EURUSD started with support on its weekly S1 sentiment level 1.1177 and rallied to its highest weekly sentiment level at 1.1217 with some resistance at weekly sentiment level 1.1205

USDCAD unable to break up through its daily S1 sentiment level 1.3078

EURCAD supported during the 24 hours by daily S1 sentiment level 1.4622

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 31st December 2019

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 31st December

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD broke up through its highest daily sentiment level 1.3130 and rallied to daily level 1.3274 breaking through the top of its short term trend channel 1.3239 along the way

EURGBP was unable to break up through its weekly S1 sentiment level 0.8544. Then fell to the bottom of its short term trend channel at 0.8458

EURUSD had support on its daily S1 sentiment level 1.1201. Rallied to its highest daily sentiment level 1.1233 before falling back.

USDCAD unable to break up through its daily S1 sentiment level 1.3066. Then fell to weekly level 1.2971. Breaking below the bottom of its short term trend channel 1.2996 along the way

EURCAD broke down below its weekly S1 sentiment level 1.4629. Broke through the middle of its short term trend channel at 1.4592. Before finally stopping at daily level 1.4553

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 2nd January 2020

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 2nd January 2020

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Last Sunday night I attached the three VRM charts for GBPUSD, EURGBP and EURUSD for 30th December. Weekly VRM levels were shown to the left ending next Friday in NY . These weekly levels can be found in the charts below.

Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD was unable to break up through the top of its short term trend channel at 1.3255 and fell to daily level 1.3128

EURGBP followed GBPUSD by rising from the bottom of its short term trend channel 0.8455

EURUSD followed GBPUSD down. Could not break up through its daily sentiment level 1.1223 and fell through its weekly S1 sentiment level 1.1177

USDCAD moved sideways. Supported by its weekly level 1.2971 and unable to break through its highest daily sentiment level 1.3007

EURCAD followed EURUSD. Falling for the whole session.

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 3rd January 2020

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 3rd January 2020

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

TWO FILES ATTACHED

FIRST FILE

Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer.

GBPUSD was unable to break up through its highest daily sentiment level 1.3146 and fell to the middle of its long term trend channel at 1.3054

EURGBP was unable to break down through its daily S1 sentiment level 0.8500 and rose to its weekly S1 sentiment level 0.8544

EURUSD was unable to break up through its weekly S1 sentiment level 1.1177 and followed GBPUSD. Then made its low as GBPUSD made its low. Then rallied to its daily S1 sentiment level at 1.1181

USDCAD moved sideways trapped between its weekly levels 1.2993 and 1.2971

EURCAD fell from its daily S1 sentiment level 1.4522 to its daily level 1.4469

SECOND FILE

Shows the 3 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs. All charts show the mid-price between the bid and the offer.

VRM predictions for the week beginning 30th December were posted last Sunday (post # 796) for GBPUSD, EURGBP and EURUSD. The weekly levels in that post are shown in the GBPUSD, EURGBP & EURUSD charts below.

GBPUSD rose to its weekly high as EURGBP fell. Then fell to the middle of its long term trend channel at 1.3054. I have the low for yesterday as 1.30528 .

EURGBP was unable to break up through the middle of its long term trend channel at 0.8558. And made its low at weekly level 0.8449

EURUSD followed GBPUSD

USDCAD fell through the bottom of its long term trend channel at 1.3062. and finally got trapped between its weekly levels 1.2993 and 1.2971

EURCAD followed EURUSD. Fell through its weekly S1 sentiment level 1.4629 down to its low for the week

 

[gka]

GBPUSD RALLY STALLS

I attach the three VRM charts for GBPUSD, EURGBP and EURUSD for 6th January. Weekly VRM levels shown to the left ending next Friday in NY and daily VRM levels to the right ending 5 pm NY time tomorrow night.

The coloured levels are the important VRM levels. Plot these on a chart together with an EMA(4,7) channel and watch the price action react with them. I use 15 minute , 30 minute and 1 hour candlesticks. Look for large gaps between levels.

Because of arbitrage

EURGBP X GBPUSD = EURUSD

So we have to follow 3 currency pairs with the VRM. Their separate price actions have to agree with their respective VRM levels all the time.

GBPUSD rallied last week to the top of its VRM short term trend channel and then fell. GBPUSD tried to pull the middle of its short term trend channel currently at 1.3071 through the middle of its long term trend channel currently 1.3088 and failed.

If GBPUSD falls through the middle of its short term trend channel at 1.3071 then GBPUSD can fall further to the bottom of its short term trend channel at 1.2873.

Let's see what happens

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 6th January 2020

Volatility Response Model (VRM) described in the first post of this thread.

EURCAD added to complete another triplet. Now there are two triplets.

EURGBP X GBPUSD = EURUSD

EURUSD X USDCAD = EURCAD

The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !

Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 6th January 2020

The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.

ONE FILE ATTACHED

FIRST FILE

Yesterday I posted the VRM predictions for GBPUSD, EURGBP & EURUSD for the week and today. You will find these levels in the results below.

Weekly VRM levels in the top 30 minute charts. Daily VRM levels in the bottom 30 minute charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

GBPUSD started the 24 hours trapped between its long term trend channel middle at 1.3088 and its short term trend channel middle 1.3071. Then broke out top side reaching daily level 1.3172

EURGBP was unable to break up through the middle of its long term trend channel middle at 0.8545. And fell to daily level 0.8495

EURUSD had support on its lowest daily sentiment level 1.1157. Followed GBPUSD and rose to weekly sentiment level 1.1203

USDCAD fell through its lowest daily sentiment level 1.2988 down to daily level 1.2960

EURCAD fell to its daily level 1.4476. Then followed EURUSD up to its weekly sentiment level 1.4539