Predicting future FX support and resistance levels using mathematics

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 7th 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 7th 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

On Sunday I posted the weekly VRM predictions for GBPUSD, EURGBP & EURUSD for the week . You will find these levels in the results below.

Weekly VRM levels in the top 1 hour 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 had support on its daily S1 sentiment level 1.3147. Rallied to its highest weekly sentiment level 1.3209. then fell to the middle of its short term trend channel at 1.3101

EURGBP had resistance at its daily S1 sentiment level 0.8507. Fell to its daily level 0.8467 / weekly level 0.8463. And then rallied as GBPUSD fell.

EURUSD resistance at its daily S1 sentiment level 1.1196. And sold off.

USDCAD had support at its daily S1 sentiment level 1.2963. And rallied to the middle of its long term trend channel at 1.3024.

EURCAD looked on trapped between its daily sentiment level 1.4525 and its weekly sentiment level 1.4492

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 8th 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 8th 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

On Sunday I posted the weekly VRM predictions for GBPUSD, EURGBP & EURUSD for the week . You will find these levels in the results below.

Weekly VRM levels in the top 1 hour 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 lowest daily sentiment level 1.3107. Rallied as EURGBP fell. Reached its high as EURGBP reached its low.. Low at the middle of its long term trend channel 1.3088

EURGBP unable to break up through its highest daily sentiment level 0.8510. Then fell to its daily level 0.8464 / weekly level 0.8463

EURUSD unable to break up through its daily S1 sentiment level 1.1159. Then fell through its daily level 1.1126

USDCAD became tranquil between 22:00 and 03:00 watching EURUSD and EURCAD. Then followed EURUSD by buying USD to reach its high at daily level 1.3043

EURCAD became trapped between its lowest daily sentiment level 1.4493 and its daily level 1.4472

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 9th 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 9th 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

On Sunday I posted the weekly VRM predictions for GBPUSD, EURGBP & EURUSD for the week . You will find these levels in the results below.

Weekly VRM levels in the top 1 hour 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 and EURGBP played tag today. EURGBP made its low as GBPUSD made its high at daily sentiment level 1.3118 . Then GBPUSD made its low as EURGBP made its high at its lowest weekly sentiment level 0.8534. That EURGBP level was posted Sunday before the markets opened.

EURGBP and GBPUSD playing tag as described above

EURUSD looked on moving sideways

USDCAD had support on its daily S1 sentiment level 1.3034. And made its high at about its weekly level 1.3110

EURCAD broke through its daily S1 sentiment level 1.4500 and made its high at weekly S1 sentiment level 1.4546.

 

[NVP]

hey gka - are you actually making any calls ? ....i think people following would "get" it more then ?

 

[gka]

hey gka - are you actually making any calls ? ....i think people following would "get" it more then ?

Good point. I am here in Canada GMT-4 and not in the middle of the London. Consider my last comment on your thread to be a call. GBPUSD is finally falling through 1.3060 and 1.3056 sentiment levels. Took a long time.

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 10th January 2020 - US Non Farm Payrolls (NFP)

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 10th 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 supported through the day by its lowest daily sentiment level 1.3056. High at weekly S1 sentiment level 1.3098

EURGBP rallied from its low as GBPUSD fell from its high

EURUSD low at the middle of its long term trend channel at 1.1086. High at its daily sentiment level 1.1128

USDCAD moved sideways

EURCAD low at its daily level 1.4464. High at the middle of its short term trend channel 1.4527

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 6th January were posted last Sunday (post # 801) for GBPUSD, EURGBP and EURUSD. The weekly levels in that post are shown in the GBPUSD, EURGBP & EURUSD charts below.

GBPUSD fell from its weekly high at weekly sentiment level 1.3209. Fell to its weekly low as EURGBP reached its high at weekly sentiment level 0.8534. A good example of why you have to watch all three FX pairs in a triplet to get the big picture.

EURGBP low at about weekly level 0.8463. High at its lowest weekly sentiment level 0.8534

EURUSD high at weekly sentiment level 1.1203. Low at the middle of its long term trend channel 1.1086

USDCAD followed EURUSD from its low to its high at weekly level 1.3110

EURCAD moved sideways

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 13th 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 13th 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

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 opened in NY below all its daily sentiment levels. Fell through daily level 1.3016. Made its low at the bottom of its short term trend channel at 1.2960. I have its low as 1.29607

EURGBP started with support on its highest daily sentiment level 0.8520. Once EURGBP broke up through the middle of its long term trend channel at 0.8534 it was all buy EUR up to daily level 0.8582

EURUSD moved between daily sentiment levels 1.1118 and 1.1144.

USDCAD trapped between its daily sentiment levels 1.3064 and 1.3038

EURCAD fell to its lowest daily sentiment level 1.4498. Then rallied

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 14th 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 14th 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

Weekly VRM levels in the top 1 hour 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 and EURGBP played tag today. EURGBP started with support on its lowest daily sentiment level 0.8567 and rose to its high about daily level 0.8600. I suppose there were lots of orders to sell EURGBP at this level. That meant that GBPUSD fell to its low as EURGBP made its high. As EURGBP then fell, GBPUSD rose to its high at its highest daily sentiment level 1.3032.

EURGBP as described above playing tag with GBPUSD. Made its low as GBPUSD made its high at its highest daily sentiment level 1.3032

EURUSD unable to break through its weekly sentiment level at 1.1143. And fell to its low at daily level 1.1105.

USDCAD trapped between its highest and lowest daily sentiment levels 1.3071 and 1.3045.

EURCAD moved about its weekly S1 sentiment level 1.4531 and followed EURUSD

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 15th 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 15th 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

Weekly VRM levels in the top 1 hour 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 rallied to its daily sentiment level 1.3043 to make the day's high. At the same time EURGBP fell to its daily low.

EURGBP rallied from its low as GBPUSD fell from its high for the day

EURUSD supported on its daily sentiment level 1.1125. Then rallied to its high at daily level 1.1164

USDCAD unable to break up through its highest daily sentiment level 1.3072. And fell to the middle of its short term trend channel at 1.3032

EURCAD supported all day by its weekly S1 sentiment level 1.4531. Followed USDCAD to make its daily high

 

[gka]

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

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 had support on the daily S1 sentiment level 1.3034 and rose to the middle of its short term trend channel at 1.3084

EURGBP fell from its daily S1 sentiment level 0.8553 down to its weekly S1 sentiment level 0.8518

EURUSD tried to rally but fell to its weekly S1 sentiment level 1.1131

USDCAD supported all day by the middle of its short term trend channel at 1.3037

EURCAD ranged between its daily S1 sentiment level 1.4557 and the middle of its short term trend channel 1.4514

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 17th 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 17th 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 (2 day chart but levels only valid for last 24 hours) . Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer.

The key level today for the GBPUSD & EURGBP interaction was the lowest weekly sentiment level for EURGBP at 0.8505

GBPUSD tried to break up through the middle of its long term trend channel at 1.3109 and failed. Then fell to its daily level 1.3022

EURGBP tried to break down through its lowest weekly sentiment level 0.8505 and failed. Then rallied for the rest of the day

EURUSD finally fell through its weekly S1 sentiment level 1.1131 at 05:00 (GMT-4) and then fell to the middle of its long term trend channel at 1.1092

USDCAD had support on its daily S1 sentiment level 1.3039. Then rallied to its highest daily sentiment level at 1.3074

EURCAD was unable to break up through its weekly S1 sentiment level at 1.4531. Then fell to its weekly sentiment level at 1.4485

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 fell to about its weekly level 1.2943. Rallied to the middle of its long term trend channel at 1.3109. And fell back down today.

EURGBP rallied to about its weekly level 0.8603. Then fell to its lowest weekly sentiment level at 0.8505

EURUSD rallied to its highest weekly sentiment level 1.1156. Then fell back to the middle of its long term trend channel at 1.1092

USDCAD moved sideways unable to break up through its weekly S1 sentiment level 1.3069

EURCAD followed EURUSD and USDCAD at the beginning of the week. Then fell with EURUSD at the end of the week to its weekly sentiment level 1.4485

 

[gka]

I attach the VRM chart for GBPUSD for 20th 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.

GBPUSD bounced up from the bottom of its short term trend channel (blue curve) last Tuesday and tried to break through the middle of its long term trend channel (green curve) last Friday, and failed.

GBPUSD short term trend channel (blue lines) is now falling. Long term trend channel is still rising (green lines).

Let's see what happens

 

[gka]

I attach the VRM chart for GBPUSD for 20th 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.

GBPUSD bounced up from the bottom of its short term trend channel (blue curve) last Tuesday and tried to break through the middle of its long term trend channel (green curve) last Friday, and failed.

GBPUSD short term trend channel (blue lines) is now falling. Long term trend channel is still rising (green lines).

Let's see what happens

View attachment 273147

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

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 - Yesterday before the NY market opened I posted the VRM daily and weekly levels for GBPUSD . You will see these levels in the attached chart. GBPUSD was unable to initially break up through it lowest daily sentiment level at 1.3005 and fell to daily level 1.2967. It then rallied back to its daily sentiment level 1.3005 and broke through. 30 basis points of profit each way with a bit of patience.

EURGBP meanwhile rallied to its daily level 0.8552 and then fell back to the middle of its long term trend channel at 0.8524 where it found support. EURGBP currently has support on the middle of its long term trend channel. Not a good sign for GBP.

EURUSD looked on and tried to follow. Rallied to its daily S1 sentiment level; 1.1102 then fell. Made its low when EURGBP found its support

USDCAD meandered and tried to break up through its daily sentiment level 1.3071 and failed. Then fell to its lowest daily sentiment level 1.3046

EURCAD unable to break up through its daily sentiment level 1.4501. And fell to its daily level 1.4458

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 21st 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 21st 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

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 with support on its lowest daily sentiment level 1.2999. Progressed to support on its daily S1 sentiment level 1.3007. Then rallied to its high at daily level 1.3080. At least 50 basis points to be made from this rally.

EURGBP started with resistance at its weekly S1 sentiment level 0.8533. Had some support at the middle of its long term trend channel at 0.8524 then fell through this level at 05:30 (GMT-4). It then fell to its low at daily level 0.8495

EURUSD rallied to its daily sentiment level 1.1119. Then fell for the rest of the day

USDCAD started with support on its daily S1 sentiment level 1.3046. And rallied to its high at weekly sentiment level 1.3078

EURCAD started with support on its lowest weekly sentiment level 1.4476. And was unable to stay above the middle of its short term trend channel at 1.4509

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 22nd January 2020 - BoC Interest Rate Decision day

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 22nd January 2020

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

THREE FILES ATTACHED

FIRST FILE

Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts (Daily VRM levels only valid over last 24 hours). 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 daily S1 sentiment level 1.3044. And rallied to its weekly level 1.3144. Using only the weekly levels I posted last Sunday and hiding your stop loss behind the weekly S1 sentiment level 1.3027...there was about 90 basis points of profit to be made in that long trade.

EURGBP broke down through its daily S1 sentiment level 0.8496 and fell to daily level 0.8424

EURUSD looked on. Fell with EURGBP and then rose with GBPUSD

USDCAD BoC Interest Rate Decision day. Fell to its daily level 1.3035 then rallied to its weekly level 1.3152

EURCAD fell to its daily level 1.4453. Then rallied to daily level 1.4581

SECOND FILE

Weekly VRM levels in the top 3 hour charts. Daily VRM levels in the bottom 3 hour charts (Daily VRM levels only valid over last 24 hours). Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer .

THIRD FILE

My six trades today for GBPUSD (2 of) , EURGBP (1 of) , USDCAD ( 2 of) , EURCAD (1 of)

First 5 trades closed at their take profit levels 60 basis points from starting price. Thought EURCAD was starting to stutter. So just closed it out in profit.

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 23rd January 2020 - ECB 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 23rd 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

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 stayed trapped between daily sentiment levels 1.3146 and 1.3105 for the 24 hours with some support at its daily S1 sentiment level 1.3120

EURGBP made its high at daily sentiment level 0.8458. And made its low as GBPUSD dealt with its daily sentiment level 1.3105

EURUSD made its high at its weekly S1 sentiment level 1.1107. And made its low as GBPUSD dealt with its daily sentiment level 1.3105

USDCAD high at daily level 1.3172. Low at weekly sentiment level 1.3123

EURCAD high at its weekly level 1.4609. Low at the middle of its short term trend channel at 1.4514. With some support on its daily sentiment level 1.4584.

 

[gka]

GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 24th January 2020 - GBP Composite PMI, Manufacturing PMI & Services PMI

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 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 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 rallied to its daily level 1.3180 on the PMI figures. Then fell to the middle of its short term trend channel at 1.3071

EURGBP fell to its daily level 0.8387 on the PMI figures. Then rallied to its highest daily sentiment level at 0.8446

EURUSD was always bearish below its lowest daily sentiment level 1.1056. Fell to its weekly level 1.1027

USDCAD had support on its weekly sentiment level 1.3123. And rose to weekly level 1.3152

EURCAD fell below the middle of its short term trend channel at 1.4512. And made its low about its lowest weekly sentiment level 1.4476

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 - VRM weekly predictions for GBPUSD were posted on this thread last Sunday 19th September before the NY open. These levels can be seen in the attached chart. GBPUSD rose from below its weekly S1 sentiment level and made its high at weekly level 1.3144. Unable to stay above the middle of its long term trend channel at 1.3130 and fell below

EURGBP fell from its weekly S1 sentiment level 0.8533. Made its low briefly at weekly level 0.8395.

EURUSD fell from the middle of long term trend channel at 1.1106. Made its low at weekly level 1.1027

USDCAD low at weekly level 1.3033. High at weekly level 1.3169

EURCAD initially unable to break through its weekly S1 sentiment level 1.4510. Then made its high at weekly level 1.4609 following USDCAD

 

[gka]

Brexit Day - 31st January at 11 pm (GMT)

This week for each day in advance of Brexit I will post the VRM predictions for GBPUSD, EURGBP & EURUSD. These form a triplet by arbitrage according to:

EURGBP X GBPUSD = EURUSD

Today I attach the VRM charts for GBPUSD, EURGBP & EURUSD for 27th 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.

Here are my observations from the charts for each FX pair

GBPUSD lost support on the middle of its long term trend channel 3 weeks ago (see left chart). This week the middle of its long term trend channel is 1.3151. GBPUSD closed last Friday below all this week's weekly sentiment levels. Not bullish. Finally GBPUSD closed last Friday below the middle of its short term trend channel for the next 24 hours at 1.3078. Not bullish. If GBPUSD is unable to find support on the middle of its short term trend channel...then its both trend channels down.

EURGBP has been unable to find support on the middle of its long term trend channel since 16 September 2019 (left chart). This week the middle of its long term trend channel is 0.8513. Not bullish. Last Friday's close is below all its weekly sentiment levels. Not bullish. Further EURGBP does not have support on the middle of its short term trend channel now at 0.8502. Not bullish....looks like both short and long term trend channels still falling.

EURUSD has been supported then unsupported by the middle of its long term trend channel since October 2019 (left chart). On 17th January EURUSD closed below the middle of its long term trend channel. The middle of the EURUSD long term trend channel is 1.1107 for next week (left chart). On 9th Jan 2020 the short term trend channel top (blue line) collided with the top of its long term channel (green line) . See right chart. And since then EURUSD has been short term bearish.

So....EURGBP has been weakening for a long time. GBPUSD has lost its long term trend support recently. So I am expecting EURUSD to trend down further.

I will post the VRM predictions each day by 7 pm (GMT-4) for these three FX pairs the next day.

Let's see what happens

 

[gka]

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

Weekly VRM levels in the top 1 hour. 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 . LEVELS VALID FOR LAST 24 HOURS ONLY

VRM levels for GBPUSD, EURGBP & EURUSD were posted yesterday before the markets opened ahead of Friday's Brexit

GBPUSD initially supported by its lowest daily sentiment level 1.3061. Unable to break up through its highest daily sentiment level 1.3100. Then broke down through daily sentiment level 1.3061

EURGBP low at the middle of its short term trend channel 0.8409. High when GBPUSD found support on its level 1.3061

EURUSD unable to break up through its daily S1 sentiment level 1.1036. Fell down through its lowest daily sentiment level 1.1029

USDCAD started the 24 hours above its highest daily sentiment level 1.3145. And finally broke through its daily level 1.3181

EURCAD Supported on the middle of its short term trend channel at 1.4506. Then rallied to its daily level 1.4553

 

[gka]

This week for each day in advance of Brexit I will post the VRM predictions for GBPUSD, EURGBP & EURUSD. These form a triplet by arbitrage according to:

EURGBP X GBPUSD = EURUSD

Now I attach the VRM charts for GBPUSD, EURGBP & EURUSD for 28th 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.

I will post the VRM predictions each day by 7 pm (GMT-4) for these three FX pairs the next day.

Let's see what happens