Predicting future FX support and resistance levels using mathematics

[gka]

Commentary for price action of GBP-USD, EUR-GBP and EUR-USD about their respective VRM levels on 27 April 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 18:00 in the attached charts. Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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Two results charts attached. First with 1 hour candlesticks for the 24 hours. Second chart shows the interaction of the FX pairs with the VRM levels using 15 minute candlesticks. You can see which FX pair is leading, following or onlooking.

EUR-GBP started the session with support on the top of its short term trend channel at 0.8452. It then fell through in the 03:00 hour. A good sell opportunity then occurred in the 05:00 hour.

EUR-USD tried to break up through the bottom of its short term trend channel at 1.0657. It failed in the 02:00 hour with a spinning top candlestick.

Today was a sell EURO day with GBP-USD reacting when it could. GBP-USD was trapped between its highest and lowest daily sentiments of 1.2604 and 1.2545 before finally falling with EUR-USD.

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See post #1057 on page 53 for a description of the VRM and a PDF describing the VRM charts attached.

G

 

[gka]

Here are the VRM predictions for GBP-USD, EUR-GBP and EUR-USD for tomorrow 29 April 2022

See post #1057 on page 53 for a description of the VRM and a PDF file describing the VRM charts attached.

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP and EUR-USD about their respective VRM levels on 29 April 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 18:00 in the attached charts. Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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EUR-GBP led the way today from the start when it fell below its daily S1 sentiment level 0.8428. From then on it was bearish.

GBP-USD responded by rallying through its daily S1 sentiment level 1.2474 to become bullish and rose to the bottom of its short term trend channel at 1.2610.

GBP-USD's rally was so strong that EUR-USD followed from its lowest daily sentiment level 1.0492.
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See post #1057 on page 53 for a description of the VRM and a PDF describing the VRM charts attached.

G

 

[gka]

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the 24 hours ending in New York 2 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP and EUR-USD about their respective VRM levels on 2 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts. Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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EUR-GBP and GBP-USD leading the way today.

GBP-USD started with support on the bottom of its Short Term Trend Channel at 1.2541. Then fell from its weekly S1 sentiment level 1.2570 as EUR-GBP rallied to the middle of its short term trend channel at 0.8413.

EUR-GBP volatilty took it precisely between VRM levels as seen in the 15 minute chart atatched.

EUR-USD looked on.
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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels for the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 3 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP and EUR-USD about their respective VRM levels on 3 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts. Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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GBP-USD stayed trapped between its highest and lowest daily sentiment levels 1.2538 and 1.2496 until the 09:00 hour. During this period GBP-USD was neither bearish nor bullish. Finally at 09:00 it ralied up through its highest daily sentiment level 1.2538 to its weekly S1 sentiment level at 1.2570.

Meanwhile EUR-GBP became bearish during the 22:00 hour as it fell below its daily S1 sentiment level 0.8407. It fell to its daily L levels before rallying back to the middle of its short term trend channel at 0.8427.

EUR-USD and GBP-USD both rallied during the 08:00 hour from their respective VRM levels 1.0504 and 1.2496.

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 4 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 4 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts. Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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MAJOR NEWS TODAY - US FED INTEREST RATE DECISION AT 15:00 IN CHARTS ATTACHED
15:00 FOMC Statement
15:00 Fed Interest Rate Decision
15:30 FOMC Press Conference

The signal to sell the USD on the Fed Interest Rate Decision today came from USD-CAD. I have already said that USD-CAD provides USD sentiment. Today USD-CAD tried to break up through its daily sentiment level 1.2853 and failed. USD-CAD was therefore indicating sell USD.

At the FOMC Press Conference EUR-USD sold down back to its daily L level at 1.0512 and rapidly rebounded.
GBP-USD followed. GBP-USD's rebound was so rapid that EUR-GBP sold off.

GBP-USD rally finished at its daily H level 1.2640 and EUR-USD followed and stopped its rally.

I hour charts attached
5 minute charts about the Fed Interest Rate Decision attached.

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 5 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 5 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts. Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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MAJOR NEWS TODAY

08:00 BoE Interest Rate Decision

Prior to the BoE Interest Rate Decision:

GBP-USD was bearish below all its daily sentiment levels
EUR-GBP was bullish above all its daily sentiment levels
EUR-USD was bearish below all its daily sentiment levels

BY arbitrage

EUR-GBP X GBP-USD = EUR-USD
BULLISH BEARISH BEARISH

Therefore for EUR-USD to fall then GBP-USD had to fall faster than EUR-GBP rose.

This is what happened. With a bullseye of EUR-GBP reaching its weekly level 0.8546

1 hour charts attached
10 minute charts about the BoE Interest Rate Decision attached.

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 6 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 6 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts.

Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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MAJOR NEWS TODAY

09:30 US Nonfarm Payrolls (Apr)

Prior to the Nonfarm Payrolls (Apr) announcement:

Some good trades of GBP-USD between its weekly L levels (top chart). With EUR-GBP following. See 5 minute charts attached.

EUR-USD was trapped between its highest daily sentiment level 1.0595 and its daily S1 sentiment level 1.0569. See 5 minute charts attached. It was neither bearish or bullish. It was neutral.

So expect EUR-USD to move sideways.

In the end EUR-USD moved between its highest daily sentiment level 1.0595 and its lowest daily sentiment level 1.0547. See the 5 minute chart attached.

1 hour charts attached
5 minute charts about the Nonfarm Payrolls (Apr) announcement attached.

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 9 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 9 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts.

Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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GBP-USD started the 24 hours bearish below its daily S1 sentiment level 1.2364 so a good short trade from there down to the first daily L level at 1.2291.

EUR-GBP followed GBP-USD by selling GBP and rallied from its start to its highest daily sentiment level at 0.8566. It never achieved a bullish state for the day above this level. And in any case it never broke through its weekly S1 sentiment level at 0.8564 so remains bearish on the week.

EUR-USD started the 24 hours below its lowest daily sentiment level at 1.0554 and dropped to the bottom of its long term trend channel at 1.0500. Another good short trade. From there EUR-USD rallied to its weekly S1 sentiment level 1.0593 followed part the way by GBP-USD.

Some good trading opportunities following the 15 minute EMA channel today shown on the attached 15 minute chart.

1 hour charts attached
15 minute charts attached.

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 10 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 10 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 17:00 in the attached charts.

Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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Volatile day for GBP-USD, EUR-GBP and EUR-USD.

EUR-USD was the lead FX pair most of today. This FX pair had many of its open/high/low/close values for its 1 hour candlesticks at VRM levels. The other 2 FX pairs rebounded when EUR-USD rebounded off its VRM levels.

GBP-USD unable to break up through its weekly S1 sentiment level 1.2372. This level would be a good level to sell GBP-USD.

EUR-GBP was unable to break up through the top of its short term trend channel at 0.8576. This level was good for a sell. EUR-GBP then fell to its daily L level 0.8537.

EUR-USD had some support on the middle of its short term trend channel at 1.0557. It tried to break up through its daily S1 sentiment level at 1.0578 and failed. This would have been a good level to sell EUR-USD. EUR-USD then fell into its daily L levels.

Generally today was a sell at the sentiment levels identified above with a stop loss above these sentiment levels.

1 hour charts attached

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 11 May 2022.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 11 May 2022.

Price action shown in attached charts together with VRM predicted levels.

In these charts H and L levels are solid lines, sentiment levels are dashed lines. Top, middle and bottom of trend channels are coloured blue.

Markets opened 18:00 in the attached charts.

Weekly VRM levels in the top charts. Daily VRM levels in the bottom charts

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MAJOR NEWS TODAY

09:30 US Core CPI (MoM) (Apr) Actual =0.6% Expected=0.4% Previous=0.3% Greater than expected.

Looking at today's 1 hour charts the majority of the EUR-GBP open, high, low and close of 1 hour candlesticks were at VRM levels. So EUR-GBP lead for most of the day. GBP-USD had few open, high, low and close at VRM levels and was following.

Just prior to the CPI announcement EUR-USD fell below all its daily sentiment levels (lowest 1.0551) and so the EUR-USD pair was bearish signalling a sell. This can be seen in the 5 minute chart attached.

Following the CPI news EUR-GBP fell to its daily L level 0.8527 and rebounded to the top of its short term trend channel at 0.8593.

Lots of trading possibilities between VRM levels in the 5 minute chart.

ATTACHED
1 hour charts
5 minute charts about CPI announcement 09:30

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For a description of the VRM and a PDF describing the VRM charts attached see this link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G

 

[gka]

See the previous post for commentary on the price action about VRM levels during the previous 24 hours.

Here are the VRM predictions for GBP-USD, EUR-GBP, EUR-USD, USD-CAD and EUR-CAD for the next 24 hours ending in New York 12 May 2022.

NOTE THAT EUR-GBP turned bullish 7 days ago when the middle of its short term trend channel broke up through the middle of its long term trend channel. Both its short term trend channel (blue) and its long term trend channel (green) are now rising. Let's see how long that lasts.

I find that the USDCAD and EURCAD give sentiment signals for the USD and EUR respectively. Judge the USDCAD and EURCAD by their price relative to their sentiment levels. Below all the sentiment levels is a bearish signal. Above all sentiment levels is a bullish signal.

For a description of the VRM and a PDF describing the VRM charts attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...

www.trade2win.com

G