Predicting future FX support and resistance levels using mathematics

[gka]

Commentary for price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 12 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

==============================================================

MAJOR NEWS TODAY

03:00 UK GDP figures

GBP-USD started the session trapped amongst its VRM weekly and daily L levels. In fact GBP-USD tried to break back inside its short term trend channel at 1.2234 and failed. This left EUR-GBP and EUR-USD to make their moves.

On the UK GDP figures EUR-GBP tried to break up through the top of its short term trend channel at 0.8619 and failed. I have EUR-GBP high for the day as 0.86196. I would say that was a bullseye. EUR-GBP then fell to the middle of its short term trend channel at 0.8522.

EUR-USD followed EUR-GBP and fell to its weekly L level 1.0403.

Interestingly EUR-CAD made its daily high at the middle of its long term trend channel at 1.3697 when EUR-GBP made its daily high. All the FX pairs are connected. This is a good example.

Lots of short trading opportunities for EUR-GBP and EUR-USD between VRM levels.


ATTACHED
1 hour charts
15 minute charts starting at the UK GDP figures


============================================================

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 13 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 13 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

==============================================================

MAJOR NEWS TODAY

Highlight of the day...EUR-USD rebound off its weekly level at 1.0365 calculated 1 week before.

GBP-USD had to rally Friday because otherwise its short term trend channel would escape its long term trend channel completely. I never ever saw that happen.

USD-CAD and EUR-CAD were always bearish below their daily sentiment levels so it was a buy CAD day.

Lots of short term trading opportunities between VRM levels. See 10 minute charts


ATTACHED
1 hour charts
10 minute charts
4 hour charts
============================================================

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 16 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 16 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

==============================================================

MAJOR NEWS TODAY

Highlight of the day...EUR-GBP rebound down off its weekly highest sentiment level at 0.8528 at 05:00. Causing GBPUSD to rally.


ATTACHED
1 hour charts

============================================================

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 17 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 17 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

==============================================================

GBP-USD continued its rally. This move stops its short term trend channel from completely escaping its long term trend channel. Once GBP-USD broke through the middle of its short term trend channel 1.2339 at 03:00 then GBP-USD was a buy and hold for the next 3 hours. After 08:00 GBP-USD was trapped in its daily H levels.

EUR-GBP was always bearish below all its daily sentiment levels. And fell to its weekly level 0.8392

EUR-USD rallied with GBP-USD and broke through the middle of its short term trend channel at 1.0519. And became trapped inside its daily H levels.


ATTACHED
1 hour charts

============================================================

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 18 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 18 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

==============================================================

MAJOR NEWS

03:00 UK CPI (YoY) April

EUR-GBP led the way today. Prior to the UK CPI news EUR-GBP tried and failed to break through the middle of its long term trend channel at 0.8451. It then fell to its weekly L level 0.8435. On the CPI news it rallied into its daily H levels.

Meanwhile GBP-USD had support on its daily S1 sentiment level 1.2468 then rallied as EUR-GBP fell. On the CPI news GBP-USD fell to its daily L levels.

GBP-USD's fall was so rapid that EUR-USD followed down to its daily L levels.

Good example today of how the GBP-USD, EUR-GBP and EUR-USD are connected by their price action about their respective VRM levels.

The 10 minute chart attached shows the price action about the UK CPI news.

ATTACHED
1 hour charts
10 minute charts about 03:00

============================================================

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 19 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 19 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

==============================================================

MAJOR NEWS

GBP-USD stayed trapped within its daily sentiment levels until it broke out topside at 05:00. Then a buy opportunity up to its daily H levels.

The daily S1 level 0.8478 of EUR-GBP featured heavily today. Mostly short term trades possible.

EUR-USD stayed trapped in its daily sentiment levels until it escaped topside 09:00. Then a buy trade up to its daily H levels.

ATTACHED
1 hour charts

============================================================

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 20 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 on the price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 20 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

==============================================================

MAJOR NEWS

GBP-USD stayed trapped within its daily sentiment levels 1.2493 and 1.2442 so had no sentiment on the day leaving EUR-GBP and EUR-USD to do their own thing.

EUR-GBP started off bearish below its daily S1 sentiment level 0.8492 and oscillated between this level and its daily L level 0.8467 before falling into its daily L levels.

EUR-USD started off bearish below its daily S1 sentiment level 1.0587 and oscillated between this level and its daily L level 1.0555 before falling into its daily L levels

Easy short and long trades during the day for USD-CAD and EUR-CAD.

ATTACHED
1 hour charts for day
4 hour charts for week about weekly VRM levels


============================================================

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 23 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 on the price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 23 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

==============================================================

MAJOR NEWS

At post #1083 on 13th May a rebound of GBP-USD was predicted to stop its short term trend channel (blue) from escaping below its long term trend channel (green). This happened on 17th May where the top of its short term trend channel rebounded off the bottom of its long term trend channel. This rebound of the GBP-USD short term trend channel continued today with the GBP-USD breaking up through its highest daily sentiment level at the end of the 19:00 hour. After that it rallied to its daily H levels

EUR-GBP started by falling below its lowest daily S1 sentiment level to its L level before rebounding to its daily H levels.

EUR-USD started the session by following GBP-USD then following EUR-GBP as GBP-USD became trapped in its daily H levels.

ATTACHED
1 hour charts for day

============================================================

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 24 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 on the price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 24 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

==============================================================

MAJOR NEWS

05:30 UK Composite, Manufacturing & Services PMI

Prior to the UK PMI news GBP-USD had failed twice to break up through its highest daily sentiment level 1.2591 and was therefore bearish.

Prior to the UK PMI news EUR-GBP had broken up through its highest daily sentiment level 0.8514 and was therefore bullish.

Both these sentiemnts indicated sell GBP. And that was what happened on the PMI news.

Detailed response to the UK PMI news is shown in the 5 minute charts attached.

ATTACHED
1 hour charts for day
5 minute charts about UK PMI news 05:30

============================================================

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 25 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 on the price action of GBP-USD, EUR-GBP, EUR-USD and USD-CAD about their respective VRM levels on 25 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

==============================================================

MAJOR NEWS

Lots of rebounds off VRM levels today. Don't forget to look at all 3 FX pairs in a triplet. If there is no explanation for a rebound in one FX pair then look to the other two for an explanation. The FX pair without a VRM level will be following another FX pair in the triplet. For instance today GBP-USD had no explanation for its rebound at 08:00. Because it was following EUR-GBP with its rebound off daily L level 0.8542.

GBP-USD started off trapped in between its daily sentiment levels. Finally making a rally as EUR-GBP fell. Highlight of the day...GBP-USD rebounded off its weekly H level 1.2588 calculated last weekend.

EUR-GBP was bearish below all its daily sentiment levels and fell into its daily L levels.

EUR-USD started off bearish below its daily S1 sentiment level 1.0735 and fell with EUR-GBP ending up in its daily L levels.

ATTACHED
1 hour charts for day

============================================================

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 26 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