AUDJPY @ Crispy Potato
Updated
11/03/22
FORECAST FOR WEEK 3 MARCH 2022 IS = 50/50 SPLIT No call made
COMBINED FORECAST FOR MARCH 2022 = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week 2 of March opened the bear candle. This candle has signals of some failings in the rally. It has a larger north-facing tail, Tuesday repeated this action. It did not eventuate as the bulls returned for the rest of the week. Note the volume has higher selling than the buying, this too is another sign of selling pressure building if assessed logically. The OBV is also in divergence with the currency, it is jagged and it has a bearish direction. Given the currency is at a key resistance point these signs give rise to a higher probability the resistance may be experienced this week. The probability goes to bears.
WEEK
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BULL
This week was the 6th consecutive Bull candle, with steady volume (3rd prior week slightly higher) The OBV support higher prices as it shows higher highs yet the currencies highs are at the same resistance point. This coming week is positioned well to break the resistance point.
FORECAST FOR WEEK 3 MARCH 2022 IS = 50/50 SPLIT No call made
COMBINED FORECAST FOR MARCH 2022 = BULL (But this is based on the Day and Week being in alignment, as well as the week having 4 strong bull candles)
DAYS
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BEAR
This week 2 of March opened the bear candle. This candle has signals of some failings in the rally. It has a larger north-facing tail, Tuesday repeated this action. It did not eventuate as the bulls returned for the rest of the week. Note the volume has higher selling than the buying, this too is another sign of selling pressure building if assessed logically. The OBV is also in divergence with the currency, it is jagged and it has a bearish direction. Given the currency is at a key resistance point these signs give rise to a higher probability the resistance may be experienced this week. The probability goes to bears.
WEEK
WEEK 2 OF MARCH FORECAST WAS = NO ASSESSMENT MADE
PROBABILITY OF DAYS FOR WEEK 3 MARCH = BULL
This week was the 6th consecutive Bull candle, with steady volume (3rd prior week slightly higher) The OBV support higher prices as it shows higher highs yet the currencies highs are at the same resistance point. This coming week is positioned well to break the resistance point.
Note
The week assessment is accurate, the day assessment is inaccurate.
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