Question on neural network programming - page 7
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Posted on April 27, 2012 - 10:48 am
Wave analysis of GBP/USD currency pair on April 27, 2012
Analysis of the wave patterns:
GBP/USD pair in yesterday's trading failed to form a reversal in favor of the dollar, but after gaining about 50 pips it tested the strength of the 62nd figure. The currency pair managed to get closer to the next target level, 1.6215. Thus, taking into consideration the position of the MACD_aka, we may expect a downside movement after the fulfillment of this target, or even from the last day's highs.
Targets to work-out the variant of wave 5 in 3:
1.6214 and higher - 161.8% Fibonacci
Targets to work-out wave 4:
1.6079 - 23.6% Fibonacci
1.6029 - 38.2% Fibonacci
General conclusions and trading recommendations:
The current trend segment may be considered as a new 5-wave ascending structure and wave 4 in 3 has completed its formation by now. If this assumption is correct, the uptrend section of wave 5 in 3 is now continuing. The intermediate target for this wave would be the Fibonacci level of 1.6214, which equates to 161.8% Fibonacci. The MACD divergence indicates that wave 4 may start to form and the rate may go down to 1.6079 or 1.6029, which corresponds to 23.6% and 38.2% of Fibonacci. On the other hand, wave 4 might also turn out to be a short one, as the MACD_ac is in the negative zone, which indicates a sufficient potential for further growth of the currency pair.
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Posted on April 27, 2012 - 10:48 am.
GBP/USD currency pair wave analysis for April 27, 2012
Wave Pattern Analysis:
During yesterday's trading the pair GBP/USD failed to form a reversal in favor of the dollar, but by adding about 50 pips it tested the strength of the 62nd figure. The currency pair managed to get closer to the next target level, 1.6215. Thus, taking into consideration the position of the MACD_aka, we may expect a start of a downside movement after the fulfillment of this target, or even from the last day's highs.
Targets for the work-out of the variant of the wave 5 in 3:
1.6214 and higher - 161.8% Fibonacci
Targets for working out of wave 4:
1.6079 - 23.6% Fibonacci
1.6029 - 38.2% Fibonacci
General conclusions and trading recommendations:
The current trend section can be attributed to a new 5-wave ascending structure and wave 4 in 3 has now completed its formation. If this assumption is correct, the uptrend section of wave 5 in 3 is now continuing. The intermediate target for this wave would be the Fibonacci level of 1.6214, which equates to 161.8% Fibonacci. The MACD divergence indicates that wave 4 may start to form and the rate may go down to 1.6079 or 1.6029, which corresponds to 23.6% and 38.2% of Fibonacci. On the other hand, wave 4 could be short as well, as the MACD_ac is in the negative zone, indicating enough potential for further upside for the currency pair.
Nothing to talk about.
Watch Neuronka swear.
Neuronka showed 1.6025