Predicting future FX support and resistance levels using mathematics

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 5th August 2019

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 5th August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD looked on as a buy Euro day. High at lowest daily sentiment level 1.2185. Low at daily level 1.2104

EURGBP rallied to high at daily level 0.9222

EURUSD started with support at lowest daily sentiment level 1.1104 / lowest weekly sentiment level 1.1107. Rallied to weekly level 1.1213.

USDCAD moved sideways between its high at daily level 1.3249 and its low at lowest daily sentiment level 1.3190

EURCAD started with support on its weekly S1 sentiment level 1.4666 and rallied to the middle of its long term trend channel at 1.4816

2019-08-05-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 6th August 2019

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 6th August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD low at weekly level 1.2141 high at daily sentiment level 1.2207

EURGBP low at daily sentiment level 0.9153

EURUSD high at middle of long term trend channel 1.1242 low at daily sentiment level 1.1183

USDCAD low at weekly sentiment level 1.3195 high at daily level 1.3275

EURCAD low at daily S1 sentiment level 1.4785 high at daily level 1.4876

2019-08-06-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 7th August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD high at weekly S1 level 1.2191. Low at weekly level 1.2132

EURGBP low at weekly level 0.9190 . high at daily level 0.9250

EURUSD low at lowest daily sentiment level 1.1189. High at middle of long term trend channel 1.1242

USDCAD low at daily S1 sentiment level 1.3274 . high at weekly level 1.3343

EURCAD low at lowest daily sentiment level 1.4861. high at daily level 1.4989

2019-08-07-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 8th August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD high at its lowest daily sentiment level 1.2178. Low at daily level 1.2104

EURGBP high at daily level 0.9265. Low at weekly level 0.9211

EURUSD meandered sideways between its highest daily sentiment level 1.1219 and its lowest daily sentiment level 1.1189

USDCAD high at weekly level 1.3311. Low at daily level 1.3227

EURCAD high at highest daily sentiment level 1.4923. Low at daily level 1.4806

2019-08-08-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 9th August 2019

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 August

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 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD stuck between weekly levels 1.2141 and 1.2132 until 05:00 then fell through all the VRM levels

EURGBP had support on weekly level 0.9211 then broke up through all the VRM levels

EURUSD had support at its daily sentiment level 1.1179 and just about made its high at daily level 1.1226

USDCAD had support at its daily sentiment level 1.3207 and rallied to its daily level 1.3273 on the CA employment change news

EURCAD had support on its daily S1 sentiment level 1.4794 and rose to weekly level 1.4871

SECOND FILE

Shows the 4 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs

GBPUSD unable to break up through its weekly S1 sentiment level at 1.2191 and fell through all its weekly VRM levels

EURGBP had three days of resistance at weekly level 0.9233 before breaking up above all weekly levels

EURUSD rose from its lowest weekly sentiment level 1.1107 and hit its high at the middle of its long term trend channel at 1.1242

USDCAD had support at its lowest weekly sentiment level 1.3195 and rose to weekly level 1.3343 before falling back

EURCAD had support at its weekly S1 sentiment level 1.4666 and rose to weekly level 1.4935

2019-08-09-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png

2019-08-09-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-4hr.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 12th August 2019

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 12th August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD fell to daily level 1.2015 then rallied to daily S1 sentiment level 1.2093

EURGBP fell from weekly level 0.9321 to daily level 0.9253 then rallied

EURUSD fell from weekly S1 sentiment level 1.1211 to daily level 1.1169 then rallied back to weekly S1 sentiment level

USDCAD fell to its lowest daily sentiment level 1.3198 then rallied to find support on its weekly S1 sentiment level 1.3218

EURCAD fell to the middle of its short term trend channel at 1.4769 then rallied to daily level 1.4867

2019-08-12-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 13th August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD trapped in the daily levels 1.2088, 1.2075, 1.2063 and 1.2049.

EURGBP rally stopped by daily level 0.9289

EURUSD rallied from the middle of its short term trend channel at 1.1191 to weekly sentiment level 1.1230 then fell to daily level 1.1176

USDCAD moved between daily levels 1.3280 and 1.3195

EURCAD moved between daily levels 1.4901 and 1.4751

2019-08-13-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 14th August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD support at weekly level 1.2044 rising to its high at its highest daily sentiment level 1.2096

EURGBP resistance at weekly level 0.9267 falling to daily S1 sentiment level 0.9236

EURUSD resistance at daily S1 level 1.1184 and falling below daily level 1.1148

USDCAD support at weekly S1 sentiment level 1.3218 rising to weekly level 1.3319

EURCAD support at lowest weekly sentiment level 1.4765 rising to daily level 1.4877

2019-08-14-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 15th August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD support at daily level 1.2052 rallying to daily level 1.2153

EURGBP resistance at daily level 0.9247 falling to lowest daily sentiment level 0.9152

EURUSD resistance at daily S1 level 1.1151 failing through daily level 1.1115 & weekly level 1.1115

USDCAD moved sideways between its lowest daily sentiment level 1.3297 and its highest daily sentiment level 1.3327

EURCAD resistance at the highest weekly sentiment level 1.4854 falling to daily level 1.4784

2019-08-15-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 16th August 2019

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 August

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 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD had support on the weekly S1 sentiment level 1.2081 and rallied to daily level 1.2173

EURGBP meanwhile followed GBPUSD and fell to weekly sentiment level 0.9099

EURUSD fell from its weekly level 1.1115 and made its low when EURGBP made its low.

USDCAD fell through its weekly level 1.3319 down to the middle of its short term trend channel at 1.3263

EURCAD fell through its daily S1 sentiment level 1.4796 and followed EURGBP and EURUSD

SECOND FILE

Shows the 4 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs

GBPUSD found support on weekly level 1.2044 and finally managed to break through weekly S1 level 1.2081

EURGBP met resistance at weekly level 0.9313 and fell for the rest of the week to weekly sentiment level 0.9099

EURUSD was always bearish on the week because it could not break up through its highest weekly sentiment level 1.1230. Then fell down to about weekly level 1.1066

USDCAD rallied form its weekly S1 sentiment level 1.3218 but unable to break up through weekly level 1.3319 and fell back

EURCAD meandered between its highest weekly sentiment level 1.4854 and its lowest weekly sentiment level 1.4765 before finally falling through 1.4765

THIRD FILE

Shows the VRM EURGBP predictions for today 16th August.

As can be seen, the middle of the short term trend channel (blue curve right chart) has been trying to break through the top of the long term trend channel (green curve right chart) for the last 3 days and failed. I have been expecting a fall in the EURGBP this week.

2019-08-16-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png

2019-08-16-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-4hr.png

eurgbp.PNG
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 19th August 2019

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 19th August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD rallied to its lowest daily sentiment level 1.2171 and weekly S1 sentiment level 1.2172 and then fell to weekly level 1.2112

EURGBP fell to its daily S1 sentiment level 0.9123 then rallied to the middle of its short term trend channel at 0.9164. Then fell

EURUSD looked on. Had support on its lowest weekly sentiment level 1.1089. Rallied to its weekly S1 sentiment level 1.1112 then fell

USDCAD had support on its lowest daily sentiment level 1.3261 then rallied to about its daily level 1.3343

EURCAD had support on its weekly S1 sentiment level 1.4717 then rallied to its daily level 1.4775

2019-08-19-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 20th August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD low for the day at daily level 1.2072 / weekly level 1.2074. Then rallied to the middle of its short term trend channel at 1.2174

EURGBP failed to break back above the top of its long term trend channel at 0.9169. As GBPUSD started its rally EURGBP fell from its high to daily level 0.9099

EURUSD looked on. Moved between its lowest daily sentiment level 1.1076 and its highest daily sentiment level 1.1108

USDCAD looked on. Moving between its lowest daily sentiment level 1.3311 and its highest daily sentiment level 1.3328

EURCAD had support on the middle of its long term trend channel at 1.4749

2019-08-20-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 21st August 2019

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 August

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

Weekly VRM levels in the top 1 hr charts. Daily VRM levels in the bottom 1 hr charts. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD unable to break up through weekly S1 sentiment level 1.2172 and fell. Making a brief daily low at weekly level 1.2112.

EURGBP rose as GBPUSD fell . Unable to break on up through daily level 0.9154

EURUSD unable to break up through daily S1 sentiment level 1.1123 and fell

USDCAD fell through daily S1 sentiment level 1.3315 down to the weekly S1 sentiment level 1.3262

EURCAD fell from its daily S1 level 1.4795 down to its weekly S1 sentiment level 1.4717

2019-08-21-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-1hr-1hr.png
 

gka

Established member
615 3
GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 22nd August 2019

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 August

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

Weekly VRM levels in the top 30 min charts. Daily VRM levels in the bottom 30 min charts. Times are GMT-3 . EMA channel (4,7) included.

GBPUSD support at daily level 1.2107 rallied to weekly level 1.2269.

EURGBP resistance at daily level 0.9156 then fell to weekly sentiment level 0.9039. EURGBP continues its fall.

EURUSD resistance at its highest daily sentiment level 1.1112 / weekly S1 sentiment level 1.1112. Support at daily level 1.1061

USDCAD resistance at its highest weekly sentiment level 1.3308 and support at the middle of its short term trend channel at 1.3287

EURCAD support at its weekly S1 sentiment level 1.4717

2019-08-22-GBPUSD-EURGBP-EURUSD-USDCAD-EURCAD-30min-30min.png
 

Madalyn

Junior member
11 0
Hi Everyone, My name is Graham and I am a mathematician here in Canada.

There are lots of different technical analysis methods to determine future support and resistance levels. They can be subjective and depend upon experience. I have been wondering whether support and resistance levels can be determined mathematically and now have a working algorithm I call the Volatility Response Model (VRM).

The VRM calculates future support and resistance levels either one day ahead or one week ahead, together with short and long term trend channels. These predictions are not extrapolations from the past. I attach a white paper describing the algorithm.

I am looking for FX traders for feedback, discussions and opinions on the VRM predictions. To this end I will post predictions in this thread as markets progress.

Here is the first set of predictions for GBPUSD in chart format starting 5 pm New York time tonight. The second attached paper describes the format of these predictions on the chart. They are essentially 24 weekly levels and 24 daily levels. The latter will last until 5 pm New York time tomorrow night. Tomorrow night after the close in New York I will post the GBPUSD market price action and the VRM levels on the same chart.

Thank you for this