60# Mathematical FX Forecast
Daily High/Low Forecasting Mathematical
Submit by Bob 18/09/2014
Mathematical Fx Forecast formula based of the prices of the candles: previous high,
previous low and open new candle.
Financial Market: Forex, Indicies, Commodities.
Time Frame: 5 min, 15 min, 30 min, 60 min, 240, daily, weekly and montly.
[(Previous day high/ previous day low * 100) -100] /100*price opening next candle)] + price opening next candle
[(Previous day low/ previous day high * 100) -100] /100*price opening next candle)] + price opening next candle
There are three scenarios:-
1) Price of the market High or Low will be broken.
2) The price of the market will move around within High and Low;
3) The price of the market will break any one of the levels i.e either High or Low and move forward in its respective direction.
How to use
GBP/USD daily Time Frame
next open= 1,6274
Forecast high= 1,6384
Forecast low = 1,6165
These forecast are two levels of the price extreme
In attach FX Mathematical forecast XLS file (Excel)