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NZD/USD- Ascending Triangle?


  • Charts: 4Hours, 1 Day.
  • Elements used: Support & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 0.8495
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Metal_Mind avatar

UPDATE 1: Current price level is 0.8677 which represents an over 270 pips  deviation from target. I did expect a strong & fast sell wave by month end but  this prediction now is pretty far.We will  wait and see.

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UPDATE 2: Deviation increased to 354 pips.

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USD/MXN - Ascending Triangle!


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 13.2248

Mexican Peso starting from May has begin building a large support zone at (11.92) price leve from which it weaken against the us dollar which begin to gain more and more strength every day in a sharp bull rise .After this movement the pair begin to move in a range which now seen on the chart below looks like an ascending
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Metal_Mind avatar

UPDATE 1: This prediction is excelent. It seems that i predicted very accuratly the triangle pattern.At the fast rate this pair move the current price level of 13.08 could easly transform and reach the target very easly.

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GBP/CHF ASCENDING CHANNEL

Charts: 1 Day,1Week.
Indicators
: ;Fibonancci Fan Lines 1D, 1W Time Frame ;Support & Resistance Levels,RSI,VOLUMEEXT
Current Level : 1.4626

GBP/CHF recent trend developments shows a potential ascending channel formation backed by recent higher lows (supports) and higher highs (resistances) as can be observed very well on the chart.Also Relative Strength Index is bullish on 1 Day TF showing that there is room for further bullish move.Volume gives us a hint showing that there is selling press
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Daytrader21 avatar

I have stopped trading gbpchf long time ago, didn't liked this pair at all. I hope it will work for you

Metal_Mind avatar

UPDATE 1: GBP/CHF formed a mini range between 1.4460 & 1.4670 and now the current level is 1.4545 at over 300 pips from the target level.

Metal_Mind avatar

UPDATE 2: The current level at this pair is 1.4553 and the pair is in a bearish trend that is slowly descending in waves. Deviation over 300 pips from target.

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