Metal_Mind's Blog

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AUD/USD-Continues downtrend !

  • Charts: 4 H,1 Day
  • Elements used: CCI , Support & Resistance
  • Current Level : 0.7740
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Metal_Mind 14 Apr.

UPDATE 1: The us dollar lost some in value as expected  reaching a low of 0.7530 from the 0.7740 level at the time i posted the analysis.The prediction is looking good and set into the right direction.

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Metal_Mind 18 Apr.

UPDATE  2: The pair rebounded  fast after its sell off  and now is again trading at 0.77 level.I would personally take into account recent fundamentals and think the RBA will intervene to send the exchange rate lower in order to gain some competitive advance and recoup the loses from the recent  iron ore devaluation. That been said if the rate goes lower there is a high possibility to reach my target.

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EUR/AUD-Aussie fall boosted by RBA !!!

  • Charts: 1 Day,1 Week
  • Elements used: Fibonaci Fan Lines,Fibonacci Retracements,RSI,.
  • Current Level : 1.4469
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First trade in a long time !

Hello fellow traders.
Its been a while since i have not participated in trader contest ,and actually it passed some months since i have not participated in any contests including my favourite one tehnical analysis.I finished collage and was a little busy with all the exams but now i am back.
From what it seem i didn t missed much . Only August become a very interesting month in terms of volatility and this Scotland independence situation has helped spice the volatility a little bit in what was a…
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Polinka avatar
Polinka 16 Sep.

Good luck!

JuliaBF avatar
JuliaBF 16 Sep.

good luck to u!

Daytrader21 avatar

Nice one!!

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Metal_Mind 16 Sep.

thanks guys

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AUD/USD - Bullish Rally!

  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines,Retracements,CCI.
  • Prepared with :JForex 4.
  • Current Level :0.9251.
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Metal_Mind 21 Apr.

UPDATE 1: EXCELENT PREDICTION. THe bullish rally occured as predicted in the chart above. The prediction is great in  quality and resemblence with the current trend . Current price level is 0.9331 and the pair is currently retracing as  i predict it would ,this beeing the last retracement before the last sharp move towards my target. This is one very good prediction and could become very accurate as well.

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Metal_Mind 30 Apr.

UPDATE 2: Deviation 200 pips

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EUR/ AUD pending order payed big time on RBA news

Several days ago when i was analizing several pairs for the tehnical analysis contest i also took a look at the EUR/AUD. I didn't suceed to post on time this analysis but the work done wasn't in vain. I rembered this pair because it has an excelent potential for a bullish run of at least 300-500 pips very soon. My point here is also backed by recent RBA necesity for a weaker aussie to boost the economy rather than a last resort solution like an interest rate cut,which they said is
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I prepared a very nice chart but i got an error message and couldn;t post it. I was allowed only to post without the picture.

jezz avatar
jezz 4 Dec.

This is a very good plan. You've written it like you lost money. Good work

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thanks jezz

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EUR/AUD Aussie Strengthens!

Charts: 4Hours ,1 Day,1Week.
Indicators
: Fibonacci Fan Lines on 4 H, 1Day,1Week Time Frame;Support & Resistance Levels,EMA200.
Current Level : 1.4440.

EUR/AUD has formed a large bullish trend starting April and until 28th August when it reached a major resistance at (1.5058) level beeing also the fibonacci fan line 58.00 , from which began retracing as can be seen from the charts below.I predict that recent interest rate cut by RBA will strengthen even more the Australian Dollar and will
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Daytrader21 avatar

EURAUD is one of my favorite exotics pairs, wish you good luck

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Metal_Mind 20 Oct.

UPDATE 1: My prediction that recent interest rate cut by RBA will strengthen even more the Australian Dollar had proven to be right. The trend direction is correct & accurate and also the current price level is at 1.4155 , that is 58 pips from the target. A very good prediction overall . We will see what happen in the following days.

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UPDATE 2: This is a good prediction. The trend is in the right direction.The current level though is 200 pips above target level.

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AUDCAD CHANNEL UP

Charts: 4Hours ,Daily.
Indicators
: Support & Resistance Levels, Relative Strength Index ,Trading Patterns
Current Level : 0.9678
AUD/CAD has been bearish starting April and until the 1st August ,when it reached a major support zone at (0.9174),from which it started a bullish trend in a channel up formation which can be seen from the first picture as beeing very well consolidated .Regarding the recent interest rate cut by RBA in their attempt to stimulate economy and keep the Aussie low
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Daytrader21 avatar

I don't trade this pair but nice analysis

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Metal_Mind 20 Oct.

UPDATE 1 : My wiew regarding interest rate cut by RBA seems to have proven right. The auusie has strenghten in channel up and did this a little more than i predicted. It has beat my prediction by now with over 13 pips up from target. The current level is 0.9960. In case of a range or pullback the prediction may be very close for 1 Novemeber. Otherwise it's a very good prediction.

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UPDATE 2: EXCELENT PREDICTION. ON 31 October, yesterday , it has reached target.Now current level is 0.9896 at 51 pips below the target. Now the trend is trying to move up so it may recover a little until settelemt. VERY GOOD PREDICTION .

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