- Charts: 4 Hours, 1 Day.
- Elements used: Patterns,Supports & Resistances.
- Prepared with : JForex 4.
- Current Level : 1.0732
Metal_Mind's Blog
AUD/NZD- Channel Up emerging pattern!
AUD/CHF -Channel UP !
- Charts: 4 Hours, 1 Day.
- Elements used: Patterns,Supports & Resistances.
- Prepared with : JForex 4.
- Current Level : 0.8392
AUD/CAD - Retracement within Channel up !
- Charts: 4 Hours, 1 Day,1 Week.
- Elements used: Fibonacci Fan Lines,Fibonacci Retracements,Supports & Resistances.
- Prepared with : JForex 4.
- Current Level : 1.0094
EUR/GBP-Bullish trend supported by falling wedge!
- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Retracements,CCI.
- Prepared with :JForex 4.
- Current Level :0.8265.
- EUR/GBP is in a channel down formation from 2009 followed by regular retracements.Last month the so called channel down has narrowed itself and now tend to look more and more like a falling wedge than a channel down.
GBP/CAD-Channel UP & Double Bottom!
Charts: 1 Day,1 Week.
Indicators: Pattern Analysis Widget , MACD ,EMA:3,5,13,21,50,100,Time Markers.
Current Level : 1.8548
GBP/CAD after encounter a strong bearish retracement that took almost all the month of October & November,continued the rise of the bullish trend for more than 2000 pips until now.As the pattern analysis widget detected , the pair is in a channel up pattern of 54% quality & 45% magnitude which for sure will continue the next month.
I mainly based this 1 month predictio…
GBP/AUD- Bolinger Bands confirm's bullish trend!
Charts: 4Hours, 1 Day.
Indicators: Pattern Analysis Widget ,Bolinger Bands,EMA:3,5,13,21,50,100,200.
Current Level : 1.8551
GBP/AUD after encounter a strong bearish retracement that took almost all the month of October ,continued the rise of the bullish trend for more than 2000 pips until 24 January when it formed a new resistance zone at 1.9193 from where it comence a bearish retracement.
As the pattern analysis widget detected , the pair is in a channel up pattern of 83% quality & 100% magni…
GBP/NZD-Breaking the Channel down !!
Charts: 4Hours, 1 Day.
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 2.0084
GBP/NZD as can bee seen on the chart bellow is in a channel up pattern formation,but there is very interesting about this particular formation. If we look closely we can see that while forming this channel up the pair made 3 resistances each one higher than the other and 2 (highers low) supports . I analyze this pair for quite some time now and i see here a distinct …
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 2.0084
GBP/NZD as can bee seen on the chart bellow is in a channel up pattern formation,but there is very interesting about this particular formation. If we look closely we can see that while forming this channel up the pair made 3 resistances each one higher than the other and 2 (highers low) supports . I analyze this pair for quite some time now and i see here a distinct …
USD/CHF-Breaking Channel Down!
Charts: 4Hours, 1 Day.
Elements used: ,Fibonacci Retracements;EMA,3,5,13,21;MACD;Time Markers.
Current Level : 0.8944
USD/CHF has experienced an accelerated apreciation proccess short after the first decision to taper the bond buying program.This month because of the news and major speculation in the markets more than usualy the pair experienced some retracement but nothing significant. The market mover event was the'' Non Farm Payrolls'' numbers whi…
GBP/AUD-Channel Up!
Charts: 4Hours, 1 Day.
Indicators: Pattern Analysis Widget , MACD ,EMA:3,5,13,21,50,100,Time Markers.
Current Level : 1.8724
GBP/AUD after encounter a strong bearish retracement that took almost all the month of October ,continued the rise of the bullish trend for more than 2000 pips until now.As the pattern analysis widget detected , the pair is in a channel up pattern of 50% quality & 49% magnitude which for sure will continue the next month & a half.At the current price level t…
AUD/CHF-Channel Down Breakout?
Charts: 4Hours, 1 Day.
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.8020
AUD/CHF is in a channel down formation very well identified by the pattern analysis widget.The quality of the setup is 61% and the magnitude level is 81% on a 1 Day chart.From my point of wiew the pair has already reached a major support zone and we should see a bullish breakout out of this channel down formation.
On the second chart we can see very clearly that the pa…
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.8020
AUD/CHF is in a channel down formation very well identified by the pattern analysis widget.The quality of the setup is 61% and the magnitude level is 81% on a 1 Day chart.From my point of wiew the pair has already reached a major support zone and we should see a bullish breakout out of this channel down formation.
On the second chart we can see very clearly that the pa