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AUD/NZD- Channel Down !

Metal_Mind Posted 21 Jan. as Analysis on AUD/NZD, Target: 1.0295, Date: 3rd of March, 12:00 GMT  in #Technical analysis #AUD/NZD #Pattern #Breakout #Retracements #Channel Down #Smoth #Downwards

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines, Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.0586
AUD/NZD is in a channel down pattern for more than 8 months now. This channel down pattern is very viable also smoth and heading downwards gradually without any major disruption in the pattern.MACD on 4h chart indicates a bearish trend development soon which could be followed by some retracements but nothing significant.I don't see a channel breakout any…
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5 Comments
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Metal_Mind 27 Feb.

UPDATE 1: WRONG DIRECTION.

jezz avatar
jezz 1 Mar.

1,02 is a strong support... 5 year, if I'm not wrong...

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Metal_Mind 2 Mar.

Yep Jezz you are right !

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Metal_Mind 2 Mar.

UPDATE 2: Current deviation 400 pips.

jezz avatar
jezz 2 Mar.

Seeya next month :(

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USDZAR- Range or Channel Down?

Metal_Mind Posted 6 Nov. as Analysis on USD/ZAR, Target: 9.7834, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Support #Resistance #Ema #Fan #Lines #Macd #Channel Down #Target #USD/ZAR

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 10.24

USDZAR has recently reached a resistance zone around (10.45 ) price level from which retraced lower forming a lower low support level at (9.55) than the previous support which was at (9.61) price level.Even though looking back the trend may induce the ideea of a range i think the price development in the future is heading towards a cha…
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Metal_Mind 26 Dec.

UPDATE 1 : This preddiction is way to far from current price level.

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