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EUR/GBP-Bullish trend supported by falling wedge!

Metal_Mind Posted 29 Mar. as Analysis on EUR/GBP, Target: 0.8375, Date: 1st of May, 12:00 GMT  in #Technical analysis #Trend #Wedge #Bullish #Cci #Down #EUR/GBP #Long #Falling #Channel
  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Retracements,CCI.
  • Prepared with :JForex 4.
  • Current Level :0.8265.
  1. 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.
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Alexana5 avatar
Alexana5 30 Mar.

Oh my,  Thank you for your analysis.

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Metal_Mind 21 Apr.

UPDATE 1: THe prediction looks good but there is a problem with the time scale. The price movement is a bit behind. By now i was expecting the bearish trend to reverse into a bullish sharp trend. Nevertheless the prediction  is in the books.

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Metal_Mind 30 Apr.

UPDATE 2: The deviation is 115 pips and could  be counted as wide counting that the target  settelemt is tomorow.

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Metal_Mind 30 Apr.

UPDATE 3 : Current price level  is 0.8218 which represents an 150 pips and over deviation. It looks like the deviation increased and with only one day to go this prediction could be busted.

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Metal_Mind 1 May

FINAL UPDATE Ș Deviation at settlement was over 175 pips from target,that beeing to far for a win.

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CAD/CHF-Bullish Breakout from Falling Wedge!

Metal_Mind Posted 21 Feb. as Analysis on CAD/CHF, Target: 0.8134, Date: 1st of April, 12:00 GMT  in #Technical analysis #Resistance #Wedge #Breakout #CAD/CHF #Falling #Squeze #Bullish Support

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,EMA:3,5,13,21,50,100,200.
Current Level : 0.7984
CAD/CHF is in a bearish channel down for quite some time now. Recently there are some developements in the price action that should be taken notice of. The channel began narrowing transforming itself into a falling wedge, and like any other falling wedge when it ''squeze'' it's price action it produce as result a nice big breakout. Since we had a long term bearish trend the brek…
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Metal_Mind 27 Mar.

UPDATE 1: EXCELENT PREDICTION. This one is quite remarkable. I succesful predicted the Bullish reversal and breakout from previous bearish trend.Current price level is 0.8039 that beeing only 100 pips bellow the target. Taking into consideration the quality and excelent mirroring of my prediction i could count this prediction as one of the best this month. With several days to go there is time and room for the pair to gain another 100 pips and even more from the look of the price action.

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Metal_Mind 28 Mar.

UPDATE 2: The pair made a minor retracement today  heading lower. The closing price was 0.8018 that increasing the deviation to 116 pips. The pair seem to be heading in a retracement zone. With one more day to  go anything is possible. Wel just have to wait and see.

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Metal_Mind 31 Mar.

UPDATE: Current price level is 0.8001 which increases the deviation to 134 pips. IF  the cad succeds to strenghten tommorow this predictions could be in the cards.

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