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AUD/JPY - Bearish Correction !

Metal_Mind Posted 28 Nov. as Analysis on AUD/JPY, Target: 92.9500, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Support #AUD/JPY #Fibonacci #Highs #Fan #Lines #Retracement #Lows #Waves


Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 92.95
[color=#000000]AUD/JPY[/color] pair is set in a bullish channel for quite a while. We have several higher highs in place and higher lows. On the chart bellow on previos support we can see that there are some similarities between the 2 larger waves and minor waves. On the previous minor waves we can see that it has retraced from the 50.00% fibonacci retracement line and…
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Metal_Mind 26 Dec.

UPDATE 1: This prediction is extremly accurate. The bearish correction occured as predicted and the target was reached 2 times already once in the bearish wave and now on the bullish retracement. Current price level is 93.06 which is only 11 pips deviation above the 92.95 target level. This one will be very close.

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Metal_Mind 28 Dec.

UPDATE 2: The made a swing high yesterday .Current price level is 93.18 which is 23 pips deviation from the target. Nonetheless the prediction is very close and could be proven really accurate.

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Metal_Mind 30 Dec.

UPDATE 3:There were some moves in the markets today. Current price level is 93.57 which is 60 pips deviation from target.

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Metal_Mind 1 Jan.

UPDATE 4:This was one of my best predictions but these market conditions seem to send the pair far beyond my target. Current price level is 93.90 which is 100 pips deviation from target.

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Metal_Mind 2 Jan.

Final Update : Price at settlement was 93.31 which represents a 36 pips deviation from target.

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AUDNZD -Third Wave !

Metal_Mind Posted 28 Nov. as Analysis on AUD/NZD, Target: 1.1228, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Support #AUD/NZD #Bearish #Highs #Fan #Lines #Range #Lows #Waves


Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 1.1188
AUD/NZD is in a bearish trend for quite a while now.If we look at the chart bellow we can see the pair has recently formed some bearish waves that moves within a ''range look alike pattern'' but the lower highs and lower lows tell us this is a bearish trend that we are talking about.My wiew is that another wave will occur the following month …
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Metal_Mind 26 Dec.

UPDATE 1 : THis prediction is very far from target. Current price level is 1.0891 which over 400 pips bellow target. The bearish move of the third wave was way stronger than anticipated.

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USD/CHF - Descending Channel !

Metal_Mind Posted 24 Nov. as Analysis on USD/CHF, Target: 0.901, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Highs #USD/CHF #Macd #Channel #Retracement #Lows #Overbought #Descending

Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 0.9072

USD/CHF for some months now is in a descending channel pattern which seems to set lower highs & lower lows every month.I expect another bearish trend in month to come followed by retracement.I see a potential support zone around the (0.8800) price level from which the trend could retrace higher along the 50.00% fibonacci fan line.MACD is overbought so th…
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Metal_Mind 26 Dec.

UPDATE 1 : EXCELENT prediction . The price action developed exacty as i draw it on the chart . Now the current price level is 0.8959,which is 50 pips below target and is forming that bullish retracement as seen on the chart. This prediction could be very close.

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Metal_Mind 28 Dec.

UPDATE 2: THe pair made a strong bearish move yesterday. Current price level is 0.8909 which is almost 100 pips deviated from target.

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Metal_Mind 30 Dec.

UPDATE 3:Current price level is 0.8879 which is not less than 120 pips deaviation from target.

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Metal_Mind 1 Jan.

UPDATE 4: Yesterday big moves in the market has made this pairt go up nearly 70 pips and bring it closer to my target. Current price level is 0.8934 which is 64 pips bellow my target. Tommorow is the settlement and the trend is on the right path.

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Metal_Mind 2 Jan.

Final Update : Price as settlement seem to have been 0.8987 which represent 23 pips deviation . Now at 3 hours after settlement the price reached the target.

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GBP/NZD - Channel Down!

Metal_Mind Posted 21 Nov. as Analysis on GBP/NZD, Target: 1.9070, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Trend #Support #Bearish #Down #Highs #GBP/NZD #Channel #Lows
Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.9575
GBP/NZD has a mixed bias right now. If last month the pair was trending and looked like it will break higher (1.96) level and maybe a run towards (2.00 )price level this month the trend is surely bearish. Also the pair is going downward in a wide channel down pattern were it constantly made lower highes & lower lows strenghten this prediction.My…
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Metal_Mind 26 Dec.

UPDATE 1 : Wrong Prediction

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USDCAD- Breaking Fan Lines!!

Metal_Mind Posted 31 Oct. as Analysis on USD/CAD, Target: 1.0299, Date: 2nd of December, 12:00 GMT  in #Technical analysis #USD/CAD #Fibonacci #Highs #Fan #Lines #Lower #Higher #Lows #Waves #Target

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.0458

USDCAD started a big channel up in September last year from support ( 0.9633). The trend has been pretty strong , bouncing up and down from fan lines but always breaking higher. Recent price action as can be seen on the chart shows two similar waves that formed lower highs and higher lows ,breaking fan lines lower , which make me think looking …
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Metal_Mind 21 Nov.

UPDATE 1 : This prediction is wrong . Current trend is bullish and at 300 pips from target.

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GBP/CHF ASCENDING CHANNEL

Metal_Mind Posted 29 Sep. as Analysis on GBP/CHF, Target: 1.4823, Date: 1st of November, 12:00 GMT  in #Technical analysis #GBP #CHF #Trend #Bullish #Highs #GBP/CHF #Channel #Lows #Strength #Ascending
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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3 Comments
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Daytrader21 30 Sep.

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

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Metal_Mind 22 Oct.

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.

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Metal_Mind 1 Nov.

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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