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AUD/NZD

AUD/NZD rose in recent weeks to 1.083 and then felt to 1.06 at the end of July. I expect price to fall further in August till 1.044 levels (last major support line).and stay around those line till end of August (1st of September - 01.0440).
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AUD/CHF

AUD/CHF is in medium term bullish trend. I expect that price will bounce of 38.20% Fibbo retracement and at the start of August, the price will settle slightly below 23.60% Fibo retracement of last long term bullish wave.
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DAY 23 - PRICE ACTION TRADERS

Here are some important points to consider, if you are a Price Action Trader:
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial Stop Loss was too wide.
3) Those who consider themselves price action trader. If you can't find multiple setups per week, even as a part time trader then you really can't call yourself a good p…
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Very good recommendations!!

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DAY 26 - PRICE ACTION AFTER FOMC

Price action remain choppy on majority of pairs as traders awaiting for FOMC Statement and Interest Rate Decision tomorrow.
While analysts expect no change in interest rate and dovish tone from FOMC mainly due to stagnant global growth and its to early to gauge effect of Brexit and how it would effect future growth in UK and other countries in Europe.
In times of risk aversion, US Dollar & Japanese Yen is mostly in demand, as such I would be looking to buy these currencies in near future.
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DAY 12 - Price Action Trading

Over the years my trading have changed from using tons of indicators to absolutely no indicators. At present my analysis includes combination of support & resistance and supply & demand zones and observing price action at key areas.
In my opinion, price action trading is not just trading pinbars or engulfing patterns. Rather, it’s reading the sentiment of market participants, identifying areas of value, and trading along the path of least resistance. Moreover, there is no hard and fast rule and …
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AUD/USD - Fundamentals lead the price !

  • Charts: 4 H,1 Day
  • Elements used: CCI , Support & Resistance
  • Current Level : 0.7787
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NZD/USD - ,,Greenback'' struggles!

  • Charts: 4 H,1 Day
  • Elements used: Fibonacci Fan Lines,Retracements, CCI , Support & Resistance
  • Current Level : 0.7638
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Metal_Mind 14 Apr.

UPDATE 1:The pair reached the targed already retesting it until now for at least 2 times.The current deviation is only 14 pips from target but with half a month to go there are still a lot of price developments to factor in right now.

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Metal_Mind 18 Apr.

UPDATE 2:  Recent US macroeconomic weak data send the dollar in the red territory and helped all other currencies gain as result including the kiwi. From a technical point of view i can say current price development lead me to the idea that my target could not been reached but i hang on and think that we could see see the greenback recoup .

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Metal_Mind 30 Apr.

UPDATE 3 : Current price is 0.7691 which is really a long way from my target. The only way to hit the current target would be  to see tomorrow a fast sell which from a technical point of view can be highly probable.

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FINAL UPDATE : After 2 hours  since settlement the prediction hit the target. Late but still a great prediction . I am very proud of this result.

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NZD/CAD- Strengthens further more !

  • Charts: 4 H,1 Day
  • Elements used: CCI, Support & Resistance
  • Current Level : 0.9515
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Metal_Mind 14 Apr.

UPDATE 1: The pair is trading at 0.9376 which is over 300 pips from target. I was a bit to bullish on the kiwi but still with half a month things can go very well. We shall have to wait and see.If the current reatracents finds a supports and develop a higher low there are high chances to narrow the deviation.

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Metal_Mind 18 Apr.

UPDATE 2: As said in previous update i was expecting a higher low  which formed 2 days ago on  the 0.9297 level .The new formed support was strong and from there the price action jumped over 100 pips in that day. I may say that the current outlook is definitely very good . We would probably see a 270 to 300 pips ascent  and afterwards a retracement which could be exactly what needed to hit my target.

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Metal_Mind 30 Apr.

UPDATE 3 : The prediction is  very far from target.

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EUR / AUD OUTLOOK

One of the first things that most new traders learn is that currency values fluctuate based on a country’s interest rates, or more accurately, interest rate expectations.
While there are many other factors in play, a trader who can determine the path of global central bank interest rates is in a good position to predict the longer-term path of the underlying currencies. As any experienced trader knows, markets are rapidly evolving and rarely stick to a simple, straightforward narrative for long,…
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USD/ CAD Outlook

The USD/CAD closed the week at 1.0740 up a few pips from its opening at 1.07299 after it touched a high of 1.0794 as the CAD eased as gold and oil traded in the red mid-week and the US dollar climbed on strong support from Janet Yellen. Canada’s dollar gained as the nation’s consumer price index increased 2.4 percent from a year earlier, the fastest in more than two years, the government reported July 18. The data came two days after the Bank of Canada said inflation gains are temporary and that…
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