- 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!
GBP/AUD - Preparing for sell trend!
- Charts: 4Hours, 1 Day.
- Elements used: Supports & Resistances.
- Prepared with : JForex 4.
- Current Level : 1.8233
EUR/JPY-Triangle Pattern!
Charts: 4Hours, 1 Day.
Elements used: EMA 3,5,13,21,50,100,Time Markers.
Current Level : 141.02
EUR/JPY has had a 5100 pips sharp bullish rise month after month until recently when it seem to have encounter a resistance level. I used percent lines levels last month to determine where the pair could be heading. I predicted a retracement period.
Today i can conclude that i was right. The retracement period did occured but the losses were recovered very quickly and the pair played in a range …
USD/CAD-Bullish rise!
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.1108
USD/CAD after moving in a range the whole period of December last year ,have started this year with a sharp bullish rise from (1.06 ) price level to (1.1175) which is over a 500 pips move.But as can be seen on chart bellow the pair reached a resistance at the level(1.1224) which wasthe base of a significant retracement that lasted half a month and consolidated the pair prepar
GBP/CHF-Channel UP!
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines, Fibonacci Retracements,EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.4809
GBP/CHF like most pairs that had the pound as base currency have began appreciating heavly in the past months taking into consideration the UK economy recovery & expansion correlated with increased consumption which boosted the pound.I added this commentary beacause ,to speak only from a tehnical point isn't the true representation of the curren…
EUR/CAD-Smoth bullish rise!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD.
Current Level :1.4835
EUR/CAD pair has been bullish from mid August 2012 . I keep my last month bullish perspective for this pair.This month the pair had experienced extraordinary volatility. In 6 of Janury it started a sharp bullish trend that lasted 7 days and amased more than 550 pips. This is quite a run for this pair ,in such short period of time. For sure we will have a very …
GBP/JPY-Continues Bullish Rise!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 171.21
GBP/JPY have had a very interesting layout in past two months. The strong bullish wave that stopped in on 31st December making room for a waited retracement after over 800 pips bullish momentum without any major retracements.Even though the recent 650 pips retracement looks like is the start of a bearish trend i want to hold ground for a bit .From my point o
EUR/CAD - Similar price action!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 1.4593
EUR/CAD has been bullish from mid August 2012 . From my perspective the bullish trend is sure on the right track and headed to see higher grounds.If we look at the black trendline we can see the price action smoth bullish run without any interuptions even on important support and resistance zone.In the past month we can spot some similarities of the price ac…
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 1.4593
EUR/CAD has been bullish from mid August 2012 . From my perspective the bullish trend is sure on the right track and headed to see higher grounds.If we look at the black trendline we can see the price action smoth bullish run without any interuptions even on important support and resistance zone.In the past month we can spot some similarities of the price ac…
EUR/CAD - Bullish Rise !
Charts: 4 Hours, 1 Week.
Indicators:Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 1.4435
EUR/CAD has been bullish from mid August 2012 . From my perspective the bullish trend is sure on the right track and headed to see higher grounds.If we look at the black trendline we can see the price action smoth bullish run without any interuptions even on important support and resistance zone. My prediction for the 2 of January 2014 is a price level of 1.4665.
XAU/USD GOLD RISES &DOLLAR PLUNGE
Charts: 4Hours ,1 Day,1Week.
Indicators: Fibonacci Fan Lines on 4 H, 1Day,1Week Time Frame(TF);Support & Resistance Levels,EMA200.
Current Level : 1336.62
GOLD reached a major support at fibonacci fan lines 1Week TF 61.80 level of (1182.35),from which started a strong bullish trend with two retrecements until now , when it has found new higher resistance zones at fan lines of 1 Week TF 23.60 level of (1352.91) & at fan lines of 1 Day TF 38.20 level of (1434.86), from which has formed high…