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EUR/SGD- Channel Up

Metal_Mind Posted 15 Nov. as Analysis on EUR/SGD, Target: 1.6982, Date: 2nd of January, 12:00 GMT  in #Technical analysis #EUR #SGD #Support #Chart #Level #Bullish #Price #Reistance #EUR/SGD

Charts: 4Hours, 1 Day.
Elements used: Support & Resistance Levels ,Time Markers, MACD, EMA 200,100.
Current Level : 1.6808

EUR/SGD since early 2012 started a strong bullish channel which can be seen now very well on the chart below.Despite that sharp break up of the channel the trend formed higher highs and higher lows as can be seen very clearly.I expect a strong euro for this year's end so the price should continue it's bullish trend and settled a bit higher next year. I predict for 2nd Janu…
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Metal_Mind 26 Dec.

UPDATE 1 : The direction is definatly good but the pair didn't done yet the retracement that i expected. Current price level is 1.7379 which is over 400 pips above target.

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SGD/JPY - Retest & Break of Fan Lines

Metal_Mind Posted 15 Nov. as Analysis on SGD/JPY, Target: 78.5800, Date: 2nd of January, 12:00 GMT  in #Technical analysis #JPY #SGD #Break #Fibonacci #Fan #Lines #SGD/JPY #Retracement #Retest #Reaction

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 80.41
SGD/JPY pair is in general a very interesting pair to study & analize.In the chart below we can that recent price development that occured as a retracement from that big bullish trend is constantly testing ,retesting & breaking fibonacci fan lines.I highlighted this zone in purple.We can see the first break of the fan lines 23.…
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Metal_Mind 26 Dec.

UPDATE 1 . Wrong Prediction

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USDSGD- Elliot Waves ?

Metal_Mind Posted 7 Nov. as Analysis on USD/SGD, Target: 1.2310, Date: 2nd of January, 12:00 GMT  in #Technical analysis #SGD #USD #Dollar #Consolidation #USD/SGD #Singapore #Range #Waves #Eliot
Charts: 4Hours, 1 Day.
Elements used: Eliot waves,Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.2419

USDSGD pair if were to study its past price development we can see some similarities .On the chart bellow you can see the previous price development highlighted in red which started from a base support made a major resistance retraced and continue the bearish trend in Elliot Waves ,five wave pattern.Recent price dev…
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Metal_Mind 26 Dec.

UPDATE 1: The prediction is very good. The trend price action developed exactly as exposed on the chart just that the 5 wave was shorter than predicted an made a support at 1.2344. Current price level is 1.27 which is pretty far from target.

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