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AUD/USD - Further Retracement !

  • Charts: 4 Hours, 1 Day.
  • Elements used: Fibonacci Fan Lines,Fibonacci Retracements,Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.0094
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Metal_Mind 25 June

UPDATE 1 : The current price level is 0.9361  which is a 160 pips deviation.As can bee seen on my analysis i expect a sharp decline at month ends. At the moment the  pair is hanging and could drop in a bearish sell wave at any moment. Taking into consideration the curent setup ,i say this prediction could be a winner. A late one...but a winner.

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Metal_Mind 27 June

UPDATE 2: The deviation increased to over 217 pips,as the pair push upwards.

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GBP/CHF ASCENDING CHANNEL

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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Daytrader21 avatar

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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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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