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USD/CAD- 7 years market cycle !

  • Charts: 4 H,1 Day
  • Elements used: CCI , Support & Resistance
  • Current Level : 1.2070
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UPDATE 1: The retracement  i anticipate occurred but was a bit stronger sending the pair 300 pips up. The current trading level is 1.2197 and comes at the peak of this retracement. From the looks of it this is an excellent point from which a fast sell wave can began.

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GBP/CAD powerfull sell trend after Canadian housing market growth


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khalidamassi avatar

Wonderful

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USD/CHF-Pin bar predicts Rally!

Charts: 4Hours, 1 Day,1 Week.
Indicators: Fibonacci Fan Lines,EMA 3,5,13,21,50,100,200,Time Markers,
Current Level :0.8795

USD/CHF has experienced an accelerated apreciation proccess short after the first decision to taper the bond buying program.Last month because of the news and major speculation in the markets more than usualy the pair experienced some retracement but nothing significant. The market mover event was the'' Non Farm Payrolls'' numbers which were very low ,almost 3 times bellow …
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jezz avatar
jezz 1 Mar.

If it doesn't breach support....

Metal_Mind avatar

everything is posible but i vouche for a bullish rally . The chances are 70-30 from my point of wiew.

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Metal_Mind 27 Mar.

UPDATE 1: The  direction is definatly good. The current trend is bearish and price action at  0.8867 leve  only 180 pips below target.

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Metal_Mind 28 Mar.

UPDATE 2:This prediction made me quite a surprise today when it continued to rally until 0.89 price level narrowing the deviation. The prespects are great and with one day to go this may be the Ace in  my hand .

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Metal_Mind 28 Mar.

UPDATE 2:Taking into consideration the large pin  bar at 0.87 price level and  the support zone that followed i think we could  see a sustained bullish move until the target.

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USD/CHF-Breaking Channel Down!


Charts: 4Hours, 1 Day.
Elements used: ,Fibonacci Retracements;EMA,3,5,13,21;MACD;Time Markers.
Current Level : 0.8944

USD/CHF has experienced an accelerated apreciation proccess short after the first decision to taper the bond buying program.This month because of the news and major speculation in the markets more than usualy the pair experienced some retracement but nothing significant. The market mover event was the'' Non Farm Payrolls'' numbers whi
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Metal_Mind 17 Feb.

UPDATE 1: This prediction was quite excelent. The pair broke the channel down foarmation and had a strong 350 pips bullish rally as i predicted until 0.9159 which is quite incredible since the pair revounded after breaking my target level with 14 pips only. What i didn't expect was this very fast depreciation of the pair. Current level is 0.8915 which is far from target.

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Metal_Mind 26 Feb.

UPDATE 2: The depreciation continued further this week with 79 pips gain today.The deviation is over 200 pips curently.

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UPDATE 3: Current price level is 0.8803 which is a 345 pips deviation from target.

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