Open trading account - Charts: 4Hours, 1 Day,1 Week.
- Elements used: Support & Resistances.
- Prepared with : JForex 4.
- Current Level : 1.0844
Community Blog
USD/CAD - Descending !
USD/CHF - Descending Channel !
Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 0.9072
USD/CHF for some months now is in a descending channel pattern which seems to set lower highs & lower lows every month.I expect another bearish trend in month to come followed by retracement.I see a potential support zone around the (0.8800) price level from which the trend could retrace higher along the 50.00% fibonacci fan line.MACD is overbought so th…
EURPLN - Descending Triangle!
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 4.1825
EUR/PLN pair like the majority pairs which have euro as base currency , experienced a bullish run very high and in a relatively short perioad of time folowed by a long period of retracements.As can been seen on the chart below the pair formed an descending triangle pattern in the retracement process. I predict that the retracement will be ''contained'…
USDSEK-Lower Highs& Lower Lows !!!
Charts: 1 Day,1Week.
Elements used: Support & Resistance Levels , MACD, EMA 200,100,50,Time Markers.
Current Level : 6.5873
Swedish krona has been losing ground against the dollar since January 2013 but in June the pair reached an important resistance level around(6.87) price level from where it started a descending channel as can be seen on the chart bellow.The pair made lower highs and lower lows ,facts that confirmed the descending channel and that the krona may continue to …
Elements used: Support & Resistance Levels , MACD, EMA 200,100,50,Time Markers.
Current Level : 6.5873
Swedish krona has been losing ground against the dollar since January 2013 but in June the pair reached an important resistance level around(6.87) price level from where it started a descending channel as can be seen on the chart bellow.The pair made lower highs and lower lows ,facts that confirmed the descending channel and that the krona may continue to …
EURAUD - Descending
Charts: 1 Day,1Week
Indicators: Fibonacii Fan Lines,Fibonacci Retracements, Support & Resistance Level , MACD, EMA 200,100,50,Time Markers.
Current Level : 0.8639
EURAUD has rebounded from a major resistance zone at (1.50) price level, and now is turning into a descending bearish channel as can be observed very well on the yellow background which highlight's 1 Week Fan lines 38.20 % & 50.00.There is a clear bearish trend forming up , and the move seems to target next Fibonacci 61.80% Lev…
CAD/JPY Bearish Trend Development.
Charts: 1 Day,1Week.
Indicators: Fibonacci Retracemets;Fibonancci Fan Lines 1D, 1W TF;Support & Resistance Levels,RSI
Current Level : 95.34
CAD/JPY has finally encounter a Resistance at (101.33) after that strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart there where 4 consistent attempts to break lower 92.00 level ,unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ). I forecast that th…
Indicators: Fibonacci Retracemets;Fibonancci Fan Lines 1D, 1W TF;Support & Resistance Levels,RSI
Current Level : 95.34
CAD/JPY has finally encounter a Resistance at (101.33) after that strong bullish trend of 2800 pips that started almost two years ago. From there as can been seen on the chart there where 4 consistent attempts to break lower 92.00 level ,unsuccesfull though, and that helped formed a small range area between (92.00 )& (97.50 ). I forecast that th…