Open trading account 
- Charts: 4Hours, 1 Day.
- Elements used: Fibonacci Fan Lines ,Fibonacci Retracements.
- Prepared with : JForex 4.
- Current Level : 0.8756
Metal_Mind's Blog
NZD/USD - Going down!
EUR/GBP-Bullish trend supported by falling wedge!
- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Retracements,CCI.
- Prepared with :JForex 4.
- Current Level :0.8265.
- EUR/GBP is in a channel down formation from 2009 followed by regular retracements.Last month the so called channel down has narrowed itself and now tend to look more and more like a falling wedge than a channel down.
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…
EUR/JPY-Reach Resistance !
Charts: 4Hours, 1 Day.
Elements used: Percent Line,Fibonacci Retracements,Fan Lines,MACD,Time Markers.
Current Level : 139.99
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 usual don't use percent lines, but since this move is so sharp and fan lines nor retracement would have worked on a monthly chart i decided to add them and i was really surprised seeing that th…
AUD/CHF-Channel Down Breakout?
Charts: 4Hours, 1 Day.
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.8020
AUD/CHF is in a channel down formation very well identified by the pattern analysis widget.The quality of the setup is 61% and the magnitude level is 81% on a 1 Day chart.From my point of wiew the pair has already reached a major support zone and we should see a bullish breakout out of this channel down formation.
On the second chart we can see very clearly that the pa…
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.8020
AUD/CHF is in a channel down formation very well identified by the pattern analysis widget.The quality of the setup is 61% and the magnitude level is 81% on a 1 Day chart.From my point of wiew the pair has already reached a major support zone and we should see a bullish breakout out of this channel down formation.
On the second chart we can see very clearly that the pa
CAD/CHF- Channel down continuation!
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.8315
CAD/CHF current price level is 0.8315 and price action is moving within 50.00% & 61.80% retracements level .My wiew for the next month is that the pair might try to retest retracement level 50.00% (0.8519) and afterwards pullback and continue its channel down pattern until fibonacci 61.80%(0.8190) where it could test ,break and retrace back higher .
There are very stron…
Elements used: Fibonacci Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.8315
CAD/CHF current price level is 0.8315 and price action is moving within 50.00% & 61.80% retracements level .My wiew for the next month is that the pair might try to retest retracement level 50.00% (0.8519) and afterwards pullback and continue its channel down pattern until fibonacci 61.80%(0.8190) where it could test ,break and retrace back higher .
There are very stron…
CAD/CHF- Channel Down !
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 0.8371
CAD/CHF if analyzed closely can reveal that we have 2 channel down formations. One that started up in August last year and one more recent that is the one that we are interested in ,which started in May this year (the one between the red fan lines).Current level is 0.8371 and price action is moving within 50.00% & 61.80% retracements level …
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 0.8371
CAD/CHF if analyzed closely can reveal that we have 2 channel down formations. One that started up in August last year and one more recent that is the one that we are interested in ,which started in May this year (the one between the red fan lines).Current level is 0.8371 and price action is moving within 50.00% & 61.80% retracements level …
EUR/GBP- Bearish Continuation
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 0.8443
EUR/GBP -is in a channel down formation from 2009 followed by regular retracements.The pair encounter a major resistance at Fibonacci fan lines 1 W (0.8819) level from where it continued the bearish channel. The price action currently moves within 50.00% & 38.20 fibonacci fan lines levels but the general trend is bearish and will continue this way. I keep my…
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 0.8443
EUR/GBP -is in a channel down formation from 2009 followed by regular retracements.The pair encounter a major resistance at Fibonacci fan lines 1 W (0.8819) level from where it continued the bearish channel. The price action currently moves within 50.00% & 38.20 fibonacci fan lines levels but the general trend is bearish and will continue this way. I keep my…
GBP/NZD - Channel Down!
Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.9575
GBP/NZD has a mixed bias right now. If last month the pair was trending and looked like it will break higher (1.96) level and maybe a run towards (2.00 )price level this month the trend is surely bearish. Also the pair is going downward in a wide channel down pattern were it constantly made lower highes & lower lows strenghten this prediction.My…
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.9575
GBP/NZD has a mixed bias right now. If last month the pair was trending and looked like it will break higher (1.96) level and maybe a run towards (2.00 )price level this month the trend is surely bearish. Also the pair is going downward in a wide channel down pattern were it constantly made lower highes & lower lows strenghten this prediction.My…
USD/DKK-Channel Down
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 5.5703
Danish Krone in July this year found a resistance level at fibonacci retracement 0.00% (6.1792) price level which is also the area of fibonacci fan line 38.20% level. From there the krone started to strengthen beaking fibonacci retracement level one after another founding support at fibonacci 61.80% retracement level.As can be seen in …