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AUD/NZD- Channel Up emerging pattern!

  • Charts: 4 Hours, 1 Day.
  • Elements used: Patterns,Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.0732
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Metal_Mind 31 July

UPDATE 1 : REMARKABLE PREDICTION. DEVIATION 7 PIPS. Not only that but i succesfuly predicted  the 300 pips bullish rally very exactly.The price action reached 1.1048 as expected and now is on a slight retracement . Current price action is 1.0953 which represents a 7 pips deviation from target. This is one accurate and  very qualitative prediction.

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UPDATE 2 : Curent price level is 1.0946  that beiing a 0.00% DEVIATION . This is one incredible prediction.Especialy if we consider that this is a volatile pair.

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Emerging Market Crisis

Over the past 2 weeks we have seen how much damage the turmoil in emerging market countries can have on the assets of developed nations. Investors flocked into the safety of the U.S. dollar and Japanese Yen, as the Argentinian Peso (ARS), Turkish Lira (TRY), South African Rand (ZAR), Russian Ruble (RUB) and Hungarian Forint (HUF) dropped to fresh lows. Since the beginning of year the ARS lost over 18% of its value versus the dollar while the other currencies fell more than 5%. In the past 6 mon…
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