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AUD/NZD- Channel Down !

Metal_Mind Posted 21 Jan. as Analysis on AUD/NZD, Target: 1.0295, Date: 3rd of March, 12:00 GMT  in #Technical analysis #AUD/NZD #Pattern #Breakout #Retracements #Channel Down #Smoth #Downwards

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines, Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.0586
AUD/NZD is in a channel down pattern for more than 8 months now. This channel down pattern is very viable also smoth and heading downwards gradually without any major disruption in the pattern.MACD on 4h chart indicates a bearish trend development soon which could be followed by some retracements but nothing significant.I don't see a channel breakout any…
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5 Comments
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Metal_Mind 27 Feb.

UPDATE 1: WRONG DIRECTION.

jezz avatar
jezz 1 Mar.

1,02 is a strong support... 5 year, if I'm not wrong...

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Metal_Mind 2 Mar.

Yep Jezz you are right !

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Metal_Mind 2 Mar.

UPDATE 2: Current deviation 400 pips.

jezz avatar
jezz 2 Mar.

Seeya next month :(

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EUR/CAD-Smoth bullish rise!

Metal_Mind Posted 20 Jan. as Analysis on EUR/CAD, Target: 1.5052, Date: 3rd of March, 12:00 GMT  in #Technical analysis #Prediction #Bearish #Bullish #EUR/CAD #Retracement #Smoth #Rise

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD.
Current Level :1.4835
EUR/CAD pair has been bullish from mid August 2012 . I keep my last month bullish perspective for this pair.This month the pair had experienced extraordinary volatility. In 6 of Janury it started a sharp bullish trend that lasted 7 days and amased more than 550 pips. This is quite a run for this pair ,in such short period of time. For sure we will have a very …
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Metal_Mind 27 Feb.

UPDATE 1. Current price level is 1.5252 ehich is exactly 200 pips above the target.

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Metal_Mind 2 Mar.

UPDATE 2. Current price level is 1.5261 which isn't a big evolution from previous update. The deviation still sits at 200 pips above target.

jezz avatar
jezz 2 Mar.

I'm looking at commodity currencies like time bombs now

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EUR/CAD - Similar price action!

Metal_Mind Posted 16 Dec. as Analysis on EUR/CAD, Target: 1.4535, Date: 3rd of February, 12:00 GMT  in #Technical analysis #Bullish #EUR/CAD #Fan #Lines #Retracement #Smoth #Rise
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 1.4593

EUR/CAD has been bullish from mid August 2012 . From my perspective the bullish trend is sure on the right track and headed to see higher grounds.If we look at the black trendline we can see the price action smoth bullish run without any interuptions even on important support and resistance zone.In the past month we can spot some similarities of the price ac…
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agddivisas 16 Dec.

I also think for level 1,4535.

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Metal_Mind 28 Jan.

UPDATE 1: The euro was most stronger this month . We have a 700 pips deviation.

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Metal_Mind 2 Feb.

UPDATE 2: Deviation 500 pips. We have an improvement but this is still alot of deviation from target.

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