- Charts: 4 Hours, 1 Day.
- Elements used: Patterns,Supports & Resistances.
- Prepared with : JForex 4.
- Current Level : 1.0732
Metal_Mind's Blog
AUD/NZD- Channel Up emerging pattern!
AUD/NZD- Channel Down !
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…
AUDNZD -Third Wave !
Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 1.1188
AUD/NZD is in a bearish trend for quite a while now.If we look at the chart bellow we can see the pair has recently formed some bearish waves that moves within a ''range look alike pattern'' but the lower highs and lower lows tell us this is a bearish trend that we are talking about.My wiew is that another wave will occur the following month …
AUDNZD- Channel Down Correction!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.1471
AUDNZD is in a large channel down pattern for quite a while now.Recently it reached a major support zone at fibonacci level 0.00%(1.1200),from where it had a retracement followed by another attempt to break that support ,that failed, maintaining the price level within the channel.This mild bullish trend is likely to continue until the …
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.1471
AUDNZD is in a large channel down pattern for quite a while now.Recently it reached a major support zone at fibonacci level 0.00%(1.1200),from where it had a retracement followed by another attempt to break that support ,that failed, maintaining the price level within the channel.This mild bullish trend is likely to continue until the …