Open trading account 
- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Fan Lines,Fibonacci Retracements,
- Prepared with : JForex 4.
- Current Level : 93.80
Metal_Mind's Blog
CAD/JPY-Dance between fan lines!
USD/CHF - Triangle breakout !
- Charts: 4Hours, 1 Day.
- Indicators: Volume,Fibonacci Fan Lines
- Prepared with : JForex 4.
- Current Level : 0.8878
GBP/JPY-From range to breakout?
- Charts: 4Hours, 1 Day.
- Indicators: Fibonacci Fan Lines,Retracements,CCI,
- Prepared with :JForex 4
- Current Level :171.11
AUD/CHF- Range?
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines,Pattern Analysis Widget,EMA 3,5,13,21,50,100,Time Markers.
Current Level : 0.7849
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 but it seems there is a tendency to go lower or form a range.
On the chart bellow we can see very clearly that the …
EUR/JPY-Triangle Pattern!
Charts: 4Hours, 1 Day.
Elements used: EMA 3,5,13,21,50,100,Time Markers.
Current Level : 141.02
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 used percent lines levels last month to determine where the pair could be heading. I predicted a retracement period.
Today i can conclude that i was right. The retracement period did occured but the losses were recovered very quickly and the pair played in a range …
USD/JPY-From Range to Breakout!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Fibonacci Retracements,EMA 200,100,50.
Current Level :102.08
USD/JPY after two monts ago reached an high at (105) level has begin retracing to (102) price level , which lasted most of January.The dollar hited a 1 month low.The current price level hit fibonacci retracement level 38.20%(102.20) and from the look of it ,last month i belived we would have by now a bullish trend at (104) price level.
That has not happend , the pair moved all…
USD/CAD-Bullish rise!
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.1108
USD/CAD after moving in a range the whole period of December last year ,have started this year with a sharp bullish rise from (1.06 ) price level to (1.1175) which is over a 500 pips move.But as can be seen on chart bellow the pair reached a resistance at the level(1.1224) which wasthe base of a significant retracement that lasted half a month and consolidated the pair prepar
CAD/CHF-Bullish Breakout from Falling Wedge!
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,EMA:3,5,13,21,50,100,200.
Current Level : 0.7984
CAD/CHF is in a bearish channel down for quite some time now. Recently there are some developements in the price action that should be taken notice of. The channel began narrowing transforming itself into a falling wedge, and like any other falling wedge when it ''squeze'' it's price action it produce as result a nice big breakout. Since we had a long term bearish trend the brek…
GBP/AUD- Bolinger Bands confirm's bullish trend!
Charts: 4Hours, 1 Day.
Indicators: Pattern Analysis Widget ,Bolinger Bands,EMA:3,5,13,21,50,100,200.
Current Level : 1.8551
GBP/AUD after encounter a strong bearish retracement that took almost all the month of October ,continued the rise of the bullish trend for more than 2000 pips until 24 January when it formed a new resistance zone at 1.9193 from where it comence a bearish retracement.
As the pattern analysis widget detected , the pair is in a channel up pattern of 83% quality & 100% magni…
EUR/GBP-Falling Wedge !
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Percent Lines,EMA:3,5,13,21,50,100,200, MACD .
Current Level : 0.8249
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 is the same as last month and currently moves within 50.00% & 38.20 fibonacci fan lines levels but the general trend is bearish and will continue …