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EUR/SEK - Double Bottom !

Metal_Mind Posted 16 Nov. as Analysis on EUR/SEK, Target: 8.6652, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Double Bottom #Bulish #Retracement #Momentum #EUR/SEK #Patters


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 8.9463
EUR/SEK pair on a 1 day time-frame shows that we have a double bottom pattern. On chart 2 we can see the main wing of the pattern as beeing more big than the current price developement highlighted in blue.From experience i learned that these patterns are not as perfect as look in the books and double bottom last developeme…
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Metal_Mind 26 Dec.

UPDATE : Wrong Prediction

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EUR/CAD Double Bottom?

Metal_Mind Posted 14 July as Analysis on EUR/CAD, Target: 1.4180, Date: 2nd of September, 12:00 GMT  in #Technical analysis #Analysis #Double Bottom #Pattern #EUR/CAD
EUR/CAD has been on a bearish trend from the past 3 years until it found a first major suport zone at 1.2450 from which started a pullback to (1.4406), which after numeros failed attempts of breaking while forming a 1 year consolidation zone between (1.4406) and fibonaci retrecement level 23.60% (1.3395) ,break lower and formed a lower support at (1.2118).After hitting that support we can observe a new retreacement which break the 1 year consolidation suport of (1.3395) with a minor bearish pull…
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Metal_Mind 15 Aug.

A month after my prediction and the highest level reached was 1.3930 with a pullback right now setting at 1..3724. The trend looks strong and i see upmomentum. I am not sure if the target will be reached but i think 1.40 at least until 1 September.

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Metal_Mind 22 Aug.

Only 8 days left until 1 September and the pair has made a strong bull move of over 357 pips starting 15 august. Today the price is 1.4053 i see futher up momentum after consolidation. The target may even get surrpased until 1 September

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Metal_Mind 22 Aug.

Sorry for mistaken 1 September , i meant 2 September in my previous comments.

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Berkeley 22 Aug.

Good Analysis, Hope to see as a winner on the podium!

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Metal_Mind 1 Sep.

Update: With one day to go before target the curent price is 1.3965 and is at over 215 pips from target. The target was almost reached last week price reaching 1.4140 high been at 40 pips below target. At the current price only a market exceptional event could make the target be reached by tomorow. A realistic target for tomorow will be 1.4025

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