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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
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Metal_Mind 27 Mar.

UPDATE 1 : EXCELENT PREDICTION:The pair  broke the wedge as predicted and  continued the rally up until 0.8401 from were  it started a  reversal. The target  was reached in this reversal , price action going only 5 pips bellow  target. Current price level is 0.8274 which is a 6 pips  (0.06%)  deviation from target. This could be my best prediction this month and from the quality and the look of it  it could actually be my best prediction ever , since i  start attending tehnical anaysis contest.

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Metal_Mind 28 Mar.

UPDATE 2: Today there wasn t much activity on the market  . The pair moved in a range all day long. The Friday closing price was 0.8265  which narrowed the deviation to a remarkable 3 pips (0.03%) . This is one extraordinary prediction .TThis is definatly my best  prediction ever,since i started attending this contest. It looks good but since we have one more day i know that  by the  time  settlement is done  the deviation will be far greater. Nonetheless i am very proud of this acheivment.

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Metal_Mind 31 Mar.

UPDATE 3: We only have several hours to go and this extraordinary prediction is  so close to target. Current price level is 0.8264 which  represents a 4 pips deviation  from target. Taking into consideration all  the journey of this prediction and how close  the price action developed similar to my prediction i really hope the price to hold. It is very close this time.

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FINAL UPDATE: The price at settlement was 0.8290 that representing a 22 pips deviation from target. Takin into consideration that this pair  was for days  only 2 -3 pips from target and also takin into consideration that extraordinary quality & layout of the prediction i can say i am dissapointed  by the result. Great prediction...but the result  just ruined it.

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GBP/NZD-Breaking the Channel down !!

Charts: 4Hours, 1 Day.
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 2.0084

GBP/NZD as can bee seen on the chart bellow is in a channel up pattern formation,but there is very interesting about this particular formation. If we look closely we can see that while forming this channel up the pair made 3 resistances each one higher than the other and 2 (highers low) supports . I analyze this pair for quite some time now and i see here a distinct …
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Metal_Mind 27 Mar.

UPDATE 1: WRONG DIRECTION

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GBP/NZD-Bearish Wave!


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Support & Resistance Levels , MACD.
Current Level :1.9916

GBP/NZD has started this year plummeting over 850 pips in less than half a month.In the 4 days the pair recoverd very quickly over 450 pips after Thursday 360 pips sharp bullish run.This whole period ,December & January has been a very volatile period for this pair , more than it's regular volatility. I expect the pair to recover this losses in the following period but gradua
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Atashi_Tada avatar

good luck :)

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Metal_Mind 20 Jan.

thanks Atashi!!

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Metal_Mind 27 Feb.

UPDATE 1; Curent deviation 200 pips.

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UPDATE 2: Current price level is 1.9953 the deviation narrowed from 200 to 180 pips deviation but this is still very far and with only one day to go the target is far.

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GBP/CHF -Dance higher & lower bypassing range.

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements ,Support & Resistance Levels , MACD .
Current Level : 1.4505

GBP/CHF
has a pretty interesting set-up right now.There were some signs last month that looked like the pair will brake lower forming a bearish trend but all the worries has vanished now. We have a very strong support zone at (1.4040) level from which the price has only moved higher forming higher highs & higher lows.The 1.4816 level is a pretty important le
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Metal_Mind 28 Jan.

UPDATE 1: EXCELETNT PREDICTION. Current price level is 1.4886 which is 70 pips above the target. The target has been reached already and the price action completed the bull run that i predicted. We will see what happens.

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UPDATE 2: This pair has moved in a bit of a range , mainly after breaking the 1.51 price level. Current price level is 1.4882 which is 66 pips deviation above my target. If we take a look at the chart this pair is definatly heading up so this is not good for my target. I just hope for small activity tommorow and a stronger ''swiss franc'' against the ''pound''

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UPDATE 2: This pair has moved in a bit of a range , mainly after breaking the 1.51 price level. Current price level is 1.4882 which is 66 pips deviation above my target. If we take a look at the chart this pair is definatly heading up so this is not good for my target. I just hope for small activity tommorow and a stronger ''swiss franc'' against the ''pound''

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UPDATE 3: With 15 minutes to go the current price level is very close. Current level is 1.4774. The target has been already reached in the large sell trend. The deviation is only 42 pips, and if the pair starts a retracement this prediction could be extremly close to target.No matter the result this prediction is trully a great one.The price action developed similary with my prediction.

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FINAL UPDATE : The settlement price was 1.4769 meaning a 47 pips deviation .0.47%.

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AUD/JPY - Bearish Correction !



Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 92.95
[color=#000000]AUD/JPY
[/color]
pair is set in a bullish channel for quite a while. We have several higher highs in place and higher lows. On the chart bellow on previos support we can see that there are some similarities between the 2 larger waves and minor waves. On the previous minor waves we can see that it has retraced from the 50.00% fibonacci retracement line and
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Metal_Mind 26 Dec.

UPDATE 1: This prediction is extremly accurate. The bearish correction occured as predicted and the target was reached 2 times already once in the bearish wave and now on the bullish retracement. Current price level is 93.06 which is only 11 pips deviation above the 92.95 target level. This one will be very close.

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Metal_Mind 28 Dec.

UPDATE 2: The made a swing high yesterday .Current price level is 93.18 which is 23 pips deviation from the target. Nonetheless the prediction is very close and could be proven really accurate.

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Metal_Mind 30 Dec.

UPDATE 3:There were some moves in the markets today. Current price level is 93.57 which is 60 pips deviation from target.

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UPDATE 4:This was one of my best predictions but these market conditions seem to send the pair far beyond my target. Current price level is 93.90 which is 100 pips deviation from target.

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Final Update : Price at settlement was 93.31 which represents a 36 pips deviation from target.

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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
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Metal_Mind 26 Dec.

UPDATE 1 : THis prediction is very far from target. Current price level is 1.0891 which over 400 pips bellow target. The bearish move of the third wave was way stronger than anticipated.

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USD/CHF - Descending Channel !


Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 0.9072

USD/CHF for some months now is in a descending channel pattern which seems to set lower highs & lower lows every month.I expect another bearish trend in month to come followed by retracement.I see a potential support zone around the (0.8800) price level from which the trend could retrace higher along the 50.00% fibonacci fan line.MACD is overbought so th
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Metal_Mind 26 Dec.

UPDATE 1 : EXCELENT prediction . The price action developed exacty as i draw it on the chart . Now the current price level is 0.8959,which is 50 pips below target and is forming that bullish retracement as seen on the chart. This prediction could be very close.

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Metal_Mind 28 Dec.

UPDATE 2: THe pair made a strong bearish move yesterday. Current price level is 0.8909 which is almost 100 pips deviated from target.

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Metal_Mind 30 Dec.

UPDATE 3:Current price level is 0.8879 which is not less than 120 pips deaviation from target.

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UPDATE 4: Yesterday big moves in the market has made this pairt go up nearly 70 pips and bring it closer to my target. Current price level is 0.8934 which is 64 pips bellow my target. Tommorow is the settlement and the trend is on the right path.

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Final Update : Price as settlement seem to have been 0.8987 which represent 23 pips deviation . Now at 3 hours after settlement the price reached the target.

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GBP/NZD - Channel Down!

Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.9575

GBP/NZD has a mixed bias right now. If last month the pair was trending and looked like it will break higher (1.96) level and maybe a run towards (2.00 )price level this month the trend is surely bearish. Also the pair is going downward in a wide channel down pattern were it constantly made lower highes & lower lows strenghten this prediction.My
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Metal_Mind 26 Dec.

UPDATE 1 : Wrong Prediction

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USDCAD- Breaking Fan Lines!!


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.0458

USDCAD started a big channel up in September last year from support ( 0.9633). The trend has been pretty strong , bouncing up and down from fan lines but always breaking higher. Recent price action as can be seen on the chart shows two similar waves that formed lower highs and higher lows ,breaking fan lines lower , which make me think looking
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Metal_Mind 21 Nov.

UPDATE 1 : This prediction is wrong . Current trend is bullish and at 300 pips from target.

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GBP/CHF ASCENDING CHANNEL

Charts: 1 Day,1Week.
Indicators
: ;Fibonancci Fan Lines 1D, 1W Time Frame ;Support & Resistance Levels,RSI,VOLUMEEXT
Current Level : 1.4626

GBP/CHF recent trend developments shows a potential ascending channel formation backed by recent higher lows (supports) and higher highs (resistances) as can be observed very well on the chart.Also Relative Strength Index is bullish on 1 Day TF showing that there is room for further bullish move.Volume gives us a hint showing that there is selling press
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Daytrader21 avatar

I have stopped trading gbpchf long time ago, didn't liked this pair at all. I hope it will work for you

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Metal_Mind 22 Oct.

UPDATE 1: GBP/CHF formed a mini range between 1.4460 & 1.4670 and now the current level is 1.4545 at over 300 pips from the target level.

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UPDATE 2: The current level at this pair is 1.4553 and the pair is in a bearish trend that is slowly descending in waves. Deviation over 300 pips from target.

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