Metal_Mind's Blog

Avatar

NZD/CAD- Strengthens further more !

  • Charts: 4 H,1 Day
  • Elements used: CCI, Support & Resistance
  • Current Level : 0.9515
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
Metal_Mind avatar

UPDATE 1: The pair is trading at 0.9376 which is over 300 pips from target. I was a bit to bullish on the kiwi but still with half a month things can go very well. We shall have to wait and see.If the current reatracents finds a supports and develop a higher low there are high chances to narrow the deviation.

Metal_Mind avatar

UPDATE 2: As said in previous update i was expecting a higher low  which formed 2 days ago on  the 0.9297 level .The new formed support was strong and from there the price action jumped over 100 pips in that day. I may say that the current outlook is definitely very good . We would probably see a 270 to 300 pips ascent  and afterwards a retracement which could be exactly what needed to hit my target.

Metal_Mind avatar

UPDATE 3 : The prediction is  very far from target.

lubZostaw komentarz
Avatar

NZD/CAD -Consolidation!


  • Charts: 4Hours, 1 Day.
  • Elements used: Fiboancci Fan Lines, Fibonacci Retracements,Volume.
  • Prepared with : JForex 4.
  • Current Level : 0.9214
  • NZD/CAD has begin its massive bullish rally in the end of the Q2 of 2013 and amounted more than 1700 pips until 15 March ,Q1 of 2014 ,when the bullish rally runned out of steam, formed a strong resistance around 0.9677 price level and begin its retracement.
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
Metal_Mind avatar

UPDATE 1 :The current price level is 0.9327  which is an over 140 pips deviation from target. The  expeceted condolidation happend as can be seen and  from my point of wiew there is time for this prediction to become valid.

Metal_Mind avatar

UPDATE 2: Deviation increased to 203 pips.

lubZostaw komentarz
Avatar

NZD/CAD-Stuck in Range !



Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.8606.

NZD/CAD after reaching a major resistence zone at (0.8785) price level ,has began moving in a range formation with 2 other failed attempts to break these level.The problem is that supports levels formed as higher lows which could suggest that the momentum is definatly going up and will try to retest and break that resistance zone in the nearby future
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
Metal_Mind avatar

UPDATE 1: This is a very good prediction . The price action moved as discribed. Current price level is 0.8669 which is 115 pips bellow the target. With several days to go there is time for this prediction to come true.

Metal_Mind avatar

UPDATE 1: The current price level is 0.8717 which is 67 pips bellow from target but the price moved in favour of my prediction and now is very close to the target.In the 2 days that remain we could see a very close result.

Metal_Mind avatar

UPDATE 3: Current price level is 0.8730 which is 50 pips below the target level. The price action is bullish and with the days to go it seems like a good prediction.

Metal_Mind avatar

UPDATE 4: We have only several hours to go until the settlement.The current price level is 0.8737 which is 47 pips bellow the target. The prospects are great for this pair .

lubZostaw komentarz
Avatar

NZDCAD- Retrace Lower !

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.8613

NZDCAD
reached a major resistance zone at the same level with the previous one as can be seen very well in the chart below ,at (0.8783) price level.From there the trend pulled back lower . I think it will continue the bearish trend and probably will encounter some supports on the road at (0.8522) & (0.8402) price levels which were previous important resistances.
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
agddivisas avatar

I agree with you!

Metal_Mind avatar

UPDATE 1: The pair current level is 0.8626 and the pair seems to be getting even lower. The premises are very good for this prediction with 120 pips above target ,right direction and 10 days to go , this one could be proven a very good prediction.

Metal_Mind avatar

UPDATE 2 :The current price level is 0.8591 with 83 pips above my predicted level for 2 December. This prediction is excelent and with only 2 days to go this prediction looks very good.

Metal_Mind avatar

UPDATE 3:Friday the paird experienced a bullish wave. Nonetheless the prediction looks good. Far from tart but good. Current price level is 0.8643 over 140 pips above target.

lubZostaw komentarz