- Charts: 1 Day,1 Week
- Elements used: Andrew”s Pitchfork,Fibonacci Retracements,RSI,Stochastic.
- Current Level : 0.8526
Metal_Mind's Blog
CAD/CHF-Sideways incoming !
GBP/CAD - Slow descent!
- Charts: 4Hours, 1 Day.
- Indicators used: Fibonacci Fan Lines,Fiboancci Retracements.
- Prepared with : JForex 4.
- Current Level : 1.8285
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…
GBPCAD
Charts: 4Hours, 1 Day.
Indicators: Fibonacii Fan Lines, Fibonacci Retracements,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :1.6797.
GBPCAD recently reached a major resistance zone at (1.6961) ,fibonacci fan level 50% from which the trend retraced lower. The current level is (1.6797) and the price is heading down. Now it is between fibonacci fan lines levels 50% & 38.20%. and can be observed that on a larger time-frame there is a channel down forming up .MACD indi…