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Filtrato dai tags:  Retracing
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GBP/CAD - Slow descent!

  • Charts: 4Hours, 1 Day.
  • Indicators used: Fibonacci Fan Lines,Fiboancci Retracements.
  • Prepared with : JForex 4.
  • Current Level : 1.8285
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Metal_Mind avatar

UPDATE 1:The current price level is 1.8228  which is a 130 pips deviation from target.This prediction has all it takes to reach the target.

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UPDATE 2: In the  mentime  the  trend continued  its bearish direction and  now the deviation reduce at 100 pips from previous 130 pips. The premises are very good .

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EUR/AUD Aussie Strengthens!

Charts: 4Hours ,1 Day,1Week.
Indicators
: Fibonacci Fan Lines on 4 H, 1Day,1Week Time Frame;Support & Resistance Levels,EMA200.
Current Level : 1.4440.

EUR/AUD has formed a large bullish trend starting April and until 28th August when it reached a major resistance at (1.5058) level beeing also the fibonacci fan line 58.00 , from which began retracing as can be seen from the charts below.I predict that recent interest rate cut by RBA will strengthen even more the Australian Dollar and will
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Daytrader21 avatar

EURAUD is one of my favorite exotics pairs, wish you good luck

Metal_Mind avatar

UPDATE 1: My prediction that recent interest rate cut by RBA will strengthen even more the Australian Dollar had proven to be right. The trend direction is correct & accurate and also the current price level is at 1.4155 , that is 58 pips from the target. A very good prediction overall . We will see what happen in the following days.

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UPDATE 2: This is a good prediction. The trend is in the right direction.The current level though is 200 pips above target level.

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