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GBPUSD MAY GO TILL 1.4000

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
GBPUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone and rising.
  • The RSI is rising.
  • The Stochastics is also rising.
  • The pair has closed the week above 50 periods SMA.
Keeping these facts in mind the pair may see an up move in coming weeks.
GBPUSD Daily Chart
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killer195175_reborn avatar

Update-5
The pair went down as expected after a bearish engulfing candle on the daily chart and has taken support at 1.3765 levels. Now seeing on the 4H chart it seems like a pullback is over. But the levels at 1.4076 are immediate resistance in the way upwards. If the pair is unable to clear this 1.4076 level next week then the pair will settle the month near 1.4000 levels. let us see what happens.

killer195175_reborn avatar

Update-6
The pair went down again on 4H chart. On 4H chart, it is hovering around the 50 SMA. the direction does not look clear. The FOMC minutes of the meeting are due in 90 minutes from now. The pair may get direction after the event.The pair seems to be under pressure today.

killer195175_reborn avatar

Update-7
The pair closed the week on 23rd February at 1.39656. The pair seems to be respecting the resistance at 1.3995 levels. The MACD is in negative territory on 4H chart. RSI is also headed South. Stochastics is also headed lower. This indicates that a test of the rising line is on the chart next week. If the rising trendline holds the support then We may see 1.3995 levels again.

killer195175_reborn avatar

Update-8
The pair traded above 1.4000 levels today but then came below 1.4000 showing that there is a good resistance above this level. At the time of writing this comment, it is trading at 1.3954 levels. MPC Member Cunliffe Speaks tonight at 11:30 PM Indian Standard Time. Let us see if it help the Cable to gain some strength.

killer195175_reborn avatar

Update-9
The pair was trading very near to sweet spot at 1.4000 earlier in the day until the data from the United States was released. CB consumer confidence data was better than expected. So the GBPUSD dived down to 1.3857 levels. Currently, the pair is trading at 1.3929 levels. The upside from here seems limited. The bounce from 1.3857 suggests that the mair may test 1.3995 levels once again. If this thing happens on 1 March 18 then it will be good for my prediction as the predicted price for March 1 at 1200 GMT is 1.4000.

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AUS.IDX/AUD WILL RISE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
AUS.IDX/AUD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is heading North.
  • The Stochastics is headed North too.
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GBPUSD MAY STRUGGLE AT 1.3450

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
GBPUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is rising.
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LIGHT.CMD/USD | FURTHER RISE ON THE CHARTS

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
LIGHT.CMD/USD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed north.
From the weekly chart, it looks like there is more potential to the upside.
LIGHT.CMD/USD Daily Chart
  • The MACD on the Daily chart is positive but about to turn back down.

  • The RSI is overbought and headed South.
From the facts above we can deduce that LIGHT.CMD/USD will correct in…
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killer195175 avatar

UPDATE-1
The pair has ended the week at 57.29. The MACD and RSI are looking good. The pair will go higher in the coming days and we will be able to achieve our target at 61.50.

killer195175 avatar

UPDATE-2
The pair has ended the week at 57.29. Now it is trading at 57.28. The pair is consolidating. I expect some good buying when the price hits or get near to the rising trendline. This event may take place next week.

killer195175 avatar

UPDATE-3
The price action in this pair has been very promising so far but the pair has failed to break the falling trendline as we predicted for the break of the line. If it breaks the line next week then we may find our target of 61.50. Otherwise it may fall further to 57.00 levels.

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BRENT CRUDE MAY RISE AFTER PULLBACK

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
BRENT.CMD/USD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed north.
From the weekly chart, it looks like there is more potential to the upside.
BRENT.CMD/USD Daily Chart
  • The MACD on the Daily chart is positive but about to turn back down.
  • The RSI is overbought and headed South.
From the facts above we can deduce that BRENT.CMD/USD will correct in …
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killer195175 avatar

UPDATE-2
The pair has ended the week at 63.29. The pair is now trading at 64.60 while I am writing this comment. Here I expect the pair to find some resistance. Although all the indicators are aligned and pointing North.

killer195175 avatar

UPDATE-3
The pair has ended the week at 63.29. The pair is now trading at 63.27 while I am writing this comment. Here I expect the pair to find some support at the rising trendline. If it is able to stay above this line then we can hit our target easily.

killer195175 avatar

UPDATE-4
The pair is now trading at 64.21 while I am writing this comment. We are just 29 pips away from our target and 10 more days to go. Ahead is the holiday period coming. Let us see how the things unfold in 10 days. The indicators are hinting further upmove but I expect it to find resistance near 65.00 levels and retrace back to 64.50 by end of this year.

killer195175 avatar

UPDATE-5
The pair is now trading at 64.63 which is just 13 points above our target price for January. Although the daily candle as of now is a doji but the bias is bullish. I expect price to start consolidating here as it has already made a high of 64.925 today

killer195175 avatar

UPDATE-6
The pair has closed the week exactly at 65.00 levels and I expect a less volatile market next week and expect the price to correct to 64.50 levels before the year ends.

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EURUSD

today was a not a good day trading the EURUSD. my calculations tell me that the eurusd will rise for the next two days
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AUD/NZD- Channel Up emerging pattern!

  • Charts: 4 Hours, 1 Day.
  • Elements used: Patterns,Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.0732
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Metal_Mind avatar
Metal_Mind 31 July

UPDATE 1 : REMARKABLE PREDICTION. DEVIATION 7 PIPS. Not only that but i succesfuly predicted  the 300 pips bullish rally very exactly.The price action reached 1.1048 as expected and now is on a slight retracement . Current price action is 1.0953 which represents a 7 pips deviation from target. This is one accurate and  very qualitative prediction.

Metal_Mind avatar

UPDATE 2 : Curent price level is 1.0946  that beiing a 0.00% DEVIATION . This is one incredible prediction.Especialy if we consider that this is a volatile pair.

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GBP/AUD - Preparing for sell trend!

  • Charts: 4Hours, 1 Day.
  • Elements used: Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.8233
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Metal_Mind avatar
Metal_Mind 25 June

UPDATE 1 : EXCELENT PREDICTION . This prediction is very good in terms of accuracy ,quality and price resemblence to my forecast. Curent price level is 1.8110  which  represents a 73 pips deviation bellow my target.With several days to come  we could see this one come true.

Metal_Mind avatar
Metal_Mind 27 June

UPDATE 2: The deviation increased to over 100 pips as a resut of a bearish corection. If the next week fundamental will help the pound ..the target may be meet.

Metal_Mind avatar

UPDATE 3 : Current price level is 1.8121  narrowing the deviation to 80. Its a bit high but with current volatility who now what may happen.

Metal_Mind avatar

UPDATE 3 Correction: The deviation narrowd to 60 pips not 80.

Metal_Mind avatar

FINAL UPDATE : The price at settlement was 1.8136  representing a deviation of 53 pips.

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EUR/JPY-Triangle Pattern!


Charts: 4Hours, 1 Day.
Elements used: EMA 3,5,13,21,50,100,Time Markers.
Current Level : 141.02

EUR/JPY has had a 5100 pips sharp bullish rise month after month until recently when it seem to have encounter a resistance level. I used percent lines levels last month to determine where the pair could be heading. I predicted a retracement period.
Today i can conclude that i was right. The retracement period did occured but the losses were recovered very quickly and the pair played in a range
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Convallium avatar
Convallium 28 Feb.

you are hard-working person)

Metal_Mind avatar
Metal_Mind 28 Feb.

Thanks Convallium!

Metal_Mind avatar
Metal_Mind 27 Mar.

UPDATE 1: WRONG DIRECTION. DEVIATION OVER 300 pips

Metal_Mind avatar
Metal_Mind 31 Mar.

UPDATE 2: CUrrent price level is 142.14  narrowing the deviation to 170 pips. If we have some extraordinary event the prediction might be close. Even though that is not very likely to happen.

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USD/CAD-Bullish rise!


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.1108
USD/CAD
after moving in a range the whole period of December last year ,have started this year with a sharp bullish rise from (1.06 ) price level to (1.1175) which is over a 500 pips move.But as can be seen on chart bellow the pair reached a resistance at the level(1.1224) which wasthe base of a significant retracement that lasted half a month and consolidated the pair prepar
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Convallium avatar
Convallium 23 Feb.

Thank you f

Metal_Mind avatar
Metal_Mind 27 Mar.

UPDATE 1: After reaching a high at 1.1280 that beeing  only 70 pips from target and coming  from a 300 pips bullish rally  the pair plummeted only in a few days  over 200 pips.Deviation is over 300 pips.

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