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GBPUSD consolidating in a down trending channel

GBPUSD is currently showing a sideways movement in a down channel. There are two possible outcomes from this scenario:
1. it breaks the upper channel line and begins a new up trend or
2. continues to move within the existing channel and goes further down
My opinion is the market will continue to go a bit lower, at least trying to test the blue channel line. Another good point of significant support level is the low of the large candle marked with a green rectangle.
Hope this view helps.
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EUR/USD - USD-JPY

The American dollar traded broadly lower against most of its major rivals, as renewed oil's weakness spurred risk aversion across the board, resulting in a sharp decline in worldwide stocks. The TEUR/USD pair advanced up to a daily high of 1.0939 this Tuesday, but was unable to advance further beyond the top of its recent range, easing towards the 1.0890 region, where short term buying interest sent it back towards its highs. In Europe, the EU Producer Price Index in the region fell by 0.8% in D…
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USDCHF - Side Ways Going To Be End

USDCHF - Side Ways Going To Be End
USDCHF - On short term time frame there no clear direction, But hidden bearish divergence developed on this pair FOMC minites give clear direction for USDCHF.
Medium term and short term pattern are in Sideways so Trade carefully....
Good Luck... Happy Trading....
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I am cautiously bullish on EUR/USD

Currency Pair:Eur/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.1319
Trend: Consolidation (daily chart)
Possible trading range:1.11-1.17
Signals: A buy signal will come once the price exceeds the upper band of a long lasting sideways channel situated between 1.1450 and 1.1250. A sell signal will come once the price manages to close below the 1.1250 level.
Fundamentals: There are several key elements that worry the FED and among these let's highlight the major …
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marius24 avatar
marius24 10 Mar

update :Current price...an unbelievable 1.07. That wow NFP ( 295K) has literally convinced the market that the FED is no longer very far away from the first hike in interest rates. June will be the most probable month for this to happen. From this point is quite hard to tell you which is the next move. I think a very sharp move towards 1.03 is on the table. Let's see

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marius24 17 Mar

update: No chances

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marius24 24 Mar

update: THe price came closer at around 1.10 but there is big gap between my target and the current price. No chances in a such short period

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CAD/CHF-Sideways incoming !

  • Charts: 1 Day,1 Week
  • Elements used: Andrew”s Pitchfork,Fibonacci Retracements,RSI,Stochastic.
  • Current Level : 0.8526
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Stix 1 Out

Best wishes for October. :) :)

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CAD/JPY-Dance between fan lines!


  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines,Fibonacci Retracements,
  • Prepared with : JForex 4.
  • Current Level : 93.80
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Metal_Mind avatar

UPDATE 1 : EXCELENT PREDICTION . The bullish breakout that i anticipated happened exact as i described it above. Now the pair is heading higher every day forming the bullish trend i talked about. Current price level is  94.98 which is only 16 pips deviation from my target. This is a very good prediction and  of great quality & accuracy also.

Metal_Mind avatar

UPDATE 2: The pair moved in a 40 pips range lately  but  at the Friday close  ,the price was 95.04 which means that the overall deviation narrrowed itself from 16 pips to 10 pips now. This range movment is a bit tricky and  the final result may vary alot ,though this prediction is  quite remakable.I anticipated very well the dance between fan lines.

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UPDATE 3: Remarkable prediction . Current price level is 95.17 that meaning only a 3 pips deviation from my target. Current price action is set to continue the bullish momentum. I hope a correction will happen in  the hours left to reduce the deviation.

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FINAL UPDATE : The price at the settelment time was 95.23 that  representing a 9 pips deviation from target or 0.09% . Very good prediction  overall despite the deviation.

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GBP/USD-Bull Run Stalls

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.6487

GBP/USD
has a major support zone at 1.4811 from which in July this year the pair started to show signs of a bull rise which latter had been confirmed as a lasting bull trend when it reached a major resistance zone at 1.6265.The pair encountered a 1 month and a half sideways movement and cosolidation before the November 13 breakout which bo
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gmoney7 avatar
gmoney7 30 Dez

Very perceptive analysis...

Metal_Mind avatar

UPDATE 1 : CUrrent price level is 1.6573 which is only 24 pips bellow the target. Until now this prediction evolved acordingly as predicted but since there are so many days to go it is posible at the settlement time that this prediction might be far from target.

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UPDATE 2: Even though this initial deviation was only 24 pips the Friday close price is 1.6432 and increased the deviation by 160 pips now. We shall see if the pound has enough stregth to lift up and recover.

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CADCHF- Bearish Sideways!

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 0.8689

CADCHF similar to other currency pairs quoted with swiss franc is moving within a large range zone. The CADCHF range is 1300 pips wide with the base support set at (0.8520) that was recently broke . Looking at the chart below we can see that the pair even in bearish trend moved in constant waves with sharp bull runs and bearish sidew
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UPDATE 1: This prediction prove to be correct and very accurate till now .There has been anothe down wave developement exactly like the one i draw in the chart highlighted in red. The direction is good and currently the pair is trading at 0.8696 .I expect this prediction to reach its target or either be very close .

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UPDATE 2: Extraordinary Prediction. The current price level is 0.8560 which is 40 pips above my predicted target for 2 December. What is so extraordinary about this predictions is the fact that the price movement is perfect and exact as i draw it in the chart +/-10 pips deviation at the resistance zone. That been said i wait to see what how close the result will be at settelement.

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UPDATE 3: The price has reached the target broker lower and tested the 0.8514 price level from where it retrace higher. Now the current price level is 0.8545 which is only 23 pips above the target. This prediction is excelent and maight be proved quite accurate .

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FINAL UPDATE : Perfect Prediction. The current price level is 0.8522. Deviation 0.00% . The price is in a 4h range on this price. With 6 hours to go i can say this will be a very tight prediction.

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