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AUD/NZD- Channel Down !


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines, Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 1.0586
AUD/NZD
is in a channel down pattern for more than 8 months now. This channel down pattern is very viable also smoth and heading downwards gradually without any major disruption in the pattern.MACD on 4h chart indicates a bearish trend development soon which could be followed by some retracements but nothing significant.I don't see a channel breakout any
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UPDATE 1: WRONG DIRECTION.

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jezz 1 Mar

1,02 is a strong support... 5 year, if I'm not wrong...

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Yep Jezz you are right !

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UPDATE 2: Current deviation 400 pips.

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jezz 2 Mar

Seeya next month :(

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EUR/CAD-Smoth bullish rise!


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD.
Current Level :1.4835
EUR/CAD
pair has been bullish from mid August 2012 . I keep my last month bullish perspective for this pair.This month the pair had experienced extraordinary volatility. In 6 of Janury it started a sharp bullish trend that lasted 7 days and amased more than 550 pips. This is quite a run for this pair ,in such short period of time. For sure we will have a very
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UPDATE 1. Current price level is 1.5252 ehich is exactly 200 pips above the target.

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UPDATE 2. Current price level is 1.5261 which isn't a big evolution from previous update. The deviation still sits at 200 pips above target.

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jezz 2 Mar

I'm looking at commodity currencies like time bombs now

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EUR/CAD - Similar price action!

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD .
Current Level : 1.4593

EUR/CAD has been bullish from mid August 2012 . From my perspective the bullish trend is sure on the right track and headed to see higher grounds.If we look at the black trendline we can see the price action smoth bullish run without any interuptions even on important support and resistance zone.In the past month we can spot some similarities of the price ac
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agddivisas avatar

I also think for level 1,4535.

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UPDATE 1: The euro was most stronger this month . We have a 700 pips deviation.

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UPDATE 2: Deviation 500 pips. We have an improvement but this is still alot of deviation from target.

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