- Charts: 4Hours, 1 Day.
- Elements used: Fiboancci Fan Lines, Fibonacci Retracements,Volume.
- Prepared with : JForex 4.
- Current Level : 0.9214
- NZD/CAD has begin its massive bullish rally in the end of the Q2 of 2013 and amounted more than 1700 pips until 15 March ,Q1 of 2014 ,when the bullish rally runned out of steam, formed a strong resistance around 0.9677 price level and begin its retracement.
Metal_Mind's Blog
NZD/CAD -Consolidation!
GBP/CHF-Retrace,reach & break 1.50 again?
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.4801
GBP/CHF is one of the series of high volatility currency pairs that not only translates in daily sharp moves but also the range between this pair moves from one month to another is very high. For example the last two bearish and bullish moves that occured in December sum up over 1200 pips which is quite a number for a single month.One the image bellow we can see…