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USD/JPY-Bullish dollar backed by taper ?

Metal_Mind Posted 26 Jan. as Analysis on USD/JPY, Target: 104.2400, Date: 3rd of March, 12:00 GMT  in #Technical analysis #Dollar #USD/JPY #Bullish #Rates #Taper #Interest #Efect #Strenghtening
Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,MACD, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 102.12

USD/JPY after last month reaching an high at (105) level has begin retracing to (102) price level , which lasted most of January.The dollar hited a 1 month low.The current price level hit fibonacci retracement level 38.20%(102.20) and from my point of wiew i think this is the start of the bullish trend. I base my analysis both tehnically but most important…
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Metal_Mind 26 Feb.

UPDATE 1: Current price level is 102.35 which is very far from target and fairly looks unrecheble by the end of the month.

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Metal_Mind 2 Mar.

UPDATE 2: Current deviation is over 250 pips bellow my target.

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USD/CAD- Bullish Channel

Metal_Mind Posted 31 Dec. as Analysis on USD/CAD, Target: 1.0785, Date: 3rd of February, 12:00 GMT  in #Technical analysis #USD/CAD #Pattern #Taper #Appreciate #Bullish Channel


Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.0629

USD/CAD is in a bullish channel from September 2013 .As we can see very clearly from the chart bellow the price action developed within 38.20% & 50.00% fibonacci fan lines levels.Since the Federal Reserve recent action to start ''Tapering'' only made the pair even stronger ,
I personally see the pair trading a bit higher in the new year to …
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Likerty avatar
Likerty 7 Jan.

Yep, cad is in the bull trend, but it still may play with buyers nerves..

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Metal_Mind 28 Jan.

UPDATE 1 : Well the pair was definatly in a bullish channel . TO bad it was to bullish, 400 pips above my target.:)

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Metal_Mind 1 Feb.

UPDATE 2: Still the same situatation. The deviation is to big.

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GBP/USD-Bull Run Stalls

Metal_Mind Posted 30 Dec. as Analysis on GBP/USD, Target: 1.6597, Date: 3rd of February, 12:00 GMT  in #Technical analysis #Pips #GBP/USD #Consolidation #Taper #Sideways #Stall #Booked #Greenback
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 30 Dec.

Very perceptive analysis...

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Metal_Mind 28 Jan.

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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Metal_Mind 1 Feb.

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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USD/JPY- BREAKOUT CONTINUATION !

Metal_Mind Posted 24 Nov. as Analysis on USD/JPY, Target: 102.6700, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Japan #USD/JPY #Inflation #Breakout #Fed #Taper #Target #Continuation

Charts: 4 Hours, 1 Week.
Indicators:Fibonacci Fan Lines,Fibonacci Retracements,Support & Resistance Levels,Time Markers,MACD, EMA 200,100,50.
Current Level : 101.29
USD/JPY is very likely to continue its rise as the slowing recovery in Japan undermines the Bank of Japan pledge to achieve the 2% target inflation for 2015,and this deviation in the policy outlook may inflate the exchange bringing the pair to new highs as the FED recent news said it looks to taper its asset-purchase program in th…
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Metal_Mind 26 Dec.

UPDATE 1; The prediction was great but the FED decision to taper sooner overboosted the USD and now the current price level 104.76 which is 210 pips above target. Nonetheless the prediction is very good .

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