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AUD/USD-Continues downtrend !

Metal_Mind Posted 29 Mar. as Analysis on AUD/USD, Target: 0.7483, Date: 1st of May, 12:00 GMT  in #Technical analysis #USD #AUD/USD #Aussie #Rba #Cash #Rate #Downtrend #Exchange #Monetary
  • Charts: 4 H,1 Day
  • Elements used: CCI , Support & Resistance
  • Current Level : 0.7740
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Metal_Mind 14 Apr.

UPDATE 1: The us dollar lost some in value as expected  reaching a low of 0.7530 from the 0.7740 level at the time i posted the analysis.The prediction is looking good and set into the right direction.

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Metal_Mind 18 Apr.

UPDATE  2: The pair rebounded  fast after its sell off  and now is again trading at 0.77 level.I would personally take into account recent fundamentals and think the RBA will intervene to send the exchange rate lower in order to gain some competitive advance and recoup the loses from the recent  iron ore devaluation. That been said if the rate goes lower there is a high possibility to reach my target.

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NZD/USD - ,,Greenback'' struggles!

Metal_Mind Posted 29 Mar. as Analysis on NZD/USD, Target: 0.7496, Date: 1st of May, 12:00 GMT  in #Technical analysis #NZD #USD #Bullish #Price #NZD/USD #Retested #Greenback #Struggles #Developments
  • Charts: 4 H,1 Day
  • Elements used: Fibonacci Fan Lines,Retracements, CCI , Support & Resistance
  • Current Level : 0.7638
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Metal_Mind 14 Apr.

UPDATE 1:The pair reached the targed already retesting it until now for at least 2 times.The current deviation is only 14 pips from target but with half a month to go there are still a lot of price developments to factor in right now.

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Metal_Mind 18 Apr.

UPDATE 2:  Recent US macroeconomic weak data send the dollar in the red territory and helped all other currencies gain as result including the kiwi. From a technical point of view i can say current price development lead me to the idea that my target could not been reached but i hang on and think that we could see see the greenback recoup .

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Metal_Mind 30 Apr.

UPDATE 3 : Current price is 0.7691 which is really a long way from my target. The only way to hit the current target would be  to see tomorrow a fast sell which from a technical point of view can be highly probable.

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Metal_Mind 1 May

FINAL UPDATE : After 2 hours  since settlement the prediction hit the target. Late but still a great prediction . I am very proud of this result.

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USD/MXN - Ascending Triangle!

Metal_Mind Posted 11 Nov. as Analysis on USD/MXN, Target: 13.2174, Date: 2nd of January, 12:00 GMT  in #Technical analysis #MXN #USD #Triangle #Peso #Ascending #USD/MXN #Mexican

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 13.2248

Mexican Peso starting from May has begin building a large support zone at (11.92) price leve from which it weaken against the us dollar which begin to gain more and more strength every day in a sharp bull rise .After this movement the pair begin to move in a range which now seen on the chart below looks like an ascending …
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Metal_Mind 26 Dec.

UPDATE 1: This prediction is excelent. It seems that i predicted very accuratly the triangle pattern.At the fast rate this pair move the current price level of 13.08 could easly transform and reach the target very easly.

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USD/DKK-Channel Down

Metal_Mind Posted 11 Nov. as Analysis on USD/DKK, Target: 5.3755, Date: 2nd of January, 12:00 GMT  in #Technical analysis #DKK #USD #Support #Down #Levels #Channel #USD/DKK #Formation #Danish #Krone

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 5.5703

Danish Krone in July this year found a resistance level at fibonacci retracement 0.00% (6.1792) price level which is also the area of fibonacci fan line 38.20% level. From there the krone started to strengthen beaking fibonacci retracement level one after another founding support at fibonacci 61.80% retracement level.As can be seen in …
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Metal_Mind 26 Dec.

UPDATE 1 : The prediction is over 600 pips from target . It is on the right path but it is very far though from target.

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USDNOK -React to Fan lines

Metal_Mind Posted 11 Nov. as Analysis on USD/NOK, Target: 5.8945, Date: 2nd of January, 12:00 GMT  in #Technical analysis #NOK #USD #Support #Fibonacci #Fan #Line #Retracement #USD/NOK #Krone #Norwegian

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 6.1332

USDNOK recent price development from the last 3 to 6 months will reveal that the pair seem to react at fibonacci fan lines level. If we watch closely the chart below we can see the pair trading between fan lines levels finding resistance and support at these specific levels. After the pair broke down 61.00% fan line …
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Metal_Mind 26 Dec.

UPDATE 1 : Prediction to far from target.

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USDPLN - Going Downward!

Metal_Mind Posted 11 Nov. as Analysis on USD/PLN, Target: 3.0138, Date: 2nd of January, 12:00 GMT  in #Technical analysis #PLN #USD #Fibonacci #Price #Predict #Retracement #USD/PLN #Downward #Polish #Zloty

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 3.1340
Polish Zloty has just found a support level around 61.80% fibonacci retracement level from where it pulled back for consolidation.The 61.80% fibonacci retracement level is a previous important support zone which i predict it will be broke any time soon , strenghten the polish zloty more aginst the ''greenback''. I predict for 2…
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Metal_Mind 26 Dec.

UPDATE 1: It seems i have been proven right with this prediction . Current price level is 3.0138 which is 96 pips above target . This is very close and with several days to go it can be count as good prediction.

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Metal_Mind 28 Dec.

UPDATE 2: The current price level is 3.0154 which is only 14 pips above the target. This preddiction is very close to target and may be proven quite accurate.

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Metal_Mind 30 Dec.

UPDATE 3: Current price level is 3.0084 which is 70 pips bellow target. It seems that all the volatility had made a big deviation in only 1 day.

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USDSEK-Lower Highs& Lower Lows !!!

Metal_Mind Posted 8 Nov. as Analysis on USD/SEK, Target: 6.3203, Date: 2nd of January, 12:00 GMT  in #Technical analysis #SEK #USD #Ema #Macd #Channel #USD/SEK #Descending #Swedish #Krona
Charts: 1 Day,1Week.
Elements used: Support & Resistance Levels , MACD, EMA 200,100,50,Time Markers.
Current Level : 6.5873


Swedish krona has been losing ground against the dollar since January 2013 but in June the pair reached an important resistance level around(6.87) price level from where it started a descending channel as can be seen on the chart bellow.The pair made lower highs and lower lows ,facts that confirmed the descending channel and that the krona may continue to …
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Metal_Mind 26 Dec.

UPDATE : WRONG PREDICTION

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USDRUB- Rouble lose ground!

Metal_Mind Posted 7 Nov. as Analysis on USD/RUB, Target: 32.6300, Date: 2nd of January, 12:00 GMT  in #Technical analysis #RUB #USD #Dollar #Analysis #Technical #Fibonacci #Fan #USD/RUB #Greenback #Rouble

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 32.39
Russian rouble as seen in chart 2 ,starting from March 2012 has strengthen considerably against the us dollar until mid January 2013 when it started to lose ground constantly against the '''greenback''' .At August's end , rouble had an sharp attempt to gain some track against the dollar which didn't last as can be seen on chart bellow.The dol…
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Metal_Mind 26 Dec.

UPDATE 1 : Current price level is 32.68 with prospect of lower grounds. Having in mind that we still have some trading days to go anything can happen. We will just have to wait and see.

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USDSGD- Elliot Waves ?

Metal_Mind Posted 7 Nov. as Analysis on USD/SGD, Target: 1.2310, Date: 2nd of January, 12:00 GMT  in #Technical analysis #SGD #USD #Dollar #Consolidation #USD/SGD #Singapore #Range #Waves #Eliot
Charts: 4Hours, 1 Day.
Elements used: Eliot waves,Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.2419

USDSGD pair if were to study its past price development we can see some similarities .On the chart bellow you can see the previous price development highlighted in red which started from a base support made a major resistance retraced and continue the bearish trend in Elliot Waves ,five wave pattern.Recent price dev…
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Metal_Mind 26 Dec.

UPDATE 1: The prediction is very good. The trend price action developed exactly as exposed on the chart just that the 5 wave was shorter than predicted an made a support at 1.2344. Current price level is 1.27 which is pretty far from target.

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USDCHF- Reaching for Range Support!

Metal_Mind Posted 31 Oct. as Analysis on USD/CHF, Target: 0.8823, Date: 2nd of December, 12:00 GMT  in #Technical analysis #CHF #USD #Support #USD/CHF #September #Range #Lower #Retracement #Target
Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level :0.9026


USDCHF is moving within a big range for more than 3 years now . The range is over 1400 pips wide and has base support at (0.8559) level and the major resistance level set at (0.9970) level.If we look on the chart below we can see that the range moved up&down between 0.00% & 23.60% Fibonacci retracement level for most of the time in the l…
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Metal_Mind 21 Nov.

UPDATE 1 : THe direction predicted is correct but the pair trades 300 pips above target. In 10 days anything can happen. We will just have to wait on this one.

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