AdamFx42's Blog

Avatar

AUDChf retracing down within a weekly bullish channel

AudChf is retracing downward within a weekly bullish channel
AudChf seems to be rising within a weekly bullish channel:
MACD and Stoch indicators point to bullish action, and price of the pair holds above moving averages
(I use DiNapoli 3x3, and 25x5 SMA's)
If we take a look at the daily chart:
We see clearly that previous highs were not taken out - indicating a pullback or retracement
I expect the pair- because it is bullish - to retrace to natural 61.8% fibonacci retracement
before a move up a…
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar

Pair is moving exactly as predicted - 61.8% fibonacci retracement held the move down around 0.7250, and now AudChf is back above 0.7350 already - will see more upside probably

AdamFx42 avatar

Price is up to 0.7450 now - this is where I expect to see some retracement back down

AdamFx42 avatar
AdamFx42 21 Ago

Retracement back down indeed, and price holding just below target now - need 0.73 to act as support now

AdamFx42 avatar
AdamFx42 29 Ago

Bit above target now - 0.73 is obvious support, pair near 0.74now, see if it acts as resistance

AdamFx42 avatar
AdamFx42 31 Ago

Price just below 0.74 - about 50 pips above target

oudeixar comentários
Avatar

AUD/CHF held down by strong resistance area

After a strong move up, Aud/Chf is likely to hold present level for a while
Like most other Chf crosses, the Aud/Chf cross has retraced back more than half of the losses
that occured when the Swiss removed the artificial peg holding down the currency
The move back up is stagnating the last couple of weeks, though,
and technical analysis indicates that a top may be in place
On the weekly chart I have a drawn the fibonacci expansion levels of the move
just before the peg removal, and we see that t…
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar
AdamFx42 28 Mar

Support area on my daily chart has held yhe price from dropping further, as I predicted,
a move up should follow now

AdamFx42 avatar

Support area established lower at 23.6% fibonacci retracement on my charts,
just before RBA interest rate decision -- Aud stays on hold, and up we go again,
now just above 38.2% support, expect a move up from here

AdamFx42 avatar
AdamFx42 29 Abr

Price has moved exactly as I predicted on my daily chart
We see that the strong resistance area that I drew has held the price below it,
and now the 50% fibonacci retracement level of the last big move down is acting as support,
keeping the price above 0.7624, and is on my target now  -- just 12 pips above target

oudeixar comentários
Avatar

AUD/CHF inverted head and Shoulders pattern weekly chart

Aud/Chf is showing an Inverted Head and Shoulders pattern on the weekly chart
First of all here is the weekly chart and you can see the forming of the inverted head and shoulders pattern
Aud/Chf weekly chart
On the daily chart we see that there has been some sideways price action,
but we can see that before this action occured there was a move down
and the first retracement from this move down provides us with a Fibonacci expansion level of 61.8%,
that has been hit now --- this level could also …
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar

Price has broken below my initial support area - the bounce up has started though,
Need the price to break above 0.8180 for my prediction to play out now

oudeixar comentários
Avatar

AUD/CHF in for another round trip

Aud/Chf has put in a double top on the weekly chart
The 61.8% fibonacci expansion level of the last weekly move should be the weekly target
this level lies around 0.81
Aud/Chf weekly chart
Before we get there - we need to look at the daily chart first,
there is another clue of the price movement there:
the daily fibonacci expansion area of 61.8% lies above the weekly target around 0.8180
I believe that the price will bounce here, and retest previous lows around 0.83
before heading down further
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar
AdamFx42 19 Out

Price action has still to move to the downside
A test of the weekly 61.8% fibonacci retracement is neede for a bounce back up
or the price will remain sideways

AdamFx42 avatar

Price has followed the pattern I drew out exactly - bounced of 61.8% fibonacci daily expansion
and came back up steeply - has now retraced back target area

AdamFx42 avatar
AdamFx42 10 Nov

0.82 is the low for now - price is back up above 0.83 at the moment
This means that the daily fibonacci expansion 61.8% that I predicted on my daily chart
has held the downside and a bounce from this level has occured
Price action is not strong though - and a retest of 0.83 to the downside may follow

AdamFx42 avatar
AdamFx42 26 Nov

Price is stuck between 0.83 and 0.82 just as I predicted
need about 40 pips to the upside for my target

oudeixar comentários
Avatar

AUD/CHF down to lower border of weekly trendline

Aud/Chf is on its way down to the lower border of a weekly bullish channel,
as we can see by the downward action on the weekly chart within this channel:
Aud/Chf weekly chart
On the daily chart we see a sharp move down within this channel happening now,
the Fibonacci expansion areas of the last two moves down will eventually lead
the price action to the lower border around 0.834:
Aud/Chf daily chart
Ler história completa
Traduzir para Inglês Mostrar original
AdamFx42 avatar
AdamFx42 23 Set

Price is now exactly on target

AdamFx42 avatar

Price has been bouncing up and down around my target, which indicates that I got the area right,
it is up to the gods now where we end at 12:00 gmt

AdamFx42 avatar

Price exactly on target now, it is going to be an exciting last three hours :-)

AdamFx42 avatar

Very happy with the result on this prediction:
bid price ended up being just 5 or 6 pips  below my target!

Airmike avatar
Airmike 2 Out

congratulation :)

oudeixar comentários