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AUD/SGD towards the lower border of a weekly channel

AdamFx42 Posted 12 Oct. as Analysis on AUD/SGD, Target: 1.0911, Date: 1st of December, 12:00 GMT  in #Technical analysis #Weekly Channel #AUD/SGD #Fibonacci Expansion Level #Bearish Action
Aud/Sgd to me - has a beautiful technical setup,
all seems clear and price action is at work and speaks for itself
The weekly bearish channel the pair is in shows a strong bounce from the upper border
Price has broken through and retested the 61.8% fibonacci expansion level of the last weekly move down
The fast move down is supported by a bearish RSI, which should lead price further down to the lower border of the channel
Aud/Sgd weekly chart
On the daily chart we see that the 61.8% fibonacci ex…
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2 Comments
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AdamFx42 19 Oct.

Price has held above 1.10 for now - this is to be expected, as it is a large psychological number to break

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AdamFx42 5 Nov.

Price moving towards the lower border of the weekly channel - see if it breaks

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NZD/CHF down after breaking weekly channel

AdamFx42 Posted 19 Aug. as Analysis on NZD/CHF, Target: 0.7537, Date: 1st of October, 12:00 GMT  in #Technical analysis #NZD/CHF #Fibonacci Expansion #Fibonacci Retracement #Bearish Action
Nzd/Chf has broken the lower border of a weekly trendline and channel,
and has retested the entry back into the channel and failed -
this is a clear bearish sign:
Nzd/Chf weekly chart
On the daily chart we also see that the 161.8% fibonacci expansion level of the latest move
lies around the 100% fibonacci retracement;
these levels could be the target of a bearish move after the breakout downward:
Nzd/Chf daily chart
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4 Comments
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AdamFx42 3 Sep.

Not much change in price yet - but, important is that breakout of lower border is still intact,
further downside should follow from here

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AdamFx42 11 Sep.

retest of lower border has failed, and price is back where we started,
I do expect my prediction to play out now - and price to go down from here

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AdamFx42 23 Sep.

price is hanging around 0.76 now so I need a break lower

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AdamFx42 27 Sep.

after Nzd weakness this week 0.75 has broken to the downside, need a break above again

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