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AUDJpy moving down in extended bearish weekly channel

AdamFx42 Posted 31 July as Analysis on AUD/JPY, Target: 74.33, Date: 1 von September, 12:00 GMT  in #Technical analysis #Support #AUD/JPY #Fibonacci #Bearish Channel
AudJpy is in a weekly bearish channel and moving towards lower trendline
On the weekly chart we can see the bearish channel:
Price is moving down now, and shows a strong bearish weekly candle
I expect a lower price in AudJpy next month
On the daily chart we can figure out when the downside might hold:
A double top has formed on the daily chart indicating a high is in place
Price of the pair has broken below the rising trendline, and below SMA's
MACD and Stoch are both bearish - I expect a sharp …
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4 Kommentar
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AdamFx42 3 Aug.

Pair is slowly moving down towards projected target - 61.8% fibonacci expansion level

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AdamFx42 5 Aug.

Strong US data and subsequent higher UsdJpy have sent AudJpy back up too 77.5 area, will have to see whether Usd weakness (or Jpy strength) returns

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AdamFx42 15 Aug.

No change yet

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AdamFx42 21 Aug.

Price moving down slowly now - need more UsdJpy weakness to reach target, I guess

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Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on EUR/SGD, Target: 1.5131, Date: 1 von May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Channel #EUR/SGD #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.5131.
However, if bullish ca…
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EUR/USD facing some bullish pressure

Ucef Posted 28 Feb. as Analysis on EUR/USD, Target: 0.0835, Date: 1 von April, 12:00 GMT  in #Technical analysis #Resistance #EUR/USD #Down Trend #Levels #Bearish Channel #Trendlines #Channel Breakout
Daily Vision
The EUR/USD attempted to push lower yesterday bottomed at 0.0855 but closed higher at 0.0225 in another high volatile market. We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1000 pips without significant correction and the next potential target is seen around 0.0835 (weekly EMA 200). The bias is bearish in nearest term. Immediate resistance is seen around 0.0899 . A clear break above that area could lead price to neutral zone in near…
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Long term bias is still short on AUDJPY

Ucef Posted 31 Jan. as Analysis on AUD/JPY, Target: 88.80, Date: 1 von March, 12:00 GMT  in #Technical analysis #Short Term Loans #Resistance #AUD/JPY #Support Line #Fibonacci Levels #Bearish Channel #Downward Channel
Daily analysis
AUDJPY opened the week at 85.98 and touched a low of 85.47. It was all uphill for the pair, which hit a high of 85.14, putting strong pressure on resistance at 85.98, AUDJPY closed the week at 85.65. With the pair posting sharp gains last week, we begin with a top level at the round number of 85.74. The round number of 85.65 was a swing low and remains of importance. 85.75 was the high and a key resistance line. 85.96, which was a swing low, has switched to resistance. It is a wea…
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NZD/CAD Bearish Channel

foreignexchange Posted 28 Apr. as Analysis on NZD/CAD, Target: 0.9121, Date: 1 von June, 12:00 GMT  in #Technical analysis #NZD/CAD #Parabolic Sar #Money Flow Index #Linear Regression Slope #Bearish Channel
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 0.95912
RESISTANCE LEVELS: 0.9102 - 0.92187
PAIR ANALYSIS :
The NZD/CAD pair pattern is in a slightly bearish channel. The analysis chart suggest that the pair around the key level price at 0.92187 can have a bullish secondary retracement.
The Linear Regression Slope at -0.001 , the Parabolic Sar distribution seem to support the slightly bearish tendency.
A bullish crossing at 0.95912 can v…
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2 Kommentar
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foreignexchange 20 May

Comment 1 - The  BoC Governor, suggested that the Canadian economy was gradually improving. Also energy commodities can have a bullish retracement that can support the Loonie.  Investors sentiment not considering the energetic releases could  be also  governed by global macroeconomic news. In this contest it is possible to forecast a slightly bullish CAD trend.

foreignexchange avatar
foreignexchange 25 May

Comment  2  - Canadian Economy releases indicates the possibility of a bearish tendency,  22/05/2015 the CPI release at 0.1% with forecast at 0.2. 
This economic indicator suggest a possible CAD bearish tendency, also the Oil price support the possibility of this tendency.

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EUR/GBP Bearish tendency

foreignexchange Posted 27 Apr. as Analysis on EUR/GBP, Target: 0.7010, Date: 1 von June, 12:00 GMT  in #Technical analysis #EUR/GBP #Parabolic Sar #Money Flow Index #Linear Regression Slope #Bearish Channel
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 0.80012 - 0.75807
RESISTANCE LEVELS: 0.71002
PAIR ANALYSIS :
The EUR/GBP pair pattern is in a bearish tone. Since beginning of 07/2014 the currency pair has been dominated by a bearish position tendency with some sellers opportunities around the resistance line. The pair crossed the support line improving its linear slope. The pair shows a resistance zone around the 0.701 level.
The Linear …
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5 Kommentar
foreignexchange avatar
foreignexchange 28 Apr.

Comment 1 - The  EUR/GBP  in a slightly bullish trend. The technical indicators like the positive linear  regression slope or the Parabolic Sar support this slightly bullish analysis. The price level is actually around the 0.71592 value.

foreignexchange avatar
foreignexchange 11 May

Comment 2 -  German Industrial production improved  in 03/2015 by 0.1%. Experts had predicted a 0.5% increase; while on the trade balance  it marked a positive balance of 23 billion euro. The figure is better than the 19.2 billion in 02/2015 and $ 20 billion estimated by analysts. The figure for the current account balance represents a balance of +27.9 billion from 16.6 billion in 02/2015. This macroeconomic releases could support a secondary bullish before the bearish domination, a possibility to open sell position around the resistance line.

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foreignexchange 18 May

Comment 3 -    The Greek government should pay around  €1.5B of debt to the IMF. This  represents around twice the size of 04/2015 debt payment, which already forced the government to draw on the IMF’s reserve account and raid municipal funds. This eventually no payement could facilitate a EUR bearish domination.

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foreignexchange 25 May

Comment 4 - Greece debt should be monitored.

The statements circulated about the possibility to not pay any of the tranche scheduled for 06/2015 for a total value of around one billion six hundred million.

This potential output of the country the European monetary union would be something that could facilitate a bearish domination in the European currency.

foreignexchange avatar
foreignexchange 25 May

Comment 5 - The GBP  seems to have a positive linear regression slope probably related also to  its domestic Retail Sales report. The report printed strong and revealed an improvement in the domestic consumer demand, which could be view  natural after a period of encouraging wage growth and lower gas prices.  Retail Sales soared 1.2%  with forecast at 0.2% reading.
This analysis could support a secondary bullish GBP retracement.

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AUD/SGD the parallel bearish channel and the possible retracement

Durden Posted 26 Apr. as Analysis on AUD/SGD, Target: 1.0108, Date: 1 von June, 12:00 GMT  in #Technical analysis #Rsi #AUD/SGD #Bearish Channel #Hidden Markov Processes

Indicators: RSI, Volatility, Volume, HMM

Key price levels : 1.001 - 1.0499 - 1.09995

Weekly Charts pattern : resistance line , W1 Chart.

Weekly Vision

AUD/SGD is moving in a downtrend parallel channel dynamics . The chart analysis bearish trend can be supported by the Hidden Markov Models Analysis, the RSI momentum indicator, the China fundamentals analysis and a Parabolic Sar distribution integrated with a Volume and Standard Deviation analysis.

Daily Vision
…
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1 Kommentar
Durden avatar
Durden 16 May

The Australian central bank (RBA) cut the benchmark rate by 25 basis points to a  of 2%  the RBA has made it clear that another easing is very unlikely, unless the weather does not deteriorate significantly.

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The Cable and the bearish channel

foreignexchange Posted 20 Apr. as Analysis on GBP/USD, Target: 1.4611, Date: 1 von June, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Linear Regression Slope #Bearish Channel
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 1.49931 - 1.51689
RESISTANCE LEVELS: 1.44031
PAIR ANALYSIS :
The Cable is in a bearish domination tendency within a parallel channel. Since beginning of 07/2014 the currency pair has been dominated by a seller positions tendency with few corrections along the pattern channel. The Linear Regression Slope around - 0.003 and the configuration of the Parabolic Sar seem to support the channel co…
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foreignexchange 11 May

Comment 2-   
Data on 08/05/2015 showed that the US economy created 223,000 new jobs in April, compared to expectations for an increase of 224,000 new jobs. However, the March figure was revised to an increase of only 85,000 units, the lowest since June 2012. The data could not be correlated with the Federal Reserve decision to the interest rates.
The USD Index, which tracks the performance of the greenback versus a basket of six other major currencies, salt 0.24% to 95.13.

foreignexchange avatar
foreignexchange 11 May

Comment    3 - The pound seems to support the bullish trend after the Conservative Party of Prime Minister David Cameron won the British election with an unexpected majority and after the interest rate  release at 11/05/2015 .

foreignexchange avatar
foreignexchange 14 May

Comment 4 -    US retail sales numbers in 04/2015 forecast for a 0.2% increase. Retail sales excluding automobiles, gasoline, building materials and food services were also unchanged after a revised 0.5% increase in 03/2015. Retail sales were expected at 0.5% in 04/2015 after a previously reported 0.4% increase in 03/2015. Retail sales have trended less despite households getting a massive windfall from lower gasoline  prices. These releases  could facilitate the USD bearish tendency. The GDP release could facilitate a bullish retracement.

foreignexchange avatar
foreignexchange 21 May

Comment 5 - The improving economy  than expected related to the US housing market in 04/2015, suggests that the US could be out the hook. Bullish USD traders could analyze positive news from the world's largest economy to restart the rally in the dollar, which explains the great appreciation of the greenback. The publication of the minutes of the FOMC could provide further details on the temporary factors that have slowed the economy in the first quarter.

foreignexchange avatar
foreignexchange 25 May

Comment 6  -    The GBP  seems to have a positive linear regression slope probably related also to  its domestic Retail Sales report. The report printed strong and revealed an improvement in the domestic consumer demand, which could be view  natural after a period of encouraging wage growth and lower gas prices.  Retail Sales soared 1.2%  with forecast at 0.2% reading.
This analysis could support a secondary bullish GBP retracement.

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GBP/AUD to break out of bearish channel

AdamFx42 Posted 13 Oct. as Analysis on GBP/AUD, Target: 1.9055, Date: 1 von December, 12:00 GMT  in #Technical analysis #GBP/AUD #Fibonacci Expansion #Bearish Channel #Bullish Indicators #Hammer Candle
Gbp/Aud is looking strong and ready for a next leg higher
This next leg will bring it above the upper border of a bearish channel
as we can see on the weekly chart:
Gbp/Aud weekly chart
The last weekly candle is a hammer - which is a bullish candle pattern,
the MACD signal is bullish, and the RSI is bullish, too
The 61.8% fibonacci expansion target of last weekly move lies above the upper border
of the weekly bearish channel that the pair is currently in
On the daily chart I have drawn out my pr…
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AdamFx42 avatar
AdamFx42 5 Nov.

The pair is finally testing the upper border of the weekly bearish channel,
a breakout could trigger a stronger move up

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GBP/AUD closed in a bearish channel

AdamFx42 Posted 18 Aug. as Analysis on GBP/AUD, Target: 1.7641, Date: 1 von October, 12:00 GMT  in #Technical analysis #GBP/AUD #Fibonacci Retracement #Bearish Channel
Gbp/Aud is stuck in a weekly bearish channel
and the most immediate target seems to be the breaking of 50% fibonacci retracement
of the last move up, and down to 61.8% retracement line
On the weekly chart we see the bearish channel,
and we draw the fibonacci retracement of the last move up:
Gbp/Aud weekly chart
Zooming in within the weekly downward channel and on the daily chart
we can see that the 50% fibonacci retracement is being challenged
because the upper border of the channel will push th…
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AdamFx42 29 Aug.

50% fibonacci should act as resistance now - and after some retracement up we should test 61.8%

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AdamFx42 3 Sep.

Price holding above 61.8% weekly retracement around my predicted target,
this was an excellent call on my part - but it went so quick;
I do not know if price will remain bouncing between 50% and 61.8% for long

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AdamFx42 6 Sep.

Strong move down has broken 61.8% support
looking for retracement back up to test support - now resistance

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AdamFx42 10 Sep.

Well, what happened is that the lower border of the weekly trendline has held, and price has bounced back up - broken back above the daily 61.8% retracement level, and is holding on my target
That all in a couple of days:    wow!

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AdamFx42 11 Sep.

Now higher border of the weekly channel is being tested again - it's a roller-coaster ride!

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