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Double top for GBP/CHF

AdamFx42 Posted 13 Oct. as Analysis on GBP/CHF, Target: 1.5035, Date: 1st of December, 12:00 GMT  in #Technical analysis #GBP/CHF #Bearish Signals #Trendline Support #Double Top Weekly
Gbp/Chf has put in a double top that we can clearly see on the weekly chart,
the 61.8% weekly fibonacci expansion target is just above the top
and will probably not be challenged anymore, because price has started to move down
RSI is still strong, but MACD is flat on the weekly chart,
price will probably return to first (steeper) weekly trendline support,
but I believe this support line will be broken
Gbp/Chf Weekly Chart
On the daily chart we see that the price is moving down
The MACD has a bea…
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3 Comments
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AdamFx42 19 Oct.

A strong move down has pierced first weekly support, but price still remains above it
A bearish weekly candle has been formed, though,
and the top seems firmly in place now

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AdamFx42 15 Nov.

More Gbp weakness has brought the price to my target area - just 10 pips below it now,
Lower weekly trendline is being tested now as predicted - 1.50 is therefore support now
Prediction is spot on - I am very happy with this one

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AdamFx42 30 Nov.

After moving up to around 1.52, price is moving down again - just below 1.51 now
60 pips above target

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EUR/CAD to break below 1.40 soon

AdamFx42 Posted 13 Oct. as Analysis on EUR/CAD, Target: 1.3888, Date: 1st of December, 12:00 GMT  in #Technical analysis #EUR/CAD #Fibonacci Retracement #Bearish Signals #Weaker Euro
Eur/Cad will probably break below 1.40 on a third attempt
On the weekly chart we find that the price is stuck below the 38.2% fibonacci retracement level
of the last big move up,
the MACD, and the RSI are both bearish, so the 50% retracement should be the next target for the pair
Eur/Cad weekly chart
For now, the pair is showing some sideways action, as it seems unwilling to break below important 1.40 level
there have been two attempt to break this level,
if the pair challenges the 38.2% fibonac…
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AdamFx42 30 Oct.

price remains basically the same

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