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EURUsd remains above 1.07

EurUsd has closed above 1.07 on Friday night

This looks good for Eur, and is a bullish sign to me
Retracement from recent highs has seemed to have been halted around this level
No deep retracement in the pair is a bullish sign
and I will be looking to go long Eur next week
good weekend all!
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Starting to add to EUR longs

My Eurnzd and EurAud longs are starting to go up
I have been long Eur since the beginning of the contest
I started off with EurUsd and EurChf longs and switched to EurAud and Eurnzd longs
My long positions are doing good now
and I am ready to add EurUsd and EurChf longs again
My strategy is based on EurUsd being at monthly support
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AUD and NZD looking bullish

Australian dollar and Nzd dollar looking strong today
I have been looking at the chartsof nzd and Aud
The currencies seem to be stronger, and bullish
My NzdChf position is moving up now, too - I am up to 40K again
Experience learns that especially Nzd will not stop if it is really on the move
I therefore expect more, and stronger moves up
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NZDCad below resistance and looking to break it

NzdCad has been stuck below resistance for a while now
On the weekly chart we see the highs in the pair that define the resistance line:
The rising trendline below is pushing the pair up towards the highs again
This is a rising wedge pattern- and is designed for a upward breakout to follow
It is therefore only a question of time before the highs are negociated
On the daily chart we see more evidence of bullish movement:
The rising daily trendline is much steeper and shows strong bullish moves
A …
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Pair has moved down to trendline support - should see a move up start here again

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Pair is up above 0.94 today - so trendline is holding - on its way towards resistance level around 0.95

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AdamFx42 15 Ago

Pair is testing trendline - if it holds we will see a move up

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AdamFx42 21 Ago

Price has broken below trendline but seems to be correcting up to retest that break
It was a steep rising trendline so a correction beow is not a problem to return to bullish

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AdamFx42 31 Ago

Price around 0.95 now - need a bit more strength to reach target at 0.9544

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USDJpy rejecting previous lows

UsdJpy has reached the lows for now and will turn up
On the weekly chart we can see that UsdJpy is holding above 61.8% fibonacci retracement of last move up
this should be a strong level and I think it will hold
It is clear now on the daily chart that the previous lows have been rejected
We see large volume on the initial lows and less volume on another push down towards these lows
This indicates that the market is exhausted bearish , a…
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Backed off a bit after hitting 114.5 - back down to around 113.6, now testing 114 again,
should break this time

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NFP coming up today - make or break time for the analysis - a move up is good, soft data will send the pair down again

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Pair is holding below 114 after weaker data on Friday - it is not moving down though, sideways action
A break above 114 could still happen

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AdamFx42 10 Mar

After some downtime pair is above 113 again - should move up faster soon

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AdamFx42 10 Mar

Break above 114 again - this is strong - back up after retracement
Expect to hold above 114 now - target is in sight now

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AUDUsd fundamentally recovering - technicals to follow

Aud/Usd has rejected the lows of 0.70 a couple of times now
Data releases out of Australia point to a recovering economy, so the pair should go up
(what can't go down must go up)
We see a break of a downward trendline on the weekly chart:
https://www.tradingview.com/x/7bJ1eFfa/
The trendline has now acted as support after the upward break, and should the pair bullish again
On the daily chart we can see some kind of closing wedge pattern forming above weekly trendline
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AdamFx42 22 Fev

Pair has broken above upper border/resistance as laid out on my daily chart- pattern breakout
AudUsd is now holding above this line/0.72, now to see if it will act as support, then the pair can start to move higher and take out previous daily highs above 0.7240

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AdamFx42 24 Fev

Pair has retraced back within pattern, and I expect lower support to hold (see daily chart)
This means pair should stay above 0.7110 and move up again for next breakout

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Holding above bottom trendline on daily chart after move up and retracement

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Price around target now - AudUsd looking bullish, broken above pattern and taking out previous highs

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My target on this pair has just been hit - that is a bit soon
I do expect AudUsd to rise above 0.73, so maybe it will retrace back to my target after that
or we may go down from here and back up

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Found a nice trade today

I have found a nice trade that I have executed today on Cad/Chf
I found a good trade to take when I was looking through the charts
Cad/Chf has a excellent buy setup, and looks like a trade to take
I am in 4.2 mil. long, and I will tell you why:
on the daily chart a wedge pattern has been broken to the upside
while daily trendline acts as a support below it - SL is below that trendline, which is only about 30 pips
Also we see a bullish divergence in the Stochastic indicator, which is a indicator …
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EUR/USD next target around 1.13

Eur/Usd is turning bullish on the charts
After the last sharp move up on the weekly chart, the pair looks to have turned from bearish to bullish now
Usually, before a major reversal like this is confirmed we will see a deep retracement before the next leg up
Let me first explain my next target for Eur/Usd with my weekly chart:
From the weekly move down at 1.40 the pair has yet to retrace to 38.2% fibonacci level
Stoch indicator shows a strongly moving bullish upturn that will grow
First 23.6% f…
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AdamFx42 24 Dez

Pair is back on the move up again - like I predicted. Challange of preevious highs is the next target now

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Oeps, back again to 50% retracent now - looks like retracement wasn't over - should be now though, I expect a move up when markets open again

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retracement has now hit 61.8% fibonacci retracement on daily chart, should be up from here again

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price action is following my prediction on the daily chart perfectly

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AdamFx42 15 Jan

Pair ready to challenge 1.10 now - I expect to be above this level next week

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Trading the Canadian releases coming up

The Canadian consumer price index - or CPI - figures are coming up
I decided to trade the last major piece of economic data coming out this week
I noticed in the market that traders are already buying Eur/Cad and Gbp/Cad before the release
as if they know what is going to happen??
I decided to go short both these pairs as they are higher now and near resistance levels
The Canadian spending figures should be good, as Eur and US figures where good too,
and there are no indications of a downfall th…
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Easy analysis on EUR/JPY as a strong move up

This is one of the easiest technical analysis' that I have had in a long while
Just look at the charts below and you will see what I mean
With the Fed almost certain to Taper next week
and the BOJ almost certain to need more easing next year, the path up is still solid for this pair
as a stronger Usd/Jpy will push the crosses up too
Technically, there is almost solely the obvious to see, let us start with the daily chart:
Look at that: A bullish channel right out of the tekstbook, supported by …
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AdamFx42 29 Dez

Still moving up within the channel - 145 has been broken now

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retracement to 142 seems done now - if Usd/Jpy continues back up, this pair will follow

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