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NZD/CHF looking to test lower border of weekly channel

Nzd/Chf looks like it may try to retest the lower border of the weekly bullish channel once again
As we can see on the weekly chart of Nzd/Chf, the pair is currently inside a bullish channel
The RSI is lowering though, and looks to drop below 50 soon,
also the Stoachistic indicator has reached high levels and should turn down towards the line of divergence I have drawn
All this adds up to a retest of the lower border of the weekly channel again
Nzd/Chf weekly chart
On the daily chart we se…
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Price is holding above 61.8% fibonacci expansion level after reaching it,
I still expect the daily trendline to be tested though, around 0.7450

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AdamFx42 10 Dez

Daily trendline support has held the price up exactly as predicted on my daily chart,
price is just above target now

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CAD/CHF riding a bullish weekly channel up

Cad/Chf is moving up within a bullish channel
We see this channel on the weekly chart:
I drew the lower trendline and cloned that line and moved it up -- it fits perfectly and creates this bullish channel
Cad/Chf weekly chart
This is a true channel, and it will take some Cad weakness to break the lower border;
for now the price is near the lower border,
but the RSI is still bullish
and Stoachistic indicator shows bullish divergence
So there is reason to believe the lower border of the weekly cha…
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AdamFx42 10 Dez

Retest has broken the trendline support, price needs to return back in for any
bullish continuation to play out

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AdamFx42 29 Dez

Return within support area has helped the price recover and move up again,
now the price is running into resistance in the form of the 0.85 level,
my target just above seems in reach now, though

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AdamFx42 30 Dez

Break above 0.85 leads the pair close to my target
0.85 seems to be a likely support now, after the break, and it should end close to target

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Just 8 pips above target now

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missed by around 11 pips - good start to the new year prediction wise :-)

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GBP/JPY within a bullish weekly channel

Gbp/Jpy is clearly within a bullish channel if we look at the weekly chart;
the RSI is about neutral and the price is moving down to test the lower border:
Gbp/Jpy Weekly Chart
On the daily chart we can see the lower RSI indicating the move down
If we draw a fibonacci expansion level from our presumed bounce off the lower border
of the weekly trendline, or lower channel border,
the 61.8% fibonacci expansion target of that move lies above 1.77
Gbp/Jpy Daily Chart
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AdamFx42 19 Out

Lower border of weekly channel has been tested as I predicted,
price has pierced the level, but bounced hard - need continuation up now

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AdamFx42 30 Out

move back up is underway

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AdamFx42 10 Nov

Move up to 1.84+ has extended my prediction hugely, but support area around 1.77;
predicted target for the end of the month is still possible
and would be my bet for the next move of this pair

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