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EUR/USD low in place

AdamFx42 Posted 19 Apr. as Analysis on EUR/USD, Target: 1.1071, Date: 1st of June, 12:00 GMT  in #Technical analysis #Double Bottom #EUR/USD #Fibonacci Levels #Bounce
Eur/Usd low is in place -- it is up from here
Here it is: short and sweet -- Eur/Usd is going up
Draghi has said that selling the Euro now is pointless
We have a double bottom on the daily chart -- 1.05 is support
We see this on my first daily chart
Eur/Usd daily chart 1
The only thing to do is to predict the action upwards
On my second daily chart I have used the lows to calculate the Fibonacci expansion levels
I have also put in the Fibonacci retracement levels of the last big move down
You ca…
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AdamFx42 20 May

Support area - former resistance area on my Eur/Usd chart 2 - is being broken as I write
Price falling below 1.11 now and on target - resistance area chart 2 now back in play

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AdamFx42 22 May

Pair is now coiling around previous support and resistance levels, holding above 1.1050 which is now support (broken previous daily highs)
I hope this level is tested again so I may end up nearer to my target,
but I also hope it holds because a move below this level could take me away from my target again
Due to weakness last week and ECB it does seem unlikely we see a move up

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AdamFx42 22 May

1.1050 support broken and acting as resistance now -- 1.10 is support for now

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AdamFx42 25 May

1.10 broken now, too  -- I guess it will act as resistance if the pair intends to continue lower,
if that does not happen soon we will probably see a break above 1.10 this week
and maybe some sideways action until a direction can be found

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AdamFx42 29 May

Support is now at 61.8% daily fibonacci retracement around 1.085
Pair has bounced from there and is heading back up towards 1.10 at the moment
I hope Eur/Usd will break above 1.10 today to give me a chance

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NZD/USD puts in a double bottom

AdamFx42 Posted 24 Mar. as Analysis on NZD/USD, Target: 0.7819, Date: 1st of May, 12:00 GMT  in #Technical analysis #Double Bottom #NZD/USD #Fibonacci Expansion Levels #Previous Highs #Stochastic Indicator
Nzd/Usd has put in a double bottom on the weekly chart, and looks very bullish
The pair looks to have recovered quickly from lows around 0.72, and is moving up fast
On the weekly chart we see the double bottom, the stochastic indicator pointing up sharply
and the price has already broken previous highs as I type this
Nzd/Usd weekly chart
On the daily chart I have set out the fibonacci expansion levels of the double bottom,
the 100% fibonacci expansion level lies just above previous daily highs a…
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AdamFx42 28 Mar.

The pair has bounced back from the 100% fibonacci expansion for now,
as I predicted and drew on my daily chart
I expect 61.8% level to act as support for the next move up now

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AdamFx42 3 Apr.

Support area has held the move down almost exactly as I drew out on my daily chart
and pair is back up challenging 100% fib expansion again,
the strong move up now should lead to a break of the level

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AdamFx42 8 Apr.

Exactly as I predicted is the price action now -- i hope it ends up well

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AdamFx42 19 Apr.

The pair has broken above the 100% fibonacci expansion level now
It should be clear towards my target on the daily chart now

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AdamFx42 29 Apr.

Move above 0.77 now, 100 pips to go

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A double bottom for NZD/USD as support

AdamFx42 Posted 13 Oct. as Analysis on NZD/USD, Target: 0.7941, Date: 1st of December, 12:00 GMT  in #Technical analysis #Double Bottom #NZD/USD #Daily Fibonacci Support #Fibonacci Expansion Target
Nzd/Usd shows me a double bottom on the weekly chart;
this indicates to me that a move up should follow
On the weekly chart we can see the double bottom in place
which is followed by a huge bounce from the low level,
this indicates that the price will move away some more from the lows
Nzd/Usd weekly chart
On the daily chart the last move up provides us with fibonacci retracement and expansion levels
the fibonacci retracement level of 61.8% should act as support and lies just above 0.78,
the fibo…
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AdamFx42 19 Oct.

Resistance has been tested just below 0.8 already, and a move down towards support is on its way

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AdamFx42 30 Oct.

price is moving along sideways above support area as I predicted

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AdamFx42 5 Nov.

A lower low has been put in - making the weekly double bottom a slightly different pattern
but the first low has held the price above this latest low, and move up is still very possible

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AdamFx42 10 Nov.

Low in at around 0.765 now - price back up to 0.78 at this time - looking ready for a higher move up
Bullish sentiment on the pair now - ready to challenge 0.8 again and reach my target

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AdamFx42 15 Nov.

Price is moving up towards 0.80 now and 0.79 broken to the upside,
if it moves sideways around this area - above 0.79, my prediction will be perfect

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CHF/JPY ready for a leg higher

AdamFx42 Posted 17 Aug. as Analysis on CHF/JPY, Target: 115.2937, Date: 1st of October, 12:00 GMT  in #Technical analysis #Double Bottom #CHF/JPY #Fibonacci Expansion #Breakout Of Daily Downtrend
On the weekly chart Chf/Jpy has put in a double bottom,
and the fibonacci expansion target on the weekly chart of 61.8% is around 122
for the long-term target:
Chf/Jpy weekly chart
On the daily chart we find that the pair has broken up through the daily downtrend-channel
and any move up from here seems without resistance,
so a strong move upward seems to be building
On that note a possible target would be the 61.8% fibonacci expansion line
of the last daily move up,
which lies around 105.7, and …
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AdamFx42 11 Sep.

Weekly double bottom has held, retest of daily trendline has held,
price is moving up at this moment - need another 100 pips up

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AdamFx42 16 Sep.

price is steadily moving up - challenging 1.15 now

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AdamFx42 23 Sep.

price has taken out my target and broken 1.15, need a little retracement now

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AdamFx42 29 Sep.

looks like support is forming around 114.8/115 - just 10 pips from target now

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AdamFx42 1 Oct.

Price is just a little too low - there is resistance just above 115 now
If Usd/Jpy can break 110 before 12:00 gmt I might get my price target

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First technical target NZD/JPY to be made

AdamFx42 Posted 14 Dec. as Analysis on NZD/JPY, Target: 86.5000, Date: 3rd of February, 12:00 GMT  in #Technical analysis #Double Bottom #NZD/JPY #Fibonacci Expansion #Resistence #W Pattern #Rsi 14 Weekly
Nzd/Jpy has been the focus of attention for many traders now for the last couple of months - since it broke 80
There has been a very strong move up the last two years, as you can see on the monthly chart
and technical analysis points to a ultimate target of 92, after breaking of 86 area
Let's look at the monthly chart:
Just look at the fibonacci expansion here, I will clarify the rest in the weekly chart after this
The latest move up and recent retracement gives us a 61.8% Fibonacci Expansion ar…
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AdamFx42 12 Jan.

Pair now holding around 86.3 - still unable to break strong resisance area - if Usd strength returns we should see 86.8 soon

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AdamFx42 14 Jan.

Break of resistance at 86.8 done - now looking for retracement back to 86.5 to complete my analysis

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AdamFx42 17 Jan.

Retracement happened as I expected, now to hold around/above 86

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AdamFx42 21 Jan.

Bounce back up to 87 on stronger dollar - still holding in the right area, little retracement down expected

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AdamFx42 28 Jan.

big correction down now because of yen strength- back up to 85 today, and may continue up due to nzd strength

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Strong Case for EUR/USD descent to 1.32 area

AdamFx42 Posted 8 Nov. as Analysis on EUR/USD, Target: 1.3218, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Double Bottom #EUR/USD #Fibonacci Retracement #Low Rsi #Strong Downward Action #Weekly Support
Eur/Usd is giving us telling information about the price action after yesterday's surprise cut in rates
Fundamentally the pair will be hurting for a while, as investors will move to USD and other currencies,
technically the pair has shown it may be en route to weekly support around 1.3196
On the weekly chart we see a double bottom that has allowed the pair to move higher the last few months,
but now we see clearly some kind of deeper retracement in action,
the downside was held yesterday by the …
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AdamFx42 20 Dec.

Eur/Usd has moved up much higher than I expected, and although retracement seems on now - I think it will stall around 1.36 for now

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AUD stronger coming months

AdamFx42 Posted 11 Sep. as Analysis on AUD/USD, Target: 0.9543, Date: 1st of November, 12:00 GMT  in #Technical analysis #AUD/USD #Double Bottom #Bullish #Technical Analysis Au/USD #Strong Rsi
As we can see on the weekly chart Aud is moving up to Fibonacci resistence of 38.2% of the last move down - this is around 0.95, there should be some strong resistence there before the pair can move up again - I expect the pair to be there until at least novemberOn the daily chart it is clear how the pair will move up - strongly bullish RSI, and we also find that the pair has formed a double bottom on this chart, that is a bullish indication, all in all I see a good move up the coming weeks stop…
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AdamFx42 18 Sep.

Target has been hit already, need some retracement and back up now

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AdamFx42 9 Oct.

retracement is done and move back up is in completing stage - should brake 0.95 before too long,
all is going to plan

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AdamFx42 17 Oct.

Overshot target - but a pullback seems in order, so it is still looking good

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AdamFx42 23 Oct.

After reaching a high above 97 yesterday, the pullback may well go below 96, which would be good

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AdamFx42 27 Oct.

If the beginning of the week is slow like expected and further retracement down follows, I will be exactly right in my prediction - we shall see...

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