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GBP looking to breakout of downtrend

AdamFx42 Przesłąno 29 Mar  w #Trader's blog #GBP #Breakout #Downtrend
Gbp crosses are looking to breakout of downtrend as GbpUsd strength continues
GbpUsd is going up on its way to retest previous highs
At the same time GbpAud has broken a downtrend
It looks like traders are bullish Gbp
Lots of US data today - including the Yellen speech- does not seem to be expected hawkish
US is coming back on its promise to raise interest rates a number of times this year
I will be looking if 61.8% retracement of previous move down GbpUsd holds
This level is around 1.4340, and …
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AUD/USD on the down

AdamFx42 Przesłano 17 Sie jako Analiza AUD/USD, Cel: 0.9202, Data: 1 z Październik, 12:00 GMT  w #Technical analysis #AUD/USD #Cannot Hold Highs #Downtrend #Bearish Daily Channel
Aud/Usd has repeatedly failed to hold and/or break up to new highs
On the weekly chart we can now see that the pair is wavering and seems to be in trouble;
if 0.95 is the high for now on the weekly chart,
we may see another decline downward, possibly to form the right shoulder
of an inversed head and shoulder pattern around 0.88 in the long run:
Aud/Usd weekly chart
On the daily chart we can see what the price action predicts for the near-future;
the pair is currently in a bearish channel on the…
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4 Komentarze
AdamFx42 avatar
AdamFx42 17 Sie

For some reason my charts are wrong, here are the correct links:
weekly chart and daily chart: 

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AdamFx42 3 Wrz

Not much change in the price yet - I guess 0.95 will hold as a top, and price action
will move down sooner or later as there are no fundamental or technical changes

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AdamFx42 11 Wrz

Yes, there we go (down), everything is against Aud and it has overshot my target already,
bearish daily channel is correct and we may see a bounce up from lower border

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AdamFx42 16 Wrz

we have had a bounce up - but I am still shy of target

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