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Going long UsdJpy

I decided to pull the trigger today on UsdJpy
I was waiting to go long EurUsd at a nice level yesterday,
or short UsdJpy around 114
I missed my entry buy limit by 10 pips on EurUsd
Today I noticed that UsdJpy fibonacci retracement had touched an interesting level
I decided to go long there, with a stop below
If all goes well I should make a few pips here on a bounce
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AUDJpy moving down in extended bearish weekly channel

AudJpy is in a weekly bearish channel and moving towards lower trendline
On the weekly chart we can see the bearish channel:
Price is moving down now, and shows a strong bearish weekly candle
I expect a lower price in AudJpy next month
On the daily chart we can figure out when the downside might hold:
A double top has formed on the daily chart indicating a high is in place
Price of the pair has broken below the rising trendline, and below SMA's
MACD and Stoch are both bearish - I expect a sharp …
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AdamFx42 3 Aug.

Pair is slowly moving down towards projected target - 61.8% fibonacci expansion level

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AdamFx42 5 Aug.

Strong US data and subsequent higher UsdJpy have sent AudJpy back up too 77.5 area, will have to see whether Usd weakness (or Jpy strength) returns

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AdamFx42 15 Aug.

No change yet

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AdamFx42 21 Aug.

Price moving down slowly now - need more UsdJpy weakness to reach target, I guess

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AUDChf retracing down within a weekly bullish channel

AudChf is retracing downward within a weekly bullish channel
AudChf seems to be rising within a weekly bullish channel:
MACD and Stoch indicators point to bullish action, and price of the pair holds above moving averages
(I use DiNapoli 3x3, and 25x5 SMA's)
If we take a look at the daily chart:
We see clearly that previous highs were not taken out - indicating a pullback or retracement
I expect the pair- because it is bullish - to retrace to natural 61.8% fibonacci retracement
before a move up a…
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AdamFx42 3 Aug.

Pair is moving exactly as predicted - 61.8% fibonacci retracement held the move down around 0.7250, and now AudChf is back above 0.7350 already - will see more upside probably

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AdamFx42 5 Aug.

Price is up to 0.7450 now - this is where I expect to see some retracement back down

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AdamFx42 21 Aug.

Retracement back down indeed, and price holding just below target now - need 0.73 to act as support now

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AdamFx42 29 Aug.

Bit above target now - 0.73 is obvious support, pair near 0.74now, see if it acts as resistance

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AdamFx42 31 Aug.

Price just below 0.74 - about 50 pips above target

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USDJpy testing 2014-2015 support levels

UsdJpy is back down at mid 2014 levels
Looking at the weekly chart we find UsdJpy back at 2014-2015 lows:
The pair is testing previous weekly lows, although we now already can identify an upward trendline
Technically, this is an important level for the bulls - will the pair move back up again?
I believe the test of this important level will take a while, but 100 should hold
If we look at the daily chart we might see how it will play out:
The trendline on the daily chart will most likely be broke…
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AdamFx42 5 Aug.

UsdJpy has broken below daily trendline as predicted and bounced off 100.60 level after some strong US data today - price action is as I set out in my prediction

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AdamFx42 15 Aug.

After a initial move up to my target area at 103, pair has now retraced back to 101 level. This is normal retracement and UsdJpy is following the moves that I predicted on my chart - I expect 101 to act as support now and pair should test 103 again soon

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AdamFx42 21 Aug.

Support around 100 being tested - pair looking weak though

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AdamFx42 29 Aug.

It has been a long battle but 100 holds, pair back up above 102 now, moving towards target 103

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AdamFx42 31 Aug.

Very happy with my prediction - price has crept up to my target on the last day - I just hope it can hold here

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EURUsd to retreat once more

Based on the charts I see EurUsd retreating down once more before a rise
If we look at the weekly chart we see that the pair is still to retrace back up from its weekly move down from 1.40
Pair has not touched - even - 38.2% retracement yet at 1.18 area, and should eventually reach 50, or 61.8% (at least)
This is normal retracement for EurUsd - at least 50% before any intended move lower
And if the low is in place - then 1.40 will be taken out eventually..
On the weekly chart we also see a upwar…
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AdamFx42 3 Aug.

After a move up yesterday - Eur is on the way down now towards 1.11

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AdamFx42 5 Aug.

pair put in a low just above 1.10 today after strong US data - now trading back up at 1.11 again,
further weakness is to be expected, though

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Buying EUR and AUD at support

I opened long positions in Eur/Usd and Aud/Usd today
A buy limit in Aud/Usd that I had set yesterday was triggered today:
the pair was on the way down and came close to daily trendline support
I went long
I noticed that Eur/Usd had retraced to 61.8% fibonacci from the last move up, too
I decided to go long here too, also because overall daily trend is still bullish
Eur/Nzd and Eur/Aud were also at 61.8% dfaily fibonacci retracement
and I went long these two pairs too
Aud and Eur/Usd stayed flat …
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Presuming that a top is in place in GBP/USD

Suppose there is a top in place in Gbp/Usd, where would the price go from here,
obviously down - but how far, I have an Idea:
First of all a look at the daily chart:
Presuming a top is in place, I have drawn a Fibonacci retracement from the last move up,
daily RSI-14 is still well above 50 at the moment so there is room for a move up, and this analysis would be wrong
But if a top is in place the first natural retracement area should be a 50% Fib retracement,
this is also where the SMA50 line is …
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VikaChechenkova avatar

You are very smart!!!!

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AdamFx42 25 July

My target has been reached already - downside was quick

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AdamFx42 1 Aug.

looking for retracement back up now that 1.69 has been broken to the downside

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AdamFx42 12 Aug.

Some big data coming out tomorrow - maybe the start of a move up

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USD/JPY destined to break below 100 sooner or later

There is a nice setup on the Usd/Jpy charts
I will take you to the weekly chart right away to show you:
As we see RSI-14 has dropped below 50 on the weekly charts, making the sentiment on Usd/Jpy bearish,
this coincides with recent talk among traders of larger retracement down, stronger Japanese data releases
and a weaker US policy and dollar
Technically, Usd/Jpy has also pierced SMA 50, indicating a break below soon;
first logical target now seems to be 50% retracement of Fibonacci retracement …
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AdamFx42 25 July

Downside seems well bid for now - I think we will see another attempt at 100 soon, thoughas 100.8 resistance has held the move up again There is now a strong downline trend on daily chart

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Another move back up

Technically Gbp/Aud seemes due for a move back up again
after putting ina low around 1.77 for now, and moving back up strongly to 1.81
Gbp is still a very strong currency and Gbp/Usd may still challenge 1.7 in the near-future
On the daily chart of Gbp/Aud we see the rejection of the lows and a bullish convergence
on the stochastic indicator:
If we draw a fibonacci retracement of the last move down on the daily chart
the 61.8% retracement, which would be a natural retracement in a bullish market …
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AdamFx42 10 May

With Gbp/Aud around 1.8 now, we will need to see a weaker Aud for a fast move up

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AdamFx42 17 May

very deep retracement seen down to 1.78 area - a break above 1.8 soon is my only hope to accomplish target area now

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AdamFx42 20 May

Aud weakness made the pair shoot up to 1.82 - still about 200 pips to target though

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