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USDChf moving back up above trendline

UsdChf should recover from its lows soon - lower trendline support looms
On the weekly chart we see a couple of levels that are important:
On the topside we see 1.03 as a resistance level
While on the downside we can see a rising trendline - the pair looks to test it
Price is moving down towards this level
On the daily chart we may investigate suspected moves:
Trendline support seems to be located above 0.96 area
If we take fibonacci expansion from the last move up and project it to this level
w…
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Pair is back up around 0.98 - exactly on target - so price action as predicted, trendline is holding

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AdamFx42 15 Ago

Trendline is at  0.96+ support - pair has retreated a bit from highs and is above 0.97 now  I expect rising trendline support to lead the pair higher again

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AdamFx42 21 Ago

support at 0.96 in doubt now

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AdamFx42 29 Ago

Support at 0.96 holds and pair moves up sharply because of recent UsdJpy strength above 100,
UsdChf now just around target area 0.98

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AdamFx42 31 Ago

More UsdJpy strength has helped this pair above 0.98 now - about 30 pips above target - some weakness at the end of the day may bring it down a bit

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AUDCad chance to break above 200SMA

AudCad has moved back up towards 200SMA
The pair is poised to break above 200 SMA, and 100 SMA which are converging on the same level
This is either an area of strong resistance, or a chance for the pair to break and move higher
The daily RSI - which is above 60 - supports the latter:
A break above 100 and 200 SMA would lead the pair towards the daily upper trendline,
which should act as resistance on initial touch
Fibonacci daily expansion level of last move shows a 61.8% expansion level above …
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AdamFx42 26 Ago

Indeed a move  back up - bounced off support nicely - near target now, and below 0.99 which should become resistance

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AdamFx42 29 Ago

0.99 is resistance indeed - pair just above 0.98 - is this will act as support I should end up near target

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AdamFx42 31 Ago

0.98 has acted as support, and I am now just below target - hopefully price can creep just above 0.9850 level (where it is now) and end up on my target

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Very close to target now - I am hoping it will stay here until 12:00 GMT ;-)

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Shame it would not hold around my target in the 2 hours - it closed about 13 pips higher, still very happy with this prediction though :-)

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GBP/USD back on the way up

Gbp/Usd is near the lower border of a long-term support around 1.48
We can see this best on the monthly chart:
Best entry for a long position would seem to be around 1.48, this point has been reached a couple of days ago
The support around 1.48 is holding and the move up should continue from here
Using the weekly chart we can predict a target level:
Fibonacci expansion level from the lows brings up up to around 1.55 on the weekly chart
The bearisch convergence on RSI and Stochistic predicted the…
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AdamFx42 29 Dez

1.48 support is looking good now - the only way is up

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Although 1.48 looks broken, I suspect this a false breakout and pair will open higher tomorrow

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price around 1.47 - I expect another false breakout down - price will correct

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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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AUD/NZD closing in on weekly fibonacci expansion level

Aud/Nzd is moving towards 61.8% Fibonacci Expansion level on the weekly chart
Both Aud and Nzd have weakened the last couple of weeks due to economic situations
Aud however, seems to be the weaker currency at the moment,
this is reflected in the Aud/Nzd chart
On the weekly chart we find a nice fibonacci expansion playing out - the 61.8% level
of the last move down seems to be a real target here,
the RSI_14 is below 40, and it point to another move down
Aud/Nzd weekly chart
As I write this …
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AdamFx42 28 Mar

support area has held the move down and we are moving up towards target area now

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Pair broke my combined support area, and came close to parity
Now move back up should follow, parity now support level

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AdamFx42 29 Abr

Support area turned out lower than I expected,
but as you can see on my daily chart the action continued after the lows as I predicted,
price is now exactly on my target

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AdamFx42 30 Abr

holding on target - just 10 pips below now

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AdamFx42 1 Maio

ended about 20pips higher - not bad

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AUD/CHF held down by strong resistance area

After a strong move up, Aud/Chf is likely to hold present level for a while
Like most other Chf crosses, the Aud/Chf cross has retraced back more than half of the losses
that occured when the Swiss removed the artificial peg holding down the currency
The move back up is stagnating the last couple of weeks, though,
and technical analysis indicates that a top may be in place
On the weekly chart I have a drawn the fibonacci expansion levels of the move
just before the peg removal, and we see that t…
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AdamFx42 28 Mar

Support area on my daily chart has held yhe price from dropping further, as I predicted,
a move up should follow now

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Support area established lower at 23.6% fibonacci retracement on my charts,
just before RBA interest rate decision -- Aud stays on hold, and up we go again,
now just above 38.2% support, expect a move up from here

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AdamFx42 29 Abr

Price has moved exactly as I predicted on my daily chart
We see that the strong resistance area that I drew has held the price below it,
and now the 50% fibonacci retracement level of the last big move down is acting as support,
keeping the price above 0.7624, and is on my target now  -- just 12 pips above target

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Fibonacci expansion support below for a bounce

Eur/Usd should bounce from strong area of support soon
The next strong area of support for the Eur/usd is a combination of fibonacci expansion areas
First of all, let us take a look at the weekly chart though:
The weekly Rsi_14 is extremely low,
the 100sma and the 200 SMA are well above current level, both around 1.30
I believe that the Eur/Usd is bound for a deep retracement upwards
If we look at the daily chart, I can see the first move up occur:
Eur/Usd daily chart
On the daily chart I …
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Retracement down again to 1.08 support, if it holds we go back up

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AdamFx42 29 Abr

Pair moving up strongly now -- but a long way to travel, target probably too far away,
1.115 will be hit soon, maybe next month

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AdamFx42 29 Abr

well, looks like I was right after all, it took awhile, but 2 days before the end of the contest my target is hit,  :-)
The strong support area I mentioned on my daily chart has acted as a catalyst for a move up
as I predicted  -- low definately seems in place now, and strong bounce has occured now

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AdamFx42 30 Abr

Hovering around 1.12 now, about 50 pips above my target
If I am lucky it will drop below 1.12 and end up around or on my target tomorrow

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AdamFx42 30 Abr

I would love to get this one right - this is by far the best prediction that I have made on this (difficult) pair ever, and I predicted this area it is now nearly two months ago

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AUD/USD down towards strong support area

Aud/Usd is on its way down towards a Fibonacci Expansion Target and good support area
Aud/Usd is bearish at the moment, as government is talking down the currency towards 0.82 level;
this is seen as a right projection of the currencies value in Australia
On the charts we see that the currency is weak at the moment against Usd,
and further decline is likely to follow
If I draw Fibonacci expansion level of the last bigger move - then the 61.8% level comes in just below 0.8450,
the last smaller mov…
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Price has broken below combination of resistance areas on weekly chart,
I thought it would hold for now - there is the chance that target has been overshot
due to fierce selling action, and then price will bounce back up towards target

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AdamFx42 10 Dez

Low came in around 0.8230 - now 100 pips higher, I guess that is a bounce off that level,
see if it can continue any higher towards target

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Bullish signs in NZD/CAD - some resistance to break

Nzd/Cad is on the way up, but resistance looms
On the weekly chart this pair has put in a near-perfect retracement of 61.8% fibonacci weekly retracement
from the last big weekly move up, price should move up again here to challange the highs, eventually
The last weekly move provides up with a fibonacci expansion level of 61.8% that is just above
weekly fibonacci weekly retracement level
You can see the combination of these two levels on the weekly chart - this is a support area now
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Price has tested daily trendline as I predicted and bounced back up,
a continuation of the move up will leave the trendline intact, and help my prediction
The first move up should break above the 61.8% fibonacci expansion level on the daily chart again

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AdamFx42 10 Dez

Although trendline was broken price is back up above it in a fiercely bullish move,
the 38.2% weekly fibonacci retracement that I drew out has stopped the move up
as I predicted, and price should fall a bit and bounce back up off the 61.8% fib expansion support now

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AdamFx42 16 Dez

Price has moved higher and above resistance area that i drew out on my daily chart
and is exactly on target now

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AdamFx42 29 Dez

Price remaining on target - 0.90 below should act as support now,
I think this should end up near to my target

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0.90 has acted as support - just 6 pips below target now

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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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