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USD/JPY still to challenge previous highs

Usd/Jpy still has to break previous highs I believe
There is a monthly target above 130:
The retracement down to 116 level not too long ago and the subsequent bounce has set the way
for a challenge of previous highs and a fibonacci expansion level points above 130 for the pair
Let us look at the weekly chart for more clues:
Weekly fibonacci expansion shows us a level above 124, if 116 can act as support
If the pair will break below 116 then these levels will change
On the daily chart we see the …
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AdamFx42 29 Dic

Pair holding above 120 for now - this is looking like support now

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no change yet, 120 still support

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price around 61.8% daily fibonacci retracement after breaking down 120

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if this level holds we go up again

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NZD/USD puts in a double bottom

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

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AdamFx42 19 Abr

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 Abr

Move above 0.77 now, 100 pips to go

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NZD/USD performing a round trip

Nzd/Usd is looking bearish at the moment, but strong support is holding it up
On the weekly chart we see a double bottom in place, this is a natural support for the pair
The weekly RSI-14 is low at the moment, which makes me believe this area may be retested,
or the price will at least move towards it again
Nzd/Usd weekly chart
To try and get a clearer picture of where the price action may bring us, I will use the daily chart
Here I have drawn the Fibonacci expansion level of the latest move,
an…
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Bounce from 0.7750 area as predicted - the 61.8% fibonacci expansion has held the move down,
the second shoulder of the predicted H&S pattern should be in place now,
a move up should follow from here

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AdamFx42 10 Dic

The pair saw a lot of action today after the RNZB interest rate decision
The hawkish comments sent the pair higher and it is near my target now,
so it is performing a round trip as the headline of my post suggests
The pair did retrace deeper than I expected to the downside, so the inverted head and shoulders
has not formed

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AdamFx42 16 Dic

Pair is holding just below 0.78 now - which seems to be acting as resistance

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AdamFx42 29 Dic

Nothing changed - pair still holding below 0.78

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AdamFx42 30 Dic

Break above 0.78 now - if it holds then I should be close

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AUD/JPY retracing to retest weekly channel

Aud/Jpy has broken above a weekly channel and should retest the upper border
after breaking out of a weekly channel in a very strong move up,
I expect this pair to show some retracement down
On the weekly chart I have drawn the Fibonacci retracement levels,
and the 23.6% first retracement level is the only one above the weekly trendline;
I would expect the retracement te end here - around 100,
because the combination of the upper border of the weekly channel and 23.6% weekly level is strong supp…
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Price has come down just below 100 to retest the breakout of the weekly channel as I expected
The combination of Fibonacci support, and the higher border of the weekly channel
has prevented the price from moving lower, price is above the 23.6% fibonacci retracement level
on the weekly chart, and price should start moving back up again now

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USD/CAD weekly trendline to be retested

Usd/Cad looks very bullish at the moment,
but some of the targets are close-by and may lead to the pair retesting the lower border of
the weekly bullish trendline
On the weekly chart we can see the bullish weekly trendline
and the weekly fibonacci expansion target of 61.8% just below 1.13
Usd/Cad weekly chart
On the daily chart there is another fibonacci expansion level of 61.8% of the last daily move
around 1.132 - just about the same level as the weekly target of expansion
These two levels tog…
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thanks

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AdamFx42 19 Oct

Price has already reached my predicted target of 1.1320, and bounced
Need a move lower to start now, for my target to work

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AdamFx42 30 Oct

target reached - it has played out as I predicted already - bit too soon
now is to wait and see if the price will be held between resistance and support areas

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AdamFx42 10 Nov

Price has gone higher than I expected - see if prediction still plays out,
support at 1.11 area is still the same

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NZD/JPY under bearish pressure

Nzd/Jpy has broken out of a bearish weekly channel to the downside
The retest of the lower border has left it below there, and has failed
The RSI and the MACD indicators are both bearish
and this puts a lot of bearish pressure on the pair
Nzd/Jpy weekly chart
The 100% weekly fibonacci expansion level has been broken to the downside too
and this indicates a further move down towards the 161.8% fibonacci expansion level
On the daily chart I have drawn the fibonacci expansion level of the last dail…
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GBP/CAD to challenge previous lows

Gbp/Cad looks ready to challenge (and break) previous lows
On the weekly chart the price action looks bearish, and a high looks to be in place
The 61.8% fibonacci expansion level of the latest weekly move lies around 1.76
where the previous weekly lows are too - this could be another attempt to break these lows
Gbp/Cad Weekly Chart
On the daily chart we see more interesting technicals:
the declining trendline is around the same level as the latest daily fibonacci 61.8% expansion level
which both…
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AdamFx42 30 Oct

need price to break below weekly 23.6% fibonacci retracement before a further move down

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AdamFx42 15 Nov

Finally in a strong move down the price has reached my target area
Weekly 61.8% fibonacci expansion level is holding the price above it for now,
it will probably be retested and if price remains around here I am good

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AdamFx42 26 Nov

Price remains below 1.77 for now - see what happens this week,
a break above that level will probably move the price away from my target again,
while if it continues to hold - 1.77 will form resistance and price will drift lower towards my target area

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CAD/CHF riding a bullish weekly channel upwards

Cad/Chf should end up higher after testing the lower border of the weekly bullish channel it is in
On the weekly chart we see that it is a textbook example of a weekly bullish channel,
also the weekly MACD and RSI are both bullish
Cad/Chf weekly chart
On the daily chart I have drawn the predicted price movement:
the fibonacci expansionlevels of the last move indicate some resistence levels that the pair may encounter
The pair is on its way down towards the lower border at the moment;
as the MACD…
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AdamFx42 19 Oct

Pair has broken below weekly supportline, so unless it returns back in weekly channel this prediction will not hold

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AdamFx42 30 Oct

testing lower border weekly channel now

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Weekly trendline support for AUD/NZD

Aud/Nzd still looks definetely bullish
MACD and RSI are both bullish on the weekly chart
and the price is now supported by a weekly bullish trendline
The 61.8% fibonacci expansion level of the last weekly move should be the next weekly target
and it lies above the previous highs at 1.1335
Aud/Nzd weekly chart
On the daily chart we find that the 61.8% fibonacci expansion level of the last daily move
coincides with the lower border of the weekly trendline
and this combination should strengthen sup…
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AdamFx42 19 Oct

Weekly trendline has indeed held the drop in price as I predicted
1.10 is now still support area  and the price should move up towards target here

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AdamFx42 30 Oct

Price moving as predicted now - up towards target area, and has already taken out previous highs

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Price has tested trendline and bounced back up - looks to retest it again now,
hopefully the move up will follow then

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AUD/JPY supported by weekly bullish trendline

Aud/Jpy is moving down towards the lower border of the weekly trendline right now
The MACD and the RSI are both bearish
and the price has just broken below the 38.2% fibonacci retracement level again
We see all this playing out on the weekly chart
Aud/Jpy weekly chart
On the daily chart we can see that the 100% fibonacci expansion area of the last move down
and the lower border of the trendline form a support area together at a certain point;
I believe this support area will hold the price,
then…
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AdamFx42 19 Oct

Lower trendline weekly has indeed been tested and has held the price drop as I predicted,
the bounce up is strong and price will probably move higher and then retrace again

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