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EUR/USD low in place

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 turning bullish after recent weekly low

Nzd/Usd is turning bullish as several indicators and the price action suggests
On the monthly chart we find that there is sideways action in the pair,
and it seems that the price is bottoming out near the lower border of the monthly sideways channel
Stochastic seems to be turning up here, while RSI-14 remains below 50
Nzd/Usd monthly chart
The weekly chart provides some very interesting facts:
both the RSI-14, as well as the stochastic indicator show bullish divergence
while price action does no…
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AdamFx42 16 Jan.

After a bit more bearish sentiment, pair is finally holding above 0,78
Need another bullish move towards o.79 to confirm turnaround in sentiment,
and acknowledge my prediction

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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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AdamFx42 4 Dec.

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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AUD/CAD to be defined by broadening wedge pattern

Aud/Cad has broken out of a weekly channel pattern to the downside
but seems now supported by a bearish trendline after a first retest of the lower border of said channel
On the weekly chart we can see this price action, the channel and the trendline
We also see that MACD is bearish, and RSI is low - there may be a reversal coming soon after these lows
Aud/Cad weekly chart
On the daily chart we see a contradiction in the MACD and RSI,
where RSI is low here, too, but MACD has become a bullish sig…
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AdamFx42 19 Oct.

This prediction is playing out as I expected:
The broken weekly trendline has been retested, and it has held the price below
which has set the basis for the newly formed wedge pattern -

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AdamFx42 30 Oct.

Pair has tried to break back into the weekly channel but has failed - indicating that the weekly trendline lower border is indeed holding the price below
Lower border of trendline down = lower border broadening wedge pattern has acted as support,
so we are indeed inside the broadening wedge pattern now

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AdamFx42 5 Nov.

Price has bounced off the broken weekly trendline I mentioned and is moving down to the lower border
of the broadening wedge pattern - to lower border/daily support line

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AdamFx42 10 Nov.

Price remains inside pattern as 0.97 turns to support now - low in place for the moment
Price slowly moving above 0.98 towards prediction area

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AdamFx42 15 Nov.

Price is still following my prediction to the letter and I am on target now
upper border of the broadening wedge is holding the price below 0.99 for now,
and support is building up around 0.98

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