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EURUsd holding its ground

EurUsd retracement could be over
EurUsd seems to be holding above 61.8% fibonacci retracement on the 4hr chart since yesterday
I am long EurUsd if this level holds
as I believe the pair is bullish after another test and failiure to break below
1.05 monthly support level last month
Currently I am long EurNzd, and EurAud as Nzd and Aud seem to be weaker pairs
These crosses are already up a bit today
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GBPUsd seems to be recovering after Brexit

Lows for GbpUsd seem to be in place at around 1.28
On the daily chart we see the huge drop after the Brexit vote
The lows were hit around 1.28, and now the pair seems to be moving back up again
MACD and Stoch (both DiNapoli based) show the pair is bullish,
and price action has broken above DiNapoli 3x3, and is looking to test DiNapoli 25x5 from below
If we zoom in on the action on the 4Hr chart we can also see a pattern:
A closing wedge pattern is forming and a breakout in GbpUsd should follow
I…
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GbpUsd already moving up much higher to 1.33 area from below 1.31  - recovery is on

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After the BOE decision GbpUsd has fallen sharply again and was pushed down further by strong US data today - 1.3 has held as support for now

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EUR/USD completing technical setup long after Fed rate hike

The Fed rate hike is setting Eur/Usd up for the perfect long entry
It seems that the Usd was priced in before the rate hike today, as the markets hardly moved on the decision
Eur/Usd is becoming very interesting now
I wrote about a healthy retracement in Eur/Usd in the technical analysis a few days ago
It would seem that the Usd move up - and subsequent Eur retracement will provide such a move
If a currency - like the Eur/Usd now - shifts from bearish to bullish, then retracement should come fir…
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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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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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AUD/CAD moving towards lower border broadening wedge pattern

Aud/Cad is still within a broadening wedge pattern on the weekly chart
Price action has the pair heading for the lower border of this broadening wedge pattern again,
and a break below the 61.8% fibonacci support level of the last weekly move up supports this
We also see that there is bearish divergence if we use the Stoachistic indicator
Aud/Cad weekly chart
On the daily chart we can see that the price is moving back up at the moment,
this could indicate a retest of the broken fibonacci level
If…
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AdamFx42 29 Nov

The low RSI on the daily chart indicates that the current move up could indeed fail at the fibonacci retracement level that should act as resistence now

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Price is testing lower border of the trendline support as I drew out on my daily chart,
The support area - combination of 61.8% fibonacci expansion level and the bounce up from trendline
should slowly bring the price up higher

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AdamFx42 10 Dez

The support area I mentioned on my daily chart has indeed stopped the move down,
price is moving as I drew out
The bounce brings the price towards my target area

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AdamFx42 16 Dez

Price still moving up after the bounce - now breaking above 0.96,
just 30 pips below target now

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Next technical target around 1.23 for EUR/USD

Eur/Usd is still showing little sign of recovery, and remains bearish
The next technical target for this pair is around the 1.23 level - as I shall explain
On the monthly chart we can see a wedge pattern, and lower border support growing near:
I believe this lower border will be eventually challenged:
Eur/Usd monthly chart
On the weekly chart we can see the fibonacci retracement levels of the last big move up,
we also see that the RSI is low, and MACD signal is bearish
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AdamFx42 15 Nov

Eur/Usd has reached a low of 1.2358 on the charts before bouncing
Currently just above 1.25 - expect it to dip below here soon

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AdamFx42 26 Nov

Back below 1.25 now, and it seems that level is resistance now - if support remains in place
around 1.24 then price will remain around my target area

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Missed by about 16 pips

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This is by far my best prediction on Eur/Usd though, so I am happy
Price action followed my daily chart prediction almost to the letter,
I must be getting better at this  :-)

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Great technical analysis

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Next target lower for EUR/JPY below trendline

Eur/Jpy is on the way down,
on the weekly chart we see a formation of three bearish candles indicating a further move down
The pair has broken through the 61.8% retracement level of the last weekly move up,
and has taken out the 61.8% fibonacci expansion level of last move down
A lower trendline will probably be broken by this price action,
leading the price further down to the 76.4% fibonacci retracement level
Eur/Jpy weekly chart
On the daily chart we see the price action as I believe it will …
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EUR/CAD to break below 1.40 soon

Eur/Cad will probably break below 1.40 on a third attempt
On the weekly chart we find that the price is stuck below the 38.2% fibonacci retracement level
of the last big move up,
the MACD, and the RSI are both bearish, so the 50% retracement should be the next target for the pair
Eur/Cad weekly chart
For now, the pair is showing some sideways action, as it seems unwilling to break below important 1.40 level
there have been two attempt to break this level,
if the pair challenges the 38.2% fibonac…
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AdamFx42 30 Out

price remains basically the same

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Bullish Engulfing weekly candle still playing out in EUR/AUD

Eur/Aud is still moving higher after a weekly bullish engulfing candle
The RSI is still slightly bullish, and MACD has a bullish signal at the moment on the weekly chart
This leads me to believe that the price will move higher
and should first challenge the 23.6% fibonacci retracement level of the last weekly move up,
if the 38.2% retracement level will hold any move down:
Eur/Aud weekly chart
On the daily chart we see a higher RSI, that is more bullish
and the MACD signal line is about to cross…
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AdamFx42 19 Out

Price is moving up slowly towards the 23.6% fibonacci weekly retracement level
just as I predicted it would - nice

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Target area was almost touched, and then came a deep retracement down and now a move up again
The 38.2% weekly fibonacci retracement which was broken to the upside has been retested with the move down to 1.4215 - a strong bounce back up has followed and we should be in line for my target now

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