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Start of a new trading month

AdamFx42 Publier 1 juillet dans #Trader's blog #Euro #AUD/USD #GBP/NZD

Good luck to all in the new trading month
With the contest prizes growing, it should be interesting this month!
I decided to short Aud/Usd today - but my SL was hit on that
I shorted Gbp/Nzd too, that pair is just way too high in my mind and should retrace,
I will let that position ride as long as possible
I am thinking of shorting Eur/Usd too, but I may change my mind about that

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GBP/NZD weekly head and shoulders leads it up

AdamFx42 Publié 13 oct comme Analyse sur GBP/NZD, Cible: 2.1222, Date: 1 de décembre, 12:00 GMT dans #Technical analysis #GBP/NZD #Head And Shoulders Pattern #Fibonacci Expansion #Strongly Bullish Signals

Gbp/Nzd shows a head and shoulders pattern on the weekly chart,
the pattern is still working and the ultimate target of this pattern is around 2.23 area
The RSI is very high, and the MACD is strongly bullish too, on the weekly chart
The pair has already pierced the 2.10 level and I believe it will be above those highs
at the beginning of December
Gbp/Nzd Weekly Chart
On the daily chart we can see that if the price stays above the last lows around 2.03
then the daily fibonacci expansion level of …

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GBP/NZD on its way back up to break 2

AdamFx42 Publié 18 aou comme Analyse sur GBP/NZD, Cible: 1.9987, Date: 1 de octobre, 12:00 GMT dans #Technical analysis #GBP/NZD #Higher Highs #Higher Lows #Weekly Uptrend #Fibonacci Expansion Targets

Gbp/Nzd is in a steady, but choppy uptrend and seems on its way back to 2
On the weekly chart we can see the trendline upward,
and we see that 61.8% fibonacci expansion of the previous move up has held the price down for now:
Gbp/Nzd weekly chart
On the daily chart, though, we see that the retracement now could be a low,
and that the pair is ready for a stronger move up - to break resistance of the move before;
the target of this move - if we take fibonacci expansion again - 61.8% is around prev…

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Making use of GBP retracement

AdamFx42 Publier 25 juillet dans #Trader's blog #GBP Retracement #GBP/NZD #NZD Weakness About To End

Today I opened a short position Gbp/Nzd after I noticed a double top forming in the pair
on the hourly chart, Gbp/Nzd had already tried to break above 1.99 two days ago
after the NZ data release accompanied by a dovish tone - Nzd took a dive across the forex board
Retracement down in Nzd should be about over now, though
as the reaction from the market was exaggerated - there are no serious problems in NZ:
data releases are still strong, there is only no need forrate hikes anymore
Combine this fa…

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AdamFx42's Blog

Start of a new trading month

GBP/NZD weekly head and shoulders leads it up

GBP/NZD on its way back up to break 2

Making use of GBP retracement