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NZD/CHF showing a potential weekly head and shoulders pattern

Nzd/Chf seems to be under pressure as a potential weekly head and shoulders pattern is visible
The RSI is low and the MACD indicates a bearish move
This combination makes it likely that the trendline on the weekly chart
may be broken to the downside:
Nzd/Chf weekly chart
On the daily chart we see how this may happen
and we can show you a target area:
Nzd/Chf daily chart
The daily bearish trendline is holding the price below it and will push it below the weekly bullish trendline
the RSI is low an…
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Weekly trendline still holding price action above it
but it looks like it will not hold the price movement down - it is being tested for the third time in a month now
The next move will involve the playing out of the Head and Shoulders pattern if it breaks,
and the daily 61.8% fibonacci expansion is still in play too,
which should hold the price above 0.73 if trendline breaks

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GBP/NZD weekly head and shoulders leads it up

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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Monthly trendline and Daily Head and Shoulders for CHF/SGD

First thing that I noticed about this pair was the beautiful trendline up on the monthly chart:
Chf/Sgd monthly chart
I don't think that this trendline will be broken to the downside any time soon,
because CH are keeping their currency down
The pair is currently bearish, and that could have to do with a Head and Shoulders pattern on the daily chart:
Chf/SGD daily chart
The target of this pattern is around 1.35, and has not been reached yet,
the target area is still way above the monthly trendlin…
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AdamFx42 27 Sie

It is cool, isn't it?  -- predicting the future  :-)
I think what you do is cool -- gogo girl  +1

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Price has barely moved at all yet - still I can wait  :-)

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AdamFx42 11 Wrz

I guess I was right - daily pattern is completed,
the price is now just 6 pips below my target

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AdamFx42 16 Wrz

price holding just above my target now - still good :-)

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AdamFx42 23 Wrz

price still holding just above my target - just a little higher now - about 20 pips

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