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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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AdamFx42 avatar

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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USD/CHF to retrace back to 38.2% fibonacci retracement

Usd/Chf seems to have a top in place for now
and is on its way down to retrace from recent highs
On the weekly chart we can see the first bearish candle appearing for a while
The RSI is turning down, although it is still high
MACD looks to be topping out too
Usd/Chf weekly chart
A natural retracement for a bullish pair like this will be the 38.2% fibonacci retracement level
of the last weekly move up - this lies just above 0.93
On the daily chart we can see how we might get there
MACD has turned…
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peachynicnic avatar

thanks

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AdamFx42 19 Out

I don't know why I made this prediction - it must be purely technical...
Stronger Usd will lead this pair higher for now, only a breakdown in Usd/Jpy strength will bring it towards my target

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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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EUR/NZD held inside a wedge pattern and going down

Eur/Nzd is moving inside a weekly wedge pattern after the first failed attempt at a breakout;
the upper border of this pattern has been pierced but the price has remained below as we can
see on the weekly chart:
Eur/Nzd weekly chart
On the daily chart we see that the RSI is still high, but MACD signal has turned bearish;
the price may go down from this point,
or there may be another attempt at breaking the upper border of the wedge pattern
if the breakout fails, than the next target should be th…
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AdamFx42 30 Out

still the same  -- upper border holding, downmove seems to be starting up

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AdamFx42 10 Nov

Price has remained inside the wedge pattern as predicted, furthermore
daily 61.8% fibonacci expansion area has held the price on the first test as I predicted
and upper border of the weekly wedge then held price up again and price is currently
loooking to retest the 61.8% daily fib expansion now - I believe this will break

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AdamFx42 15 Nov

61.8% fibonacci expansion on the daily chart has broken and 100 % fibonacci is holding the price
above, as predicted - price is on target now - looking good

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AdamFx42 26 Nov

Price around 1.59 now- a little more Eur weakness, and/or Nzd strength should bring target within reach

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AdamFx42 28 Nov

On target now

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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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