AdamFx42's Blog

Avatar

EUR/USD holding up supported by Trendline

Eur/Usd shows a clear trendline up on the weekly chart that supports rising price action
On the daily chart it is possible to predict the target of next move up with the help of Fibonacci Expansion levels
taken from the daily and the monthly charts
Firstly, on the monthly chart we can see sideways moving price action, but we clearly see the price
moving up on the monthly chart at the moment;
if we take the Fibonacci Expansion level of 61.8% of the last move on the monthly chart,
we get a target …
Read full story
Translate to English Show original
AdamFx42 avatar
AdamFx42 1 Feb.

The pair has hit a crucial retracement level - it is either up or down from here
My prediction will only hold if it bounces hard here

AdamFx42 avatar
AdamFx42 13 Feb.

Well, bounce up happened, still a long way to go

AdamFx42 avatar
AdamFx42 25 Feb.

A break of previous highs is needed to accomplish target area

AdamFx42 avatar
AdamFx42 16 Mar.

Daily trendline is holding, and my target is almost accomplished now

orto leave comments
Avatar

GBP/JPY retracing but move up seems to be next

I believe that Gbp/Jpy will be moving back up soon as retracement level that is nearby is strong
On weekly chart we see a strong bounce from 23.6% Fibonacci levels from latest moves up,
this level also contains a 61.8% Fibonacci Expansion level from the latest move down
that I have drawn on the Daily chart
On the weekly chart you can see the trendlines that are holding price action up and that could act as support
for any real retracement that follows the top Gbp/Jpy has put in place now
The ste…
Read full story
Translate to English Show original
AdamFx42 avatar
AdamFx42 1 Feb.

retracement down has also been completed - 166 area should hold as support, it is up from there

AdamFx42 avatar
AdamFx42 13 Feb.

It still looks about right to me - looking for 172-173 area this week

AdamFx42 avatar
AdamFx42 20 Feb.

retracement down to 169 now, need USD/Jpy strength to bring it up

orto leave comments