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NZDChf weekly upward channel

NzdChf is in a weekly uptrend and bullish at the moment
The weekly chart shows us the uptrend in NzdChf:
The fibonacci expansion of the move up within the channel is clear,
61.8% fibonacci expansion has been broken but price has returned back from the trendline
This retracement should lead to another move up
On the daily chart we might find our target area:
A rising trendline on the daily chart (green line) seems to be supporting the price
This leads it back to the 61.8% fibonacci expansion leve…
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AdamFx42 15 Sie

Still holding trendline support - expect a move up soon

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AdamFx42 21 Sie

Price has broken below daily trendline now - let's see if it can correct back above again

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AdamFx42 26 Sie

Move back up above trendline support - almost on target again

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AdamFx42 31 Sie

Price of the pair holding nicely above 0.71 now - just 20 pips below my target, support and resistance levels were correct in my prediction and I am hoping to hit my target tomorrow

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Missed by only 4 pips - nice

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NZD/CHF backing down from 61.8% weekly fibonacci retracement

Nzd/Chf is topping out after retacing 61.8% on weekly fibonacci level
After the Swiss pulled the rug out from under their currency,
all pairs have been climbing back up - recovering from the huge drops they made
Nzd/Chf has reached 61.8% weekly fibonacci retracement level,
and will probably start to fail, and drop back down from here - RSI_14 is around 50
Nzd/Chf weekly chart
On the daily chart we can see that the Stochastic indicator is showing bearish divergence
- the price is moving up, but …
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AdamFx42 28 Mar

pair is looking weak, but not much happening yet

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pair has now moved down to 50% fibonacci retracement on my daily chart and is holding just above
Need this level to break for a move towards my target and next fibonacci level

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Target was almost hit a couple of days ago, as i predicted
but now the pair is moving back up strongly above 50% fibonacci retracement level
I will need a change in nzd sentiment for another move down

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AdamFx42 30 Kwi

Nzd has retraced from the top against usd and the move has brought Nzd/Chf down, too
Just 30 pips above target now

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NZD/CHF looking to test lower border of weekly channel

Nzd/Chf looks like it may try to retest the lower border of the weekly bullish channel once again
As we can see on the weekly chart of Nzd/Chf, the pair is currently inside a bullish channel
The RSI is lowering though, and looks to drop below 50 soon,
also the Stoachistic indicator has reached high levels and should turn down towards the line of divergence I have drawn
All this adds up to a retest of the lower border of the weekly channel again
Nzd/Chf weekly chart
On the daily chart we se…
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Price is holding above 61.8% fibonacci expansion level after reaching it,
I still expect the daily trendline to be tested though, around 0.7450

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AdamFx42 10 Gru

Daily trendline support has held the price up exactly as predicted on my daily chart,
price is just above target now

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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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NZD/CHF down after breaking weekly channel

Nzd/Chf has broken the lower border of a weekly trendline and channel,
and has retested the entry back into the channel and failed -
this is a clear bearish sign:
Nzd/Chf weekly chart
On the daily chart we also see that the 161.8% fibonacci expansion level of the latest move
lies around the 100% fibonacci retracement;
these levels could be the target of a bearish move after the breakout downward:
Nzd/Chf daily chart
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Not much change in price yet - but, important is that breakout of lower border is still intact,
further downside should follow from here

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AdamFx42 11 Wrz

retest of lower border has failed, and price is back where we started,
I do expect my prediction to play out now - and price to go down from here

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AdamFx42 23 Wrz

price is hanging around 0.76 now so I need a break lower

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AdamFx42 27 Wrz

after Nzd weakness this week 0.75 has broken to the downside, need a break above again

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