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NZDCad below resistance and looking to break it

AdamFx42 Przesłano 31 Lip jako Analiza NZD/CAD, Cel: 0.9544, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #Resistance #Break #Bullish #NZD/CAD #Nzdcad
NzdCad has been stuck below resistance for a while now
On the weekly chart we see the highs in the pair that define the resistance line:
The rising trendline below is pushing the pair up towards the highs again
This is a rising wedge pattern- and is designed for a upward breakout to follow
It is therefore only a question of time before the highs are negociated
On the daily chart we see more evidence of bullish movement:
The rising daily trendline is much steeper and shows strong bullish moves
A …
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5 Komentarze
AdamFx42 avatar
AdamFx42 3 Sie

Pair has moved down to trendline support - should see a move up start here again

AdamFx42 avatar
AdamFx42 5 Sie

Pair is up above 0.94 today - so trendline is holding - on its way towards resistance level around 0.95

AdamFx42 avatar
AdamFx42 15 Sie

Pair is testing trendline - if it holds we will see a move up

AdamFx42 avatar
AdamFx42 21 Sie

Price has broken below trendline but seems to be correcting up to retest that break
It was a steep rising trendline so a correction beow is not a problem to return to bullish

AdamFx42 avatar
AdamFx42 31 Sie

Price around 0.95 now - need a bit more strength to reach target at 0.9544

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Bullish signs in NZD/CAD - some resistance to break

AdamFx42 Przesłano 30 Lis jako Analiza NZD/CAD, Cel: 0.9056, Data: 2 z Styczeń, 12:00 GMT  w #Technical analysis #Resistance #Fibonacci Expansion #NZD/CAD #Fibonacci Retracement #Support Area
Nzd/Cad is on the way up, but resistance looms
On the weekly chart this pair has put in a near-perfect retracement of 61.8% fibonacci weekly retracement
from the last big weekly move up, price should move up again here to challange the highs, eventually
The last weekly move provides up with a fibonacci expansion level of 61.8% that is just above
weekly fibonacci weekly retracement level
You can see the combination of these two levels on the weekly chart - this is a support area now
…
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5 Komentarze
AdamFx42 avatar
AdamFx42 4 Gru

Price has tested daily trendline as I predicted and bounced back up,
a continuation of the move up will leave the trendline intact, and help my prediction
The first move up should break above the 61.8% fibonacci expansion level on the daily chart again

AdamFx42 avatar
AdamFx42 10 Gru

Although trendline was broken price is back up above it in a fiercely bullish move,
the 38.2% weekly fibonacci retracement that I drew out has stopped the move up
as I predicted, and price should fall a bit and bounce back up off the 61.8% fib expansion support now

AdamFx42 avatar
AdamFx42 16 Gru

Price has moved higher and above resistance area that i drew out on my daily chart
and is exactly on target now

AdamFx42 avatar
AdamFx42 29 Gru

Price remaining on target - 0.90 below should act as support now,
I think this should end up near to my target

AdamFx42 avatar
AdamFx42 1 Sty

0.90 has acted as support - just 6 pips below target now

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Another Bearish setup in NZD/JPY

AdamFx42 Przesłano 16 Mar jako Analiza NZD/JPY, Cel: 84.9800, Data: 1 z Maj, 12:00 GMT  w #Technical analysis #Resistance #NZD/JPY #Fibonacci Retracement #Support Level #Retracement #Target Area
Nzd/Jpy charts show us another bearish setup
Another bearish engulfing candle has appeared on the daily chart after the pair has hit 88
-- a target that was predicted by traders months ago
The next target will be 92, but retracement is in order first,
and this should be a deeper retracement this time
First, let us take a look at the daily chart:
Here we can see that the bearish engulfing candle has already pushed the price toward daily trendline,
and with this quick price action down - I doubt …
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2 Komentarze
AdamFx42 avatar
AdamFx42 24 Mar

After initially reversing back up again, pair now seems to be holding and is near trendline -it will break to downside soon, it looks

AdamFx42 avatar
AdamFx42 17 Kwi

There seems to be a downward breakout starting now, but target is still a far way

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