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USD/CAD weekly trendline to be retested

Usd/Cad looks very bullish at the moment,
but some of the targets are close-by and may lead to the pair retesting the lower border of
the weekly bullish trendline
On the weekly chart we can see the bullish weekly trendline
and the weekly fibonacci expansion target of 61.8% just below 1.13
Usd/Cad weekly chart
On the daily chart there is another fibonacci expansion level of 61.8% of the last daily move
around 1.132 - just about the same level as the weekly target of expansion
These two levels tog…
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peachynicnic avatar

thanks

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AdamFx42 19 Oct.

Price has already reached my predicted target of 1.1320, and bounced
Need a move lower to start now, for my target to work

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AdamFx42 30 Oct.

target reached - it has played out as I predicted already - bit too soon
now is to wait and see if the price will be held between resistance and support areas

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AdamFx42 10 Nov.

Price has gone higher than I expected - see if prediction still plays out,
support at 1.11 area is still the same

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Short USD/JPY

I'm selling Usd/Jpy today after a nice move up this night
The pair seems to have stalled at 104.8, and there might be resistance there
I knew that there would be trouble for the move up around 105
because that is 38.2% fibonacci resistance of the last move down on the monthly chart
I have set my sl above that marker and have sold the Jpy crosses too:
Eur/Jpy, Gbp/Jpy, Chf/Jpy, and Aud/Jpy
This will be my last big trade for this month in the competition
as I have been looking out for a move towar…
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First technical target NZD/JPY to be made

Nzd/Jpy has been the focus of attention for many traders now for the last couple of months - since it broke 80
There has been a very strong move up the last two years, as you can see on the monthly chart
and technical analysis points to a ultimate target of 92, after breaking of 86 area
Let's look at the monthly chart:
Just look at the fibonacci expansion here, I will clarify the rest in the weekly chart after this
The latest move up and recent retracement gives us a 61.8% Fibonacci Expansion ar…
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AdamFx42 12 Jan.

Pair now holding around 86.3 - still unable to break strong resisance area - if Usd strength returns we should see 86.8 soon

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AdamFx42 14 Jan.

Break of resistance at 86.8 done - now looking for retracement back to 86.5 to complete my analysis

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AdamFx42 17 Jan.

Retracement happened as I expected, now to hold around/above 86

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AdamFx42 21 Jan.

Bounce back up to 87 on stronger dollar - still holding in the right area, little retracement down expected

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AdamFx42 28 Jan.

big correction down now because of yen strength- back up to 85 today, and may continue up due to nzd strength

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Looking for a pullback in EUR/USD

I have placed a Sell order just below strong technical resistence level at 1.3830 in Eur/Usd
I hope it will open today, maybe after some news or something .... just a spike up of about 40 pips would be enough
I have set buy orders for the yen crosses: Gbp/Jpy, Eur/Jpy, and for Usd/Jpy at the appropiate support levels
The FOMC meeting on friday should be a indicator/start of Usd/Jpy future direction,
and overall sentiment is that this pair will move up beyond 103/105
In this case the crosses wil…
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AUD strength prevailing on all fronts

Aud/Jpy should be moving up after 61.8% fibonacci retracement on weekly timeframe,the target for November should be around next resistence at 95.35On the weekly chart we can see that Fibonacci support at 61.8% holds after last move up and retracement downThe fibonacci expansion target points to 105, which indicates a long term move up and breakout of previous highs,but I don't expect this target to be hit in NovemberOn the daily chart we find that RSI holds well bullish and that MACD is crossing…
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AdamFx42 9 Oct.

need a strong move up now to break resistence

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AdamFx42 17 Oct.

Going strong now at 94+, should be exciting finish as three contestants are in the 95 area with their predictions

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AdamFx42 23 Oct.

This pullback to around 94 is fine, if we can get back up to 95 the coming week ...

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AdamFx42 27 Oct.

Aud/Jpy was hit hard last week because of trouble in China, so retracement looks like too much to recover from in the next couple of day's I was close, though, and I am feeling more confident in my predictions

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AdamFx42 28 Oct.

It seems that demand for Aud may be back because of eventual postponement of tapering by the FOMC - we shall see what happenes, it does mean 0.95 is a possible target again

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