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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 oct

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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USD/JPY moving up to next resistence area

Usd/Jpy is still very much a bullish pair, the only question is:
where is the next higher target at?
On the weekly chart I have drawn all the latest fibonacci expansion areas,
to see if any of them combine to form a area of resistence:
I have found a area of two combined fibonacci targets around 109.5, which seems a likely target by november
Usd/Jpy weekly chart
On the daily chart there is a trendline to be found, that may act as a support
after the next 61.8% fibonacci weekly target of the last…
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AdamFx42 19 oct

Larger retracement than I expected has pushed the price down to Februari highs
Recovery is strong and swift from here, though - the pair making 160 pips in two days already,
I still expect my target to be within reach

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AdamFx42 23 oct

Beginning the upmove now - strong Usd, supported by stocks, 150 pips from target now

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AdamFx42 29 oct

FOMC decision just now has stregnthend Usd and it is poised to break 109 now - finally moving up from 108

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AdamFx42 30 oct

109 broken now - tomorrow is the last day of the contest and should see the price near my target :-)
110 is the next target for Usd/Jpy after it has been pierced once already,
after that the pair will probably move up to 111 - which would be new yearly highs

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AdamFx42 30 oct

The pair is on the move up again after some news from Japan indicating Jpy weakness
Usd/Jpy is now exactly on target of my prediction at 109.4 - nice
Resistance area starts here just above 109.5, 100% fibonacci expansion from weekly move up
in combination with other fibonacci expansions around 110,
I expect 110 to hold the price below until next week - support now around 109

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