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AUDCad chance to break above 200SMA

AudCad has moved back up towards 200SMA
The pair is poised to break above 200 SMA, and 100 SMA which are converging on the same level
This is either an area of strong resistance, or a chance for the pair to break and move higher
The daily RSI - which is above 60 - supports the latter:
A break above 100 and 200 SMA would lead the pair towards the daily upper trendline,
which should act as resistance on initial touch
Fibonacci daily expansion level of last move shows a 61.8% expansion level above …
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AdamFx42 26 Ago

Indeed a move  back up - bounced off support nicely - near target now, and below 0.99 which should become resistance

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AdamFx42 29 Ago

0.99 is resistance indeed - pair just above 0.98 - is this will act as support I should end up near target

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AdamFx42 31 Ago

0.98 has acted as support, and I am now just below target - hopefully price can creep just above 0.9850 level (where it is now) and end up on my target

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Very close to target now - I am hoping it will stay here until 12:00 GMT ;-)

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Shame it would not hold around my target in the 2 hours - it closed about 13 pips higher, still very happy with this prediction though :-)

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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 Dic

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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USD/CHF to retrace back to 38.2% fibonacci retracement

Usd/Chf seems to have a top in place for now
and is on its way down to retrace from recent highs
On the weekly chart we can see the first bearish candle appearing for a while
The RSI is turning down, although it is still high
MACD looks to be topping out too
Usd/Chf weekly chart
A natural retracement for a bullish pair like this will be the 38.2% fibonacci retracement level
of the last weekly move up - this lies just above 0.93
On the daily chart we can see how we might get there
MACD has turned…
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peachynicnic avatar

thanks

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AdamFx42 19 Oct

I don't know why I made this prediction - it must be purely technical...
Stronger Usd will lead this pair higher for now, only a breakdown in Usd/Jpy strength will bring it towards my target

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NZD/JPY under bearish pressure

Nzd/Jpy has broken out of a bearish weekly channel to the downside
The retest of the lower border has left it below there, and has failed
The RSI and the MACD indicators are both bearish
and this puts a lot of bearish pressure on the pair
Nzd/Jpy weekly chart
The 100% weekly fibonacci expansion level has been broken to the downside too
and this indicates a further move down towards the 161.8% fibonacci expansion level
On the daily chart I have drawn the fibonacci expansion level of the last dail…
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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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Bullish Engulfing weekly candle still playing out in EUR/AUD

Eur/Aud is still moving higher after a weekly bullish engulfing candle
The RSI is still slightly bullish, and MACD has a bullish signal at the moment on the weekly chart
This leads me to believe that the price will move higher
and should first challenge the 23.6% fibonacci retracement level of the last weekly move up,
if the 38.2% retracement level will hold any move down:
Eur/Aud weekly chart
On the daily chart we see a higher RSI, that is more bullish
and the MACD signal line is about to cross…
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AdamFx42 19 Oct

Price is moving up slowly towards the 23.6% fibonacci weekly retracement level
just as I predicted it would - nice

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Target area was almost touched, and then came a deep retracement down and now a move up again
The 38.2% weekly fibonacci retracement which was broken to the upside has been retested with the move down to 1.4215 - a strong bounce back up has followed and we should be in line for my target now

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Presuming that a top is in place in GBP/USD

Suppose there is a top in place in Gbp/Usd, where would the price go from here,
obviously down - but how far, I have an Idea:
First of all a look at the daily chart:
Presuming a top is in place, I have drawn a Fibonacci retracement from the last move up,
daily RSI-14 is still well above 50 at the moment so there is room for a move up, and this analysis would be wrong
But if a top is in place the first natural retracement area should be a 50% Fib retracement,
this is also where the SMA50 line is …
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VikaChechenkova avatar

You are very smart!!!!

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AdamFx42 25 Jul

My target has been reached already - downside was quick

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looking for retracement back up now that 1.69 has been broken to the downside

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AdamFx42 12 Ago

Some big data coming out tomorrow - maybe the start of a move up

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