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NZD/CAD supported by trendline and SMA for bullish move

Nzd/Cad is bullish and next weekly target seems a lot higher
On the weekly chart there is a bullish trendline from the last lows that has been around for months now;
this is depicted as the grey line on the weekly chart
The price is holding above the blue line too -- this is the weekly SMA-100
Stoachistic and RSI-14 indicators show bullish signs
and the fibonacci expansion level 61.8% that I have drawn from the last weekly move
shows a target just above previous highs -- near 0.97 -- this is the…
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AdamFx42 26 Ene

Nzd/Cad holding position now - looking for retracement down,
as nzd is weaker, following weaker Aud

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AdamFx42 28 Ene

Nzd weakening more because of interest rate decision now
but Cad is also suffering from the FOMC today --  so pair is still above target,
need to break below 0.92 for my prediction

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AdamFx42 29 Ene

Below 0.92 now, and touched my target 3  hours ago,
need it to stay below 0.92 to have a chance now

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AdamFx42 29 Ene

Pair has stayed below 0.92 overnight and is just below target now - looking good

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AdamFx42 29 Ene

Although my target is reached from above instead of below as I predicted,
my predicted 61.8% fibonacci resistance area will act as resistance now, too
As it is around the 0.92 line this will become natural resistance for the pair

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USD/JPY destined to break below 100 sooner or later

There is a nice setup on the Usd/Jpy charts
I will take you to the weekly chart right away to show you:
As we see RSI-14 has dropped below 50 on the weekly charts, making the sentiment on Usd/Jpy bearish,
this coincides with recent talk among traders of larger retracement down, stronger Japanese data releases
and a weaker US policy and dollar
Technically, Usd/Jpy has also pierced SMA 50, indicating a break below soon;
first logical target now seems to be 50% retracement of Fibonacci retracement …
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AdamFx42 25 Jul

Downside seems well bid for now - I think we will see another attempt at 100 soon, thoughas 100.8 resistance has held the move up again There is now a strong downline trend on daily chart

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