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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 avatar
AdamFx42 26 Sie

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 Sie

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 Sie

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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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 Lip

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 Sie

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

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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 Lip

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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EUR/USD holding up supported by Trendline

Eur/Usd shows a clear trendline up on the weekly chart that supports rising price action
On the daily chart it is possible to predict the target of next move up with the help of Fibonacci Expansion levels
taken from the daily and the monthly charts
Firstly, on the monthly chart we can see sideways moving price action, but we clearly see the price
moving up on the monthly chart at the moment;
if we take the Fibonacci Expansion level of 61.8% of the last move on the monthly chart,
we get a target …
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AdamFx42 1 Luty

The pair has hit a crucial retracement level - it is either up or down from here
My prediction will only hold if it bounces hard here

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AdamFx42 13 Luty

Well, bounce up happened, still a long way to go

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AdamFx42 25 Luty

A break of previous highs is needed to accomplish target area

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AdamFx42 16 Mar

Daily trendline is holding, and my target is almost accomplished now

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