Community
Blog
AdamFx42's Blog

AdamFx42's Blog

Avatar

AUD/USD down towards strong support area

AdamFx42 Posted 30 Nov. as Analysis on AUD/USD, Target: 0.8466, Date: 2nd of January, 12:00 GMT  in #Technical analysis #AUD/USD #Fibonacci Expansion #Daily Rsi Low #Support Area
Aud/Usd is on its way down towards a Fibonacci Expansion Target and good support area
Aud/Usd is bearish at the moment, as government is talking down the currency towards 0.82 level;
this is seen as a right projection of the currencies value in Australia
On the charts we see that the currency is weak at the moment against Usd,
and further decline is likely to follow
If I draw Fibonacci expansion level of the last bigger move - then the 61.8% level comes in just below 0.8450,
the last smaller mov…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

2 Comments
AdamFx42 avatar
AdamFx42 4 Dec.

Price has broken below combination of resistance areas on weekly chart,
I thought it would hold for now - there is the chance that target has been overshot
due to fierce selling action, and then price will bounce back up towards target

AdamFx42 avatar
AdamFx42 10 Dec.

Low came in around 0.8230 - now 100 pips higher, I guess that is a bounce off that level,
see if it can continue any higher towards target

orto leave comments
Avatar

Bullish signs in NZD/CAD - some resistance to break

AdamFx42 Posted 30 Nov. as Analysis on NZD/CAD, Target: 0.9056, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Resistance #Fibonacci Expansion #NZD/CAD #Fibonacci Retracement #Support Area
Nzd/Cad is on the way up, but resistance looms
On the weekly chart this pair has put in a near-perfect retracement of 61.8% fibonacci weekly retracement
from the last big weekly move up, price should move up again here to challange the highs, eventually
The last weekly move provides up with a fibonacci expansion level of 61.8% that is just above
weekly fibonacci weekly retracement level
You can see the combination of these two levels on the weekly chart - this is a support area now
…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

5 Comments
AdamFx42 avatar
AdamFx42 4 Dec.

Price has tested daily trendline as I predicted and bounced back up,
a continuation of the move up will leave the trendline intact, and help my prediction
The first move up should break above the 61.8% fibonacci expansion level on the daily chart again

AdamFx42 avatar
AdamFx42 10 Dec.

Although trendline was broken price is back up above it in a fiercely bullish move,
the 38.2% weekly fibonacci retracement that I drew out has stopped the move up
as I predicted, and price should fall a bit and bounce back up off the 61.8% fib expansion support now

AdamFx42 avatar
AdamFx42 16 Dec.

Price has moved higher and above resistance area that i drew out on my daily chart
and is exactly on target now

AdamFx42 avatar
AdamFx42 29 Dec.

Price remaining on target - 0.90 below should act as support now,
I think this should end up near to my target

AdamFx42 avatar
AdamFx42 1 Jan.

0.90 has acted as support - just 6 pips below target now

orto leave comments
Avatar

GBP/USD finally has found some support

AdamFx42 Posted 27 Nov. as Analysis on GBP/USD, Target: 1.5945, Date: 2nd of January, 12:00 GMT  in #Technical analysis #GBP/USD #Fibonacci Retracement Levels #Support Area #Retracement Up
Gbp/Usd has been in a steep decline down from the 1.72 highs
The pair has seemed to have found a support area around 1.56 on its way down
We will see if the retracement is on
On the weekly chart we can see the bullish candle after the failiure to break below 1.56 level,
this indicates that the pair has formed support there and will now move up
We can also see that a bullish divergence is occuring on the stoichastic indicator
We can estimate the retracement back up through the weekly and daily fi…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

2 Comments
AdamFx42 avatar
AdamFx42 4 Dec.

Pair has put in a new low -- just below previous one, making my prediction wrong,
need the move up to start - so i can be right about the recovery back up to 1.59
I still think it is the right prediction on the whole

AdamFx42 avatar
AdamFx42 10 Dec.

The pair is starting to look bullish as it is holding above 1.57 now,
need a steep move up, though, to reach my target

orto leave comments
Avatar

Retracement towards support level before next move up in USD

AdamFx42 Posted 27 Nov. as Analysis on USD/JPY, Target: 115.1000, Date: 2nd of January, 12:00 GMT  in #Technical analysis #USD/JPY #Pullback #Support Area #Bullish Pair
Ater failing to break 119 Usd/Jpy seems to have put in a top for now
The price remains below 118, and a retracement from the highs seems to be happening
On the weekly chart we can see the red candles forming and the price starting to move down,
the top is just below 119, and the last big move up on the weekly chart
provides us with a natural retracement towards the 38.2% fibonacci retracement level eventually;
this level lies around 113
We see that the weekly RSI_14 is also extremely high - abov…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
AdamFx42 avatar
AdamFx42 4 Dec.

Pair has moved up to 120 - so high was not in place before retracement yet,
it should happen soon though - I stand by a pullback before 120 is broken definately
It has only just pierced the level now, but not can hold above yet

AdamFx42 avatar
AdamFx42 10 Dec.

Deeper retracement has started now from a higher level -- near 1.22,
but price has already broken below 118 now - and 115 could be the next target

AdamFx42 avatar
AdamFx42 16 Dec.

Deeper retracement has set in now - with Usd/Jpy just above 116,
about 100 pipsabove target now, this weakness should see the pair reach 115 - my target,
before it can reverse now

orto leave comments
Avatar

Next technical target around 1.23 for EUR/USD

AdamFx42 Posted 13 Oct. as Analysis on EUR/USD, Target: 1.2444, Date: 1st of December, 12:00 GMT  in #Technical analysis #EUR/USD #Fibonacci Retracement #Combined Support #Support Area #Wedge Pattern
Eur/Usd is still showing little sign of recovery, and remains bearish
The next technical target for this pair is around the 1.23 level - as I shall explain
On the monthly chart we can see a wedge pattern, and lower border support growing near:
I believe this lower border will be eventually challenged:
Eur/Usd monthly chart
On the weekly chart we can see the fibonacci retracement levels of the last big move up,
we also see that the RSI is low, and MACD signal is bearish
…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

10 Comments
View 5 more comments
AdamFx42 avatar
AdamFx42 15 Nov.

Eur/Usd has reached a low of 1.2358 on the charts before bouncing
Currently just above 1.25 - expect it to dip below here soon

AdamFx42 avatar
AdamFx42 26 Nov.

Back below 1.25 now, and it seems that level is resistance now - if support remains in place
around 1.24 then price will remain around my target area

AdamFx42 avatar
AdamFx42 1 Dec.

Missed by about 16 pips

AdamFx42 avatar
AdamFx42 1 Dec.

This is by far my best prediction on Eur/Usd though, so I am happy
Price action followed my daily chart prediction almost to the letter,
I must be getting better at this  :-)

foreignexchange avatar
foreignexchange 24 Dec.

Great technical analysis

orto leave comments
Avatar

Bullish Flag pattern weekly chart USD/JPY to give direction

AdamFx42 Posted 17 Aug. as Analysis on USD/JPY, Target: 103.8800, Date: 1st of October, 12:00 GMT  in #Technical analysis #USD/JPY #Fibonacci Expansion #Support Area #Flag Pattern
Usd/Jpy seems to me a pair that must be going up;
Usd strength looks to prevail, and with current global unrest it will remain so
Japan data is very weak at the moment, too,
and there will be a moment that a break above 103 holds - very soon\
This theory is supported by a bullish flag pattern that is visible on the weekly chart:
Usd/Jpy weekly chart
I noticed that current price is near the bottom flag line, that should act as a support line now,
or a trendline, if you like - price should hold ab…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

2 Comments
AdamFx42 avatar
AdamFx42 27 Aug.

Target accomplished - it needs to stay here for just a little more than a month  :-)

AdamFx42 avatar
AdamFx42 6 Sep.

Weekly bullish flag pattern is keeping price up
Waiting for retracement down to daily target area

orto leave comments
Avatar

EUR/USD heading south on interest rate decision

AdamFx42 Posted 10 May as Analysis on EUR/USD, Target: 1.3544, Date: 1st of July, 12:00 GMT  in #Technical analysis #EUR/USD #Fibonacci Retracement #Support Area #Strong Move Down For EUR/USD #Monthly Pivot
Now that Draghi has said that it is very likely that interest rate will be lowered in June
the Euro is suffering and on a fast trip downwards
I will now try to predict where this downfall should halt using technical levels
The weekly trendline has been broken to the downside in this fast deline
and 23.6% Fibonacci retracement line of the last weekly move up is very likely to be broken
before the end of june -therefore Support 1 monthly pivot will be broken too
I do expect a bounce from the 38.2%…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

6 Comments
View 1 more comments
AdamFx42 avatar
AdamFx42 17 May

1.37 area has held downward move for now - we shall see if more weakness comes after the interest rate decision

AdamFx42 avatar
AdamFx42 10 June

1.35 target was hit after ECB decision - now pair needs to show weakness and fail to break above 1.36 again

AdamFx42 avatar
AdamFx42 12 June

price holding below 1.36 now - probably we will see a push down again, if 1.3480 support holds and we see a small bounce my target may be good

AdamFx42 avatar
AdamFx42 19 June

Price has turned the other way and broken above 1.36 - we should see a move back below there before pair can proporly recover and turn bullish again

AdamFx42 avatar
AdamFx42 24 June

Price hanging around 1.36, but a bullish wedge is forming - price will drop more soon

orto leave comments