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GBPUsd is holding above support

AdamFx42 Posted 22 May  in #Trader's blog #GBP #Support Level #Weak Or Strong
GbpUsd is holding above a support level
After retracement on Friday, the pair now holds above an important level
The 4hr 100ma is around 1.480, and GbpUsd is above it for now
If this level can hold then I will be looking to go long here
Gbp is fundamentally stronger now that a no vote for Brexit seems certain
Gl all this week
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AUD/CHF held down by strong resistance area

AdamFx42 Posted 23 Mar. as Analysis on AUD/CHF, Target: 0.7635, Date: 1st of May, 12:00 GMT  in #Technical analysis #Fibonacci Expansion #AUD/CHF #Fibonacci Retracement #Combined Resistance Area #Support Level
After a strong move up, Aud/Chf is likely to hold present level for a while
Like most other Chf crosses, the Aud/Chf cross has retraced back more than half of the losses
that occured when the Swiss removed the artificial peg holding down the currency
The move back up is stagnating the last couple of weeks, though,
and technical analysis indicates that a top may be in place
On the weekly chart I have a drawn the fibonacci expansion levels of the move
just before the peg removal, and we see that t…
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3 Comments
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AdamFx42 28 Mar.

Support area on my daily chart has held yhe price from dropping further, as I predicted,
a move up should follow now

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AdamFx42 8 Apr.

Support area established lower at 23.6% fibonacci retracement on my charts,
just before RBA interest rate decision -- Aud stays on hold, and up we go again,
now just above 38.2% support, expect a move up from here

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AdamFx42 29 Apr.

Price has moved exactly as I predicted on my daily chart
We see that the strong resistance area that I drew has held the price below it,
and now the 50% fibonacci retracement level of the last big move down is acting as support,
keeping the price above 0.7624, and is on my target now  -- just 12 pips above target

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Another Bearish setup in NZD/JPY

AdamFx42 Posted 16 Mar. as Analysis on NZD/JPY, Target: 84.9800, Date: 1st of May, 12:00 GMT  in #Technical analysis #Resistance #NZD/JPY #Fibonacci Retracement #Support Level #Retracement #Target Area
Nzd/Jpy charts show us another bearish setup
Another bearish engulfing candle has appeared on the daily chart after the pair has hit 88
-- a target that was predicted by traders months ago
The next target will be 92, but retracement is in order first,
and this should be a deeper retracement this time
First, let us take a look at the daily chart:
Here we can see that the bearish engulfing candle has already pushed the price toward daily trendline,
and with this quick price action down - I doubt …
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AdamFx42 24 Mar.

After initially reversing back up again, pair now seems to be holding and is near trendline -it will break to downside soon, it looks

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AdamFx42 17 Apr.

There seems to be a downward breakout starting now, but target is still a far way

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