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GBP/USD is still on its way down

AdamFx42 Posted 13 Oct. as Analysis on GBP/USD, Target: 1.5771, Date: 1st of December, 12:00 GMT  in #Technical analysis #GBP/USD #Fibonacci Retracement Levels #Target #Bearish Rsi And Macd
Gbp/Usd seems ready for a leg lower
On the weekly chart the RSI and the MACD are both very bearish
A possible target for the pair is the 61.8% fibonacci retracement level
from the last big weekly move up - this level lies just above 1.57
Gbp/Usd Weekly Chart
If we take the last move on the daily chart,
the 61.8% fibonacci expansion level lies around 1.59, and the 100% level below 1.57
The 61.8% level lies below previous lows - but not far below - and will probably be taken out
in a strong move d…
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5 Comments
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AdamFx42 19 Oct.

Gbp/Usd is supported around 1.6 at the moment - need this level to break to lead it down further
If 1.6 does brake, there is no further support until my target

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AdamFx42 30 Oct.

1.6 has been broken to the downside again - and with it the 50% fibonacci retracement,
if price stays below 1.6, then the next target should be the 61.8% retracement

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AdamFx42 5 Nov.

Weekly 50% fibonacci retracement level has been broken down together with 1.60 now
Price has bounced from the daily 100% fibonacci expansion target I drew on the daily chart
and another move down is needed to break it again

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AdamFx42 15 Nov.

Break has occured, and the price followed the action that I predicted on the daily chart
but has broken the resistance area around 1.57 that I thought would hold it
The low is around 1.56 - this is below weekly fibonacci 61.8% support,
so I will need a bounce to come near my target

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AdamFx42 26 Nov.

No real bounce, and price is just above 1.57 now, a bit higher will bring it close to target

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Monthly trendline and Daily Head and Shoulders for CHF/SGD

AdamFx42 Posted 25 Aug. as Analysis on CHF/SGD, Target: 1.3504, Date: 1st of October, 12:00 GMT  in #Technical analysis #Trendline #Head And Shoulders Pattern #Target #CHF/SGD
First thing that I noticed about this pair was the beautiful trendline up on the monthly chart:
Chf/Sgd monthly chart
I don't think that this trendline will be broken to the downside any time soon,
because CH are keeping their currency down
The pair is currently bearish, and that could have to do with a Head and Shoulders pattern on the daily chart:
Chf/SGD daily chart
The target of this pattern is around 1.35, and has not been reached yet,
the target area is still way above the monthly trendlin…
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6 Comments
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AdamFx42 27 Aug.

It is cool, isn't it?  -- predicting the future  :-)
I think what you do is cool -- gogo girl  +1

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AdamFx42 3 Sep.

Price has barely moved at all yet - still I can wait  :-)

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AdamFx42 11 Sep.

I guess I was right - daily pattern is completed,
the price is now just 6 pips below my target

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AdamFx42 16 Sep.

price holding just above my target now - still good :-)

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AdamFx42 23 Sep.

price still holding just above my target - just a little higher now - about 20 pips

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Heading down after reversal signs loom

AdamFx42 Posted 17 Mar. as Analysis on NZD/USD, Target: 0.8324, Date: 1st of May, 12:00 GMT  in #Technical analysis #NZD/USD #Bearish Signs #Fibonacci Retracement #Target #Daily Trend
I believe Nzd will weaken the coming month due to Usd demand,
Nzd/Jpy is due for a heavy retracement, and Nzd/Usd should follow down
On the daily chart you can just about see the weekly trendline bottom right of the chart,
it coincides with 61.8% Fibonacci retracement of latest move up on daily chart
and in my mind is a logical target for a move down:
Nzd/Usd may not reach this target on May the 1st,
so I have set my price prediction just below the 50% Fibonacci retracement level
Lets take a clo…
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3 Comments
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AdamFx42 24 Mar.

Pair is reversing from highs just now - I have a bearish engulfing candle on the 15min chart

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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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AdamFx42 10 May

Strong bearish pattern appearing, like daily bearish engulfing candle pattern and continuation down

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