Блог AdamFx42

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USDChf moving back up above trendline

UsdChf should recover from its lows soon - lower trendline support looms
On the weekly chart we see a couple of levels that are important:
On the topside we see 1.03 as a resistance level
While on the downside we can see a rising trendline - the pair looks to test it
Price is moving down towards this level
On the daily chart we may investigate suspected moves:
Trendline support seems to be located above 0.96 area
If we take fibonacci expansion from the last move up and project it to this level
w…
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AdamFx42 5 Авг.

Pair is back up around 0.98 - exactly on target - so price action as predicted, trendline is holding

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AdamFx42 15 Авг.

Trendline is at  0.96+ support - pair has retreated a bit from highs and is above 0.97 now  I expect rising trendline support to lead the pair higher again

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AdamFx42 21 Авг.

support at 0.96 in doubt now

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AdamFx42 29 Авг.

Support at 0.96 holds and pair moves up sharply because of recent UsdJpy strength above 100,
UsdChf now just around target area 0.98

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AdamFx42 31 Авг.

More UsdJpy strength has helped this pair above 0.98 now - about 30 pips above target - some weakness at the end of the day may bring it down a bit

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Buying EUR and AUD at support

I opened long positions in Eur/Usd and Aud/Usd today
A buy limit in Aud/Usd that I had set yesterday was triggered today:
the pair was on the way down and came close to daily trendline support
I went long
I noticed that Eur/Usd had retraced to 61.8% fibonacci from the last move up, too
I decided to go long here too, also because overall daily trend is still bullish
Eur/Nzd and Eur/Aud were also at 61.8% dfaily fibonacci retracement
and I went long these two pairs too
Aud and Eur/Usd stayed flat …
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NZD/CHF looking to test lower border of weekly channel

Nzd/Chf looks like it may try to retest the lower border of the weekly bullish channel once again
As we can see on the weekly chart of Nzd/Chf, the pair is currently inside a bullish channel
The RSI is lowering though, and looks to drop below 50 soon,
also the Stoachistic indicator has reached high levels and should turn down towards the line of divergence I have drawn
All this adds up to a retest of the lower border of the weekly channel again
Nzd/Chf weekly chart
On the daily chart we se…
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AdamFx42 4 Дек.

Price is holding above 61.8% fibonacci expansion level after reaching it,
I still expect the daily trendline to be tested though, around 0.7450

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AdamFx42 10 Дек.

Daily trendline support has held the price up exactly as predicted on my daily chart,
price is just above target now

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USD/CHF shows a bullish Bias

The most telling picture in Usd/Chf is the weekly chart
Usd/Chf weekly chart
We can see the trendlines moving the price up, and we can also see that any retracement down
is quickly countered by a strong move up,
the latest candle is a strong bullish engulfing candle, and it is most likely that Usd/Chf will continue its move up
The fibonacci expansion level of 61.8% of the last weekly move up provides us with a target just below 0.99
Also, on the weekly chart we see that the Stoachistic indicator…
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AdamFx42 4 Дек.

Daily trendline has been tested immidiately after I posted my prediction,
and price shot up as I predicted - putting in a new high, around 0.98
The higher high, and higher lows still make this pair a bullish one,
and price should move up higher now

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AdamFx42 19 Дек.

After some deeper retracement towards 0.96 - due to Usd/Jpy weakness - the pair is again challenging 0.98, if it breaks my target should prove correct

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AdamFx42 19 Дек.

Daily trendline that i drew on the chart is holding price above it once again, and the target area - the weekly 61.8% fibonacci expansion level should be hit before the end of the month

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AdamFx42 29 Дек.

My target area has been reached, and the prediction has played out very well,
if 0.99 can hold the price below it for a few days then I will be close with my prediction,
as long as 0.98 is still support    ---  need about 20 pips down for it to be perfect

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Next target lower for EUR/JPY below trendline

Eur/Jpy is on the way down,
on the weekly chart we see a formation of three bearish candles indicating a further move down
The pair has broken through the 61.8% retracement level of the last weekly move up,
and has taken out the 61.8% fibonacci expansion level of last move down
A lower trendline will probably be broken by this price action,
leading the price further down to the 76.4% fibonacci retracement level
Eur/Jpy weekly chart
On the daily chart we see the price action as I believe it will …
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Monthly trendline and Daily Head and Shoulders for 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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AdamFx42 27 Авг.

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 Сент.

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

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AdamFx42 11 Сент.

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 Сент.

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

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AdamFx42 23 Сент.

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

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USD/CAD on a weekly and daily move up

Usd/Cad seems to be in a strong move up,
after hitting the lower border of the weekly trendline up, shortly ago
the pair is now in a hurry to gain some ground upwards,
the longer term fibonacci expansion area of 61.8% of the latest weekly move even points to new highs around 1.13:
Usd/Cad weekly chart
On the daily chart we see some strong upward candles,
and the fibonacci expansion areas of the previous two moves up on the daily chart
of 61.8% may be enough to slow the pair down for a while afte…
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AdamFx42 29 Авг.

going the wrong way for now - see if recovery is possible

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AdamFx42 6 Сент.

Seems like support is holding around 108.5 - Usd growing stronger

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AdamFx42 11 Сент.

Price action is now exactly as predicted:  after a slight move down price has now moved above 1.10 and has bounced off 61.8% fib expansion at 1.1020 - next predicted move is that 1.10 area holds and price moves above 61.8% expansion towards 100% expansion

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AdamFx42 16 Сент.

price has broken below 1.10 again - we wait to see if that can be taken again

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AdamFx42 23 Сент.

Price action has taken back 1.10 and is hanging around it now - need a little move up to accomplish my predicted target

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NZD finding support above weekly trendline

Nzd/Usd - the most important of the Nzd crosses seems to have found support
above the weekly trendline after a couple of weeks of fast decline,
I am trying to buy the bounce back up, or slow retracement up, at the right time to make some pips
Here is the chart with the weekly trendline I managed to find with some technical analysis:
If there is indeed support here, a move up could easily reach 0.86,
and as you can see I have put in a tight SL, just above last weeks lows
and have set my TP above …
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USD/JPY has a top in place - whereto retracement?

Usd/Jpy has a top in place from which it is now retracing
In this analysis I will attempt to find the retracement target, and see what future moves could be
On the weekly chart a wedge pattern can be drawn with the last top of this pair in place,
the lower border should form a support area if the pair intends a future move up
If we combine the lower border with the Fibonacci retracement of the last move up
we see that the 50% Fibonacci retracement could form this area of resistance together with…
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AdamFx42 1 Февр.

retracement is already complete - I should think a move back up should come now, if 101.5 support holds

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AdamFx42 13 Февр.

Support held, although a bit lower, we are now on my predicted target

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AdamFx42 21 Февр.

Another test of support area has held, and we are above 102 again, still good

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AdamFx42 21 Февр.

Price action is following my chart predictions exactly up to now :-)

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AdamFx42 25 Февр.

102.8 has now turned into resistance area again, and price is holding just below this area after a failed attempt to break it a couple of days ago - I think we might attempt to break 102.8 again this week

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AUD/JPY moving back up again

Aud/Jpy is showing potential for a great move up to 102.5 next year
In my charts I will clarify where I expect it to be in February 2014
First, let's look at the monthly chart:
As we can see on the monthly chart the pair has broken out of a sideways range last year
that was confined by 61.8% Fibonacci retracement level - of the last large move in 2008 - to the upside
and is supported by a double bottom on the downside
It has already returned to test this breakout, and the 61.8% is now support fo…
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AdamFx42 29 Дек.

Pair is now struggling around 103.5 going up slowly due to overall Aud weakness

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AdamFx42 4 Янв.

Aud strength is helping this pair challenge 94, which should break soon

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