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CAD/CHF riding a bullish weekly channel up

Cad/Chf is moving up within a bullish channel
We see this channel on the weekly chart:
I drew the lower trendline and cloned that line and moved it up -- it fits perfectly and creates this bullish channel
Cad/Chf weekly chart
This is a true channel, and it will take some Cad weakness to break the lower border;
for now the price is near the lower border,
but the RSI is still bullish
and Stoachistic indicator shows bullish divergence
So there is reason to believe the lower border of the weekly cha…
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AdamFx42 10 Дек.

Retest has broken the trendline support, price needs to return back in for any
bullish continuation to play out

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AdamFx42 29 Дек.

Return within support area has helped the price recover and move up again,
now the price is running into resistance in the form of the 0.85 level,
my target just above seems in reach now, though

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AdamFx42 30 Дек.

Break above 0.85 leads the pair close to my target
0.85 seems to be a likely support now, after the break, and it should end close to target

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AdamFx42 1 Янв.

Just 8 pips above target now

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AdamFx42 2 Янв.

missed by around 11 pips - good start to the new year prediction wise :-)

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Double top for GBP/CHF

Gbp/Chf has put in a double top that we can clearly see on the weekly chart,
the 61.8% weekly fibonacci expansion target is just above the top
and will probably not be challenged anymore, because price has started to move down
RSI is still strong, but MACD is flat on the weekly chart,
price will probably return to first (steeper) weekly trendline support,
but I believe this support line will be broken
Gbp/Chf Weekly Chart
On the daily chart we see that the price is moving down
The MACD has a bea…
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AdamFx42 19 Окт.

A strong move down has pierced first weekly support, but price still remains above it
A bearish weekly candle has been formed, though,
and the top seems firmly in place now

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AdamFx42 15 Нояб.

More Gbp weakness has brought the price to my target area - just 10 pips below it now,
Lower weekly trendline is being tested now as predicted - 1.50 is therefore support now
Prediction is spot on - I am very happy with this one

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AdamFx42 30 Нояб.

After moving up to around 1.52, price is moving down again - just below 1.51 now
60 pips above target

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CAD/JPY retracement should be held at trendline

Cad/Jpy is retracing after almost hitting 100
The natural retracement level before another move up would be 61.8% fibonacci retracement
and there is a good chance this will hold the price from moving down further
because the pair has fallen back within a weekly bullish channel
and the lower border of this channel is now trendline support again, and lies around the same level
as the fibonacci retracement of 61.8% - this combination should act as a strong support for the pair
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AdamFx42 19 Окт.

Pair has fallen sharply, and pierced lower border of weekly trendline and retraced to almost 100% fibonacci retracement of the last move up - a big bounce has brought the pair back in weekly channel though,
and price should remain here, and follow its upmove now

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AdamFx42 30 Окт.

price has moved back up sharply and is well above target now
need retracement down again

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EUR/SEK back up supported by weekly trendline

On the weekly chart of Eur/Sek we see a beautiful bullish channel supporting the pair in its upward movement:
Eur/Sek weekly chart
On the daily chart we see that the lower border of the trendline is near now,
and if we presume that price bounces from there - we can draw fibonacci expansion from there
and find that the 61.8% expansion target is near the previous highs around 9.375:
Eur/Sek daily chart
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Anna_Konoplyastaya avatar

great

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AdamFx42 25 Авг.

Thank You :-)

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AdamFx42 3 Сент.

price moving back up nicely - a bullish euro tomorrow at the Draghi/ECB speech
could speed things up here towards target 

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AdamFx42 16 Сент.

Instead we have a slow move up - previous highs still to be taken out

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