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CAD/CHF riding a bullish weekly channel upwards

AdamFx42 Posted 12 Oct. as Analysis on CAD/CHF, Target: 0.8681, Date: 1st of December, 12:00 GMT  in #Technical analysis #CAD/CHF #Fibonacci Expansion Levels #Weekly Bullish Channel #Strong Macd And Rsi
Cad/Chf should end up higher after testing the lower border of the weekly bullish channel it is in
On the weekly chart we see that it is a textbook example of a weekly bullish channel,
also the weekly MACD and RSI are both bullish
Cad/Chf weekly chart
On the daily chart I have drawn the predicted price movement:
the fibonacci expansionlevels of the last move indicate some resistence levels that the pair may encounter
The pair is on its way down towards the lower border at the moment;
as the MACD…
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AdamFx42 19 Oct.

Pair has broken below weekly supportline, so unless it returns back in weekly channel this prediction will not hold

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AdamFx42 30 Oct.

testing lower border weekly channel now

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AUD/CHF down to lower border of weekly trendline

AdamFx42 Posted 18 Aug. as Analysis on AUD/CHF, Target: 0.8342, Date: 1st of October, 12:00 GMT  in #Technical analysis #AUD/CHF #Fibonacci Expansion Area #Weekly Bullish Channel
Aud/Chf is on its way down to the lower border of a weekly bullish channel,
as we can see by the downward action on the weekly chart within this channel:
Aud/Chf weekly chart
On the daily chart we see a sharp move down within this channel happening now,
the Fibonacci expansion areas of the last two moves down will eventually lead
the price action to the lower border around 0.834:
Aud/Chf daily chart
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AdamFx42 23 Sep.

Price is now exactly on target

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AdamFx42 1 Oct.

Price has been bouncing up and down around my target, which indicates that I got the area right,
it is up to the gods now where we end at 12:00 gmt

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AdamFx42 1 Oct.

Price exactly on target now, it is going to be an exciting last three hours :-)

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AdamFx42 1 Oct.

Very happy with the result on this prediction:
bid price ended up being just 5 or 6 pips  below my target!

Airmike avatar
Airmike 2 Oct.

congratulation :)

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