Community Blog

Filtrar por etiquetas:  Weekly Channel
Avatar

NZDChf weekly upward channel

NzdChf is in a weekly uptrend and bullish at the moment
The weekly chart shows us the uptrend in NzdChf:
The fibonacci expansion of the move up within the channel is clear,
61.8% fibonacci expansion has been broken but price has returned back from the trendline
This retracement should lead to another move up
On the daily chart we might find our target area:
A rising trendline on the daily chart (green line) seems to be supporting the price
This leads it back to the 61.8% fibonacci expansion leve…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar
AdamFx42 15 Ago

Still holding trendline support - expect a move up soon

AdamFx42 avatar
AdamFx42 21 Ago

Price has broken below daily trendline now - let's see if it can correct back above again

AdamFx42 avatar
AdamFx42 26 Ago

Move back up above trendline support - almost on target again

AdamFx42 avatar
AdamFx42 31 Ago

Price of the pair holding nicely above 0.71 now - just 20 pips below my target, support and resistance levels were correct in my prediction and I am hoping to hit my target tomorrow

AdamFx42 avatar

Missed by only 4 pips - nice

oDejar comentarios
Avatar

AUDChf retracing down within a weekly bullish channel

AudChf is retracing downward within a weekly bullish channel
AudChf seems to be rising within a weekly bullish channel:
MACD and Stoch indicators point to bullish action, and price of the pair holds above moving averages
(I use DiNapoli 3x3, and 25x5 SMA's)
If we take a look at the daily chart:
We see clearly that previous highs were not taken out - indicating a pullback or retracement
I expect the pair- because it is bullish - to retrace to natural 61.8% fibonacci retracement
before a move up a…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar

Pair is moving exactly as predicted - 61.8% fibonacci retracement held the move down around 0.7250, and now AudChf is back above 0.7350 already - will see more upside probably

AdamFx42 avatar

Price is up to 0.7450 now - this is where I expect to see some retracement back down

AdamFx42 avatar
AdamFx42 21 Ago

Retracement back down indeed, and price holding just below target now - need 0.73 to act as support now

AdamFx42 avatar
AdamFx42 29 Ago

Bit above target now - 0.73 is obvious support, pair near 0.74now, see if it acts as resistance

AdamFx42 avatar
AdamFx42 31 Ago

Price just below 0.74 - about 50 pips above target

oDejar comentarios
Avatar

AUD/JPY retracing to retest weekly channel

Aud/Jpy has broken above a weekly channel and should retest the upper border
after breaking out of a weekly channel in a very strong move up,
I expect this pair to show some retracement down
On the weekly chart I have drawn the Fibonacci retracement levels,
and the 23.6% first retracement level is the only one above the weekly trendline;
I would expect the retracement te end here - around 100,
because the combination of the upper border of the weekly channel and 23.6% weekly level is strong supp…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar

Price has come down just below 100 to retest the breakout of the weekly channel as I expected
The combination of Fibonacci support, and the higher border of the weekly channel
has prevented the price from moving lower, price is above the 23.6% fibonacci retracement level
on the weekly chart, and price should start moving back up again now

oDejar comentarios
Avatar

NZD/JPY under bearish pressure

Nzd/Jpy has broken out of a bearish weekly channel to the downside
The retest of the lower border has left it below there, and has failed
The RSI and the MACD indicators are both bearish
and this puts a lot of bearish pressure on the pair
Nzd/Jpy weekly chart
The 100% weekly fibonacci expansion level has been broken to the downside too
and this indicates a further move down towards the 161.8% fibonacci expansion level
On the daily chart I have drawn the fibonacci expansion level of the last dail…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

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
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar
AdamFx42 19 Oct

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

AdamFx42 avatar
AdamFx42 30 Oct

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

oDejar comentarios
Avatar

AUD/SGD towards the lower border of a weekly channel

Aud/Sgd to me - has a beautiful technical setup,
all seems clear and price action is at work and speaks for itself
The weekly bearish channel the pair is in shows a strong bounce from the upper border
Price has broken through and retested the 61.8% fibonacci expansion level of the last weekly move down
The fast move down is supported by a bearish RSI, which should lead price further down to the lower border of the channel
Aud/Sgd weekly chart
On the daily chart we see that the 61.8% fibonacci ex…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar
AdamFx42 19 Oct

Price has held above 1.10 for now - this is to be expected, as it is a large psychological number to break

AdamFx42 avatar

Price moving towards the lower border of the weekly channel - see if it breaks

oDejar comentarios
Avatar

AUD/CAD to be defined by broadening wedge pattern

Aud/Cad has broken out of a weekly channel pattern to the downside
but seems now supported by a bearish trendline after a first retest of the lower border of said channel
On the weekly chart we can see this price action, the channel and the trendline
We also see that MACD is bearish, and RSI is low - there may be a reversal coming soon after these lows
Aud/Cad weekly chart
On the daily chart we see a contradiction in the MACD and RSI,
where RSI is low here, too, but MACD has become a bullish sig…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar
AdamFx42 19 Oct

This prediction is playing out as I expected:
The broken weekly trendline has been retested, and it has held the price below
which has set the basis for the newly formed wedge pattern -

AdamFx42 avatar
AdamFx42 30 Oct

Pair has tried to break back into the weekly channel but has failed - indicating that the weekly trendline lower border is indeed holding the price below
Lower border of trendline down = lower border broadening wedge pattern has acted as support,
so we are indeed inside the broadening wedge pattern now

AdamFx42 avatar

Price has bounced off the broken weekly trendline I mentioned and is moving down to the lower border
of the broadening wedge pattern - to lower border/daily support line

AdamFx42 avatar
AdamFx42 10 Nov

Price remains inside pattern as 0.97 turns to support now - low in place for the moment
Price slowly moving above 0.98 towards prediction area

AdamFx42 avatar
AdamFx42 15 Nov

Price is still following my prediction to the letter and I am on target now
upper border of the broadening wedge is holding the price below 0.99 for now,
and support is building up around 0.98

oDejar comentarios