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NZD/CHF backing down from 61.8% weekly fibonacci retracement

AdamFx42 Przesłano 24 Mar jako Analiza NZD/CHF, Cel: 0.7119, Data: 1 z Maj, 12:00 GMT  w #Technical analysis #NZD/CHF #Downward Action #Weekly Fibonacci Retracement #Daily Bearish Divergence
Nzd/Chf is topping out after retacing 61.8% on weekly fibonacci level
After the Swiss pulled the rug out from under their currency,
all pairs have been climbing back up - recovering from the huge drops they made
Nzd/Chf has reached 61.8% weekly fibonacci retracement level,
and will probably start to fail, and drop back down from here - RSI_14 is around 50
Nzd/Chf weekly chart
On the daily chart we can see that the Stochastic indicator is showing bearish divergence
- the price is moving up, but …
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4 Komentarze
AdamFx42 avatar
AdamFx42 28 Mar

pair is looking weak, but not much happening yet

AdamFx42 avatar
AdamFx42 3 Kwi

pair has now moved down to 50% fibonacci retracement on my daily chart and is holding just above
Need this level to break for a move towards my target and next fibonacci level

AdamFx42 avatar
AdamFx42 8 Kwi

Target was almost hit a couple of days ago, as i predicted
but now the pair is moving back up strongly above 50% fibonacci retracement level
I will need a change in nzd sentiment for another move down

AdamFx42 avatar
AdamFx42 30 Kwi

Nzd has retraced from the top against usd and the move has brought Nzd/Chf down, too
Just 30 pips above target now

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AUD/USD retracing before another move down

AdamFx42 Przesłano 11 Sty jako Analiza AUD/USD, Cel: 0.9151, Data: 3 z Marzec, 12:00 GMT  w #Technical analysis #AUD/USD #Fibonacci Expansion #Retracement #Downward Action #Resistance Area
I believe that current action in Aud/Usd is part of a retracement before another move down that will lead to a target area around 0.87
In this analysis I will go into that price action
On the 3rd of March the price should have reached maximum high because the retracement will reach strong resistance
First of all, on the weekly chart I have drawn the Fibonacci Expansion of the last move down,
that gives us a 61.80% expansion target that lies just below 0.87
The low RSI_14 - below 40, leads me to …
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2 Komentarze
AdamFx42 avatar
AdamFx42 1 Luty

target area 0.87 has been reached - now the bulls seem interested, this should start the move up

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AdamFx42 13 Luty

It seems 0.905 held the upside, I think it is down from here.....

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