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NZD/USD has formed a 1-2-3 formation and is likely to exptend to 1-2-3-4-5 elliot emotive waves. The pair is likely to fall towards 0.7006 and further towards 0.67425.
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USD/JPY still to challenge previous highs
Usd/Jpy still has to break previous highs I believe
There is a monthly target above 130:
The retracement down to 116 level not too long ago and the subsequent bounce has set the way
for a challenge of previous highs and a fibonacci expansion level points above 130 for the pair
Let us look at the weekly chart for more clues:
Weekly fibonacci expansion shows us a level above 124, if 116 can act as support
If the pair will break below 116 then these levels will change
On the daily chart we see the …
There is a monthly target above 130:
The retracement down to 116 level not too long ago and the subsequent bounce has set the way
for a challenge of previous highs and a fibonacci expansion level points above 130 for the pair
Let us look at the weekly chart for more clues:
Weekly fibonacci expansion shows us a level above 124, if 116 can act as support
If the pair will break below 116 then these levels will change
On the daily chart we see the …
NZD/USD puts in a double bottom
Nzd/Usd has put in a double bottom on the weekly chart, and looks very bullish
The pair looks to have recovered quickly from lows around 0.72, and is moving up fast
On the weekly chart we see the double bottom, the stochastic indicator pointing up sharply
and the price has already broken previous highs as I type this
Nzd/Usd weekly chart
On the daily chart I have set out the fibonacci expansion levels of the double bottom,
the 100% fibonacci expansion level lies just above previous daily highs a…
The pair looks to have recovered quickly from lows around 0.72, and is moving up fast
On the weekly chart we see the double bottom, the stochastic indicator pointing up sharply
and the price has already broken previous highs as I type this
Nzd/Usd weekly chart
On the daily chart I have set out the fibonacci expansion levels of the double bottom,
the 100% fibonacci expansion level lies just above previous daily highs a…
NZD/USD performing a round trip
Nzd/Usd is looking bearish at the moment, but strong support is holding it up
On the weekly chart we see a double bottom in place, this is a natural support for the pair
The weekly RSI-14 is low at the moment, which makes me believe this area may be retested,
or the price will at least move towards it again
Nzd/Usd weekly chart
To try and get a clearer picture of where the price action may bring us, I will use the daily chart
Here I have drawn the Fibonacci expansion level of the latest move,
an…
On the weekly chart we see a double bottom in place, this is a natural support for the pair
The weekly RSI-14 is low at the moment, which makes me believe this area may be retested,
or the price will at least move towards it again
Nzd/Usd weekly chart
To try and get a clearer picture of where the price action may bring us, I will use the daily chart
Here I have drawn the Fibonacci expansion level of the latest move,
an…
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…
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…
USD/CAD weekly trendline to be retested
Usd/Cad looks very bullish at the moment,
but some of the targets are close-by and may lead to the pair retesting the lower border of
the weekly bullish trendline
On the weekly chart we can see the bullish weekly trendline
and the weekly fibonacci expansion target of 61.8% just below 1.13
Usd/Cad weekly chart
On the daily chart there is another fibonacci expansion level of 61.8% of the last daily move
around 1.132 - just about the same level as the weekly target of expansion
These two levels tog…
but some of the targets are close-by and may lead to the pair retesting the lower border of
the weekly bullish trendline
On the weekly chart we can see the bullish weekly trendline
and the weekly fibonacci expansion target of 61.8% just below 1.13
Usd/Cad weekly chart
On the daily chart there is another fibonacci expansion level of 61.8% of the last daily move
around 1.132 - just about the same level as the weekly target of expansion
These two levels tog…
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…
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…
GBP/CAD to challenge previous lows
Gbp/Cad looks ready to challenge (and break) previous lows
On the weekly chart the price action looks bearish, and a high looks to be in place
The 61.8% fibonacci expansion level of the latest weekly move lies around 1.76
where the previous weekly lows are too - this could be another attempt to break these lows
Gbp/Cad Weekly Chart
On the daily chart we see more interesting technicals:
the declining trendline is around the same level as the latest daily fibonacci 61.8% expansion level
which both…
On the weekly chart the price action looks bearish, and a high looks to be in place
The 61.8% fibonacci expansion level of the latest weekly move lies around 1.76
where the previous weekly lows are too - this could be another attempt to break these lows
Gbp/Cad Weekly Chart
On the daily chart we see more interesting technicals:
the declining trendline is around the same level as the latest daily fibonacci 61.8% expansion level
which both…
CAD/CHF riding a bullish weekly channel upwards
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…
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…
Weekly trendline support for AUD/NZD
Aud/Nzd still looks definetely bullish
MACD and RSI are both bullish on the weekly chart
and the price is now supported by a weekly bullish trendline
The 61.8% fibonacci expansion level of the last weekly move should be the next weekly target
and it lies above the previous highs at 1.1335
Aud/Nzd weekly chart
On the daily chart we find that the 61.8% fibonacci expansion level of the last daily move
coincides with the lower border of the weekly trendline
and this combination should strengthen sup…
MACD and RSI are both bullish on the weekly chart
and the price is now supported by a weekly bullish trendline
The 61.8% fibonacci expansion level of the last weekly move should be the next weekly target
and it lies above the previous highs at 1.1335
Aud/Nzd weekly chart
On the daily chart we find that the 61.8% fibonacci expansion level of the last daily move
coincides with the lower border of the weekly trendline
and this combination should strengthen sup…