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NZD/USD puts in a double bottom

AdamFx42 Posted 24 Mar. as Analysis on NZD/USD, Target: 0.7819, Date: 1st of May, 12:00 GMT  in #Technical analysis #Double Bottom #NZD/USD #Fibonacci Expansion Levels #Previous Highs #Stochastic Indicator
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…
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5 Comments
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AdamFx42 28 Mar.

The pair has bounced back from the 100% fibonacci expansion for now,
as I predicted and drew on my daily chart
I expect 61.8% level to act as support for the next move up now

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AdamFx42 3 Apr.

Support area has held the move down almost exactly as I drew out on my daily chart
and pair is back up challenging 100% fib expansion again,
the strong move up now should lead to a break of the level

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AdamFx42 8 Apr.

Exactly as I predicted is the price action now -- i hope it ends up well

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AdamFx42 19 Apr.

The pair has broken above the 100% fibonacci expansion level now
It should be clear towards my target on the daily chart now

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AdamFx42 29 Apr.

Move above 0.77 now, 100 pips to go

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NZD/CAD strongly Bullish, but resistance levels are looming

AdamFx42 Posted 24 Mar. as Analysis on NZD/CAD, Target: 0.9625, Date: 1st of May, 12:00 GMT  in #Technical analysis #NZD/CAD #Previous Highs #Daily Trendline #Strong Rsi14 #Weekly Fibonacci Expansion Target
Nzd/Cad is a strongly bullish pair at the moment, with previous highs being challenged
The weekly chart shows us a RSI_14 above 60, which is a bullish sign for the pair
Also the Fibonacci Expansion level of 61.8% of the last weekly move is just above the previous highs
I believe that Nzd/Cad will try to take out the previous weekly highs,
but it may be too much to break it on the first go - as this level is now a strong resistance area
due to the combination of previous high and fibonacci expans…
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4 Comments
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AdamFx42 28 Mar.

Pair has broken the trendline I drew on the daily chart, but 23.6% fibonacci retracement line
has stopped the move down, and pair is above the trendline again,
bullish and target already in sight

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AdamFx42 3 Apr.

Pair moving up after second test of trendline -- bullish looking now, towards target

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AdamFx42 8 Apr.

After yet another attempt at the daily trendline that I drew on the charts
pair fails to break below the trendline, so remains bullish
A strong move up happening now, should now target a break of 0.95

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AdamFx42 19 Apr.

The pair has moved below the daily trendline, and will have to break back above for my prediction to hold up

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A long way down looming for CAD/CHF

AdamFx42 Posted 17 Aug. as Analysis on CAD/CHF, Target: 0.8394, Date: 1st of October, 12:00 GMT  in #Technical analysis #CAD/CHF #Below Daily Trendline #Inverted Head And Shoulders Pattern #Previous Highs
On the weekly chart Cad/Chf seems to be on the move down, still;
a fibonacci expansion reveals a target area of below 0.74 - even:
Cad/Chf weekly chart
On the daily chart we see a pattern forming that may eventually lead to a further move down:
an inverted Head and Shoulders has been formed on the daily chart
after the pair has broken down through the daily trendline;
the target of this inverted H&S lies below daily trendline,
and - more importantly - below previous highs
which indicates that af…
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2 Comments
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AdamFx42 29 Aug.

daily target already reached, but double top has been broken to the upside, so downside is now uncertain

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AdamFx42 11 Sep.

The inversed head and shoulders target worked nicely, and if price reverses ddown again now
from previous daily trendline, my prediction will have been exactly right

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