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Filtrar por etiquetas:  Weekly Trendline
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NZD/CAD supported by trendline and SMA for bullish move

Nzd/Cad is bullish and next weekly target seems a lot higher
On the weekly chart there is a bullish trendline from the last lows that has been around for months now;
this is depicted as the grey line on the weekly chart
The price is holding above the blue line too -- this is the weekly SMA-100
Stoachistic and RSI-14 indicators show bullish signs
and the fibonacci expansion level 61.8% that I have drawn from the last weekly move
shows a target just above previous highs -- near 0.97 -- this is the…
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AdamFx42 avatar
AdamFx42 26 Ene

Nzd/Cad holding position now - looking for retracement down,
as nzd is weaker, following weaker Aud

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AdamFx42 28 Ene

Nzd weakening more because of interest rate decision now
but Cad is also suffering from the FOMC today --  so pair is still above target,
need to break below 0.92 for my prediction

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AdamFx42 29 Ene

Below 0.92 now, and touched my target 3  hours ago,
need it to stay below 0.92 to have a chance now

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AdamFx42 29 Ene

Pair has stayed below 0.92 overnight and is just below target now - looking good

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AdamFx42 29 Ene

Although my target is reached from above instead of below as I predicted,
my predicted 61.8% fibonacci resistance area will act as resistance now, too
As it is around the 0.92 line this will become natural resistance for the pair

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NZD/CHF showing a potential weekly head and shoulders pattern

Nzd/Chf seems to be under pressure as a potential weekly head and shoulders pattern is visible
The RSI is low and the MACD indicates a bearish move
This combination makes it likely that the trendline on the weekly chart
may be broken to the downside:
Nzd/Chf weekly chart
On the daily chart we see how this may happen
and we can show you a target area:
Nzd/Chf daily chart
The daily bearish trendline is holding the price below it and will push it below the weekly bullish trendline
the RSI is low an…
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AdamFx42 avatar

Weekly trendline still holding price action above it
but it looks like it will not hold the price movement down - it is being tested for the third time in a month now
The next move will involve the playing out of the Head and Shoulders pattern if it breaks,
and the daily 61.8% fibonacci expansion is still in play too,
which should hold the price above 0.73 if trendline breaks

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NZD/CAD saved by a weekly trendline

Nzd/Cad seems to be on the way down at the moment
but has formed a weekly trendline that is bullish and can act as a support for the pair
The trendline has formed on the 61.8% fibonacci retracement level of the last weekly move up
and therefore should provide strong support,
as this is a natural retracement level as it is
Nzd/Cad weekly chart
On the daily chart we can see the price moving down towards this trendline
presumably to retest it - we also see the RSI moving up, indicating buyers in th…
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AdamFx42 avatar
AdamFx42 30 Oct

price is now moving exactly as I predicted it would - that is nice :-)
Continuation of recent move back up from the test of weekly lower border
should lead the price towards my target

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price action still going as expected - about 80 pips below target now

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AdamFx42 10 Nov

Target almost reached now  - price playing out exactly as I predicted,
still moving up slowly now towards target around 0.887 with 50% fibonacci weekly retracement now broken definitely, 100% fibonacci daily expansion just below 0.89 next target,
which I predicted would hold price below it until end of month

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AdamFx42 15 Nov

Price has broken above 0.89 - but moving down again now,
0.90 has held the move up as predicted - this is the 38.2% weekly fibonacci retracement level,
looking for the price to hold around 0.89 now

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AdamFx42 26 Nov

0.89 looks to be resistance now - price is holding above 0.88, which will hopefully act as support,
need 40 pips to the upside for my target

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Weekly trendline holding in NZD/USD

Nzd/Usd is currently challenging a long-term weekly trendline up,
the signs are there that a low is in place for now - and retracement up
will lead to rejection of breaking out of the weekly trend and a continuation upward for this pair
On the weekly chart we see that the trendline holds for now,
and if a low - last week - is indeed in place,
then the fibonacci expansion of 61.8% of the last weekly move is obtainable:
Nzd/Usd weekly chart
On the daily chart we see the challenge of the weekly tre…
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AdamFx42 29 Ago

weekly trendline has held the downside

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NZD/JPY forming the last leg of a weekly 'M'

Nzd/Jpy seems to me to be a typical case of PA - price action,
if we take a look at the weekly chart;
the price has moved below the weekly trendline upward after some weeks of sideways action or consilodation
and is forming a M-pattern - a bearish pattern indicating a reversal:
Nzd/Jpy weekly chart
On the daily chart we find that the move down from the top of the last leg of the M-pattern
leads to a fibonacci expansion area of 61.8% that lies just below 85,
the same area as where the last leg sh…
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AdamFx42 avatar

Price moving a bit higher, but I expect it to stay below 88
because a stronger move up would cancel the weekly  'M' pattern

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AdamFx42 11 Sep

On its way down again now after a retest of lower weekly border

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AdamFx42 27 Sep

even more Nzd weakness may still lead to target

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AdamFx42 29 Sep

Yes - the 'M- pattern on the weekly chart has been formed just in time,
price is just 10 pips above target just now

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unfortunately - for no real reason - Nzd is moving higher, and price has moved away,
need a drop in Usd/Jpy - for example- to break lower again

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EUR/NZD held up technically for now

The weekly trend on Eur/Nzd is bullish - a trendline supports the price action,
and the long term fibonacci expansion target of 61.8% lies around 1.68:
Eur/Nzd weekly chart
On the daily chart the fibonacci expansion of the last move up of 61.8% is around 1.598
and latest retracement down has been supported by the 38.2% of the last move up
if we look at the fibonacci retracement:
Eur/Nzd daily chart
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AdamFx42 avatar

Lower weekly trendline still holding - move up still expected

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AdamFx42 11 Sep

price ready to take out previous daily highs now - or fail .. of course
good steady move up - hope it continues this way, target will be reached then

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AdamFx42 23 Sep

price action doing well for me - close to predicted target now - daily highs taken out

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AdamFx42 27 Sep

Target and 1.6 taken out, need some retracement and retest of 1.6 level

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EUR/AUD on its way down to support area

Eur/Aud is supported by a weekly trendline for now,
but on the daily chart lies room for a further move down from current position
The weekly trendline comes in around 142.5 at the moment
and fibonacci expansion points to a long-term target area of 158 on the weekly chart:
Eur/Aud weekly chart
On the daily chart we find that although the pair has broken upward out of a bearish daily channel,
the fibonacci expansion of 61.8% of the last downward move points to an area around weekly support line;
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AdamFx42 29 Ago

Daily fib support at 61.8% failed to hold, but 100% is holding price above 1.41

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AdamFx42 11 Sep

Big dip down to 1.38 - did not see that coming
price is moving back up to target area now, though

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AdamFx42 16 Sep

price has moved back to my target area

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Bearish Resumption Expected after strong signal down in EUR/CAD

Eur/Cad would seem to be reversing from highs - with a top in place -
and showing a strong bearish case for a (fast) move down
Euro is weak at the moment and fundamentally under strong pressure
as the ECB intend to lower interest rates coming June
Technically, we will probably see the Euro lose ground against all majors
and this would seem most evident in Eur/Cad:
On the weekly chart we see that there is plenty of room down towards the weekly trendline,
we also see a very strong bearish candle p…
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AdamFx42 10 Jun

1.48 holding for now - we should see a move back towards 1.485 area before another push down

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AdamFx42 12 Jun

Target accomplished when price action pushed down some more, need to see a small bounce back up now

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AdamFx42 12 Jun

price is stuck between the two support area's that I predicted now - a close just below inbetween these two levels would be perfect

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AdamFx42 19 Jun

price is hanging around in the right area for now - seems like an 1.47 support area is building

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AdamFx42 24 Jun

priced has dropped further and target from daily H&S has been hit - looking for a bounce back up now

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