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Filtered by tags:  Weekly Uptrend
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AUD/JPY expected to challenge recent highs

Aud/Jpy looks to challenge recent highs, as we see an upward channel on the weekly chart:

Aud/Jpy weekly chart
On the daily chart we can see a lot of bullish pressure as every move down leads to heavy buying
hence the long shadows on the candles,
we also find that Fibonacci expansion 61.8% of the latest move up
leads us to a target area to break the previous highs:
Aud/Jpy daily chart
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AdamFx42 29 Aug.

Already overshot my target by a 100 pips - got the direction right, but not the magnitude of the move,
will wait and see if the upper border of the weekly channel holds for retracement down

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AdamFx42 11 Sep.

Top border of weekly channel has held the move up and retracement is on now

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AdamFx42 16 Sep.

need more retracement to hit my target - a retracement of Usd/Jpy down would help my cause

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AdamFx42 23 Sep.

price has reached target today, and is just 40 pips above now, a little move down should still come

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AdamFx42 1 Oct.

Now down too low - price is moving up nicely now, though
Need a strong move in Yen - like Usd/Jpy break of 110 to bring me to my target

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GBP/NZD on its way back up to break 2

Gbp/Nzd is in a steady, but choppy uptrend and seems on its way back to 2
On the weekly chart we can see the trendline upward,
and we see that 61.8% fibonacci expansion of the previous move up has held the price down for now:
Gbp/Nzd weekly chart
On the daily chart, though, we see that the retracement now could be a low,
and that the pair is ready for a stronger move up - to break resistance of the move before;
the target of this move - if we take fibonacci expansion again - 61.8% is around prev…
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AdamFx42 2 Sep.

We are moving in the right direction - analysis seems to be right here

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AdamFx42 10 Sep.

After a steep decline - to 1.93 - price is moving back up again now around 1.96,
soft data today for Nzd, and a Gbp recovery after the Scottish election is over
will lead this pair towards 2

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AdamFx42 11 Sep.

Pair already testing 1.99 now - strong move up,

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AdamFx42 16 Sep.

my target was hit yesterday - see if we can find another move up

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AUD/CAD still bullish for now

Aud/Cad seems to be in a daily and weekly uptrend at the moment,
the next immediate target should be a move up again next month to a daily Fibonacci expansion
On the weekly chart we see price action move up after putting in a low just below 100,
and Aud/Cad is now moving above parity again,
this is also supported by a stronger and bullish Aud/Usd at the moment:
Aud/Cad weekly chart
If we zoom in on the daily chart to find the closest target,
we find that the last move this pair has made gives us…
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AdamFx42 6 Sep.

price is supported by daily trendline that I drew out,
slowly pushing towards target area

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