AdamFx42's Blog

Avatar

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
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar
AdamFx42 29 Ago

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

AdamFx42 avatar
AdamFx42 11 Sep

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

AdamFx42 avatar
AdamFx42 16 Sep

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

AdamFx42 avatar
AdamFx42 23 Sep

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

AdamFx42 avatar

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

oDejar comentarios
Avatar

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…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar

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

AdamFx42 avatar
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

AdamFx42 avatar
AdamFx42 11 Sep

Pair already testing 1.99 now - strong move up,

AdamFx42 avatar
AdamFx42 16 Sep

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

oDejar comentarios
Avatar

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…
Lee el artículo completo
Traducir a inglés Mostrar original
AdamFx42 avatar

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

oDejar comentarios