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USDJPY | PRICE MAY SOAR TO 116 LEVELS

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USDJPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone and rising.
  • The RSI is rising.
  • The Stochastics is also rising.
  • The pair has closed the week above 50 periods SMA.
Keeping these facts in mind the pair may see an up move in coming weeks.
USDJPY Daily Chart
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killer195175_reborn avatar

UPDATE_1
The pair has closed the week inside the falling channel. The government shutdown in the US is a threat for the pair in coming days. If it does not break out of this falling channel on the upside then the target of 116.00 seems very far. Only a miracle will be able to take us to 116.00 in one month time. Let us hope that such a miracle happens as it is not a new thing for USDJPY ~_^.

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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…
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AdamFx42 avatar
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

AdamFx42 avatar

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

AdamFx42 avatar

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

AdamFx42 avatar
AdamFx42 19 Kwi

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

AdamFx42 avatar
AdamFx42 29 Kwi

Move above 0.77 now, 100 pips to go

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NZD/CAD strongly Bullish, but resistance levels are looming

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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AdamFx42 avatar
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

AdamFx42 avatar

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

AdamFx42 avatar

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

AdamFx42 avatar
AdamFx42 19 Kwi

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

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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AdamFx42 avatar
AdamFx42 29 Sie

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

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AdamFx42 11 Wrz

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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