AdamFx42

AdamFx42

The risk-off sentiment surrounding the markets at the moment seems in favor of Nzd and Aud Nzd/Chf has a nice setup: Price is rejecting lows around 0.6260 This level is also 61.8% Fibonacci Expansion target on the 4 hour chart This level is acting as a support area and a possible target for Nzd/Chf Above the target we see a bullish engulfing candle has...

AdamFx42

Nzd/Chf is showing a nice Bullish engulfing candle on the 4hr chart Just above 61.8% Fibonacci Expansion target - which now could act as a support The Stochastic indicator shows a slight bullish divergence too, and price seems to be rejecting the lows around 0.6260 I am long Nzd/Chf with a first target of taking out previous highs around 0.64, second target is...

AdamFx42

I am long Aud/Usd and here is why: Weekly/daily Fibonacci Expansion level/target 61.8% expansion lies just below 0.75 (Fib Expansion 1) Daily Fibonacci Expansion level 100% expansion is just below that at 0.746 (Fib Expansion 2) Current price action is moving down fast - long daily bearish bar down, so I expect price to move lower towards Fib Expansion 2 level...

AdamFx42

Whatever happens with Greece now - it will probably way down on the Euro area and the currency The whole things has become tedious and seems without end: In case of a Grexit the Euro will probably enter a (slow) decline; in case of a 'yes' vote tomorrow, the Euro will show (maybe) a relief rally and when everyone realizes again that the negotiations and BS will...