adamh20

adamh20

We are approaching a trend line which has dates back to early 2019, suggesting the price movement we see from this level is very significant. I would fully expect a retracement from this level, towards the support at 0.627. Let me know what you think.

adamh20

This pair could be very interesting this week as the support/resistance levels I have marked almost perfectly coincide with the 0.5 and 0.618 Fib levels. We have two options here - short on the breakout of the 0.5 level or buy into the breakout of the 0.618 resistance. My bias here would be bullish. Let me know what you think!

adamh20

We are in a period of consolidation for this pair. I would expect a retracement towards one of the supports labelled on my graph before we make another push to the upside, towards the resistance at 135.785. Hence there could be two buying opportunities for this pair with good R:R, depending on which support we bounce from. Let me know what you think!

adamh20

I am expecting the pair to retrace from the resistance it is currently experiencing, back down to the next 0.618 Fib level at 1.218. From here we can look for an opportunity to buy as I would expect the uptrend to continue from here, all the way up to the next level of resistance, at the 0.786 Fib level. Let me know what you think!

adamh20

This pair is currently sitting nicely in a descending triangle. Its base is quite a significant support, which we have tested on numerous occasions in recent months. Although once broken, we quickly saw a retracement without any prolonged downside. My bias is to the sell side, but we do have an opportunity to be bullish should the pair enter the buy zone, as...

adamh20

I hold a bullish bias towards this pair. After a strong bull run since the beginning of April, we have just had a retracement back towards a key support level. This support has proven to be significant, even as far back as July 2019. I would fully expect a bounce from this level, which will put us in the buy zone, as indicated by the chart. From a macroeconomic...

adamh20

We can expect further downside to the 1.766 resistance level, before a reversal of the short term downtrend, ready to resume the longer-term uptrend. We can open a short position, to benefit from the downside, before opening a long position ready for the reversal. Let me know what you think!

adamh20

The head and shoulders pattern is almost complete for this pair if we take a horizontal neckline. On top of this, New Zealand are releasing their Visitor Arrivals data, which will be down due to the current climate. However, there is a real chance these numbers could fall even lower than than forecasted, putting more downward pressure on NZD, further supporting...

adamh20

This pair has recently broke the resistance which forms the ascending triangle. Should another H4 candle close able this resistance, we can take this as very strong evidence that the uptrend is ready to continue. There is a key resistance formed by the 0.382 Fibonacci, so I believe this could be a good target, giving a very favourable R:R. Let me know what you think!

adamh20

The pair is approaching a long term resistance at the 1.252 level. Uptrend looks strong, so I would expect it to break this level. If it does, we can expect significant upside, until it encounters more resistance. This is likely to occur at the 0.5 Fibonacci level, so we have a favourable R:R. I will be looking for buying opportunities once an H1 candle closes...

adamh20

The pair is approaching its long term resistance once again, after failing to sustain the upside after breaking through in early March. An important thing to note is the long term resistance almost exactly coincides with the 0.786 Fibonacci, providing further evidence this is a key resistance. Should we break the 0.618 resistance, we can expect upside to the...

adamh20

From my analysis I believe USDCHF is a pair we should keep a close eye on - whether it continues its uptrend or reverses to the downside! Evidence to short this pair is the repeated retest of the diagonal support as it approaches the next level of resistance. As the pair is trading below its 200 day moving average, a reversal is definitely possible. However, we...

adamh20

Descending triangle almost confirmed, good entry could be the next bearish candle below the horizontal support as it confirms the pattern is complete. I would expect the resulting downtrend to continue until the 1.40 support level. Let me know what you think!

adamh20 Updated 

An ascending triangle pattern is developing as the diagonal support is repeatedly tested. I would expect the uptrend to continue until the horizontal resistance at the 0.854 level is tested (and possibly broken). Should the resistance be broken, we can expect the uptrend to continue towards the resistance at the previous double-top price level. Let me know...

adamh20

Diagonal support has been tested several times since March 19, as GBPCAD continues in its uptrend. I expect it to soon hit the horizontal resistance at the 1.74 level before reversing towards former support levels, as shown. A good entry could be after the H4 candle confirming a rejection of the horizontal resistance. Let me know what you think!

adamh20

GBP/CHF is currently trading below 200 day SMA, suggesting a downtrend. There is a clear head and shoulder pattern as shown in the chart - opportunity to short at the 1.189 neckline level if trend is confirmed by H4 candle. Please let me know what you think of this idea - I'd love to hear your thoughts!