In the past week I published three analyzes, so let’s see how the market verified them, whether we were able to predict the future of the three currency pairs NZDUSD, GBPCHF and USDJPY.
Monday 22.10 – analysis of “NZDUSD – triple divergence on the daily chart”
I considered two versions of events, more expecting increases, but because the trend line was not yet overcome, I took into account the opposite variant:- “The MACD oscillator should be observed, in the case of a lower bar (red) may be created a bearish divergence ( -), the price may not reach the mentioned supply zone and start to turn down. If the pair does not deal with the trend line, and the MACD starts to decrease, it will be a confirmed strong sell signal. “
And this version of events turned out to be the right one. There was a maximum on the MACD, the red lower bar on the histogram, divergence was created and the pair began to decline. Correct analysis and still betting on increases in the coming week.
Wednesday 24/10 – “GBPCHF – successful retest after breaking the triangle”
My interest in this pair is already lasting for the third week in the row and I admit that it was worth taking the time to analyze it in detail because in each case the previous predictions gave the opportunity to play profitable trades. In this analysis, I predicted declines – quoted: “In the H4 chart, we see that the price after breaking the triangle support has turned back and tested it already as resistance from the bottom, and the testing candle has a long upper wick signalling that the retest is effective. It is probable that further declines towards the nearest support, which is in the vicinity of 1.2815, MACD on D1 is still declining which currently supports the downward scenario.” – Good analysis, trades closed also (+ 150p).
Thursday 25/10 – “USDJPY – on the uptrend line”. Although only two sessions have passed since the writing, a scenario outlined in this analysis has already been partially implemented. The pair after the initial attempt to rebound from the trend line, today beat it, and the declines reached the level of 111.40 and then the price turned back to the defeated support (trend line), which is now a dynamic resistance. Good analysis, implementation also (+ 88p). The next week will probably also be marked by declines, at least to the levels set in Thursday’s analysis.
Summing up the last week, I collected 240p on the basis of the above analysis, two orders (NZDUSD) currently in the game.