ijayakumar's Blog

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USDCHF is struck in a range without trend or direction

Swiss franc has given up completely since a month and everyone was expecting that it would continue for long considering the decrease in Euro deposit rate. But to the surprise, it was welcomed by the investors and EURO and FRANC had great run for last 2 days. In line with that please find the technical analysis,
Monthly chart:
- This pair shows low weakness since 2011 mid and since then downward movement was less and occasionally it peeped out (Jan 2015) but formed as a doji which again shows t…
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taimasik avatar
taimasik 28 Dec.

was interesting to read!

AnastasiyaBauer avatar

smart ideas!

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EURUSD may make a bull run from now

In Yesterday and day before yesterday blog, I have mentioned about the short term possibility of EURO bullish run. But when we consider about today's statistics that EURO shares was flying high, USD started weaking, I believe EURO is ready for next bull run to 1.1 and even more. Please find my analysis on daily chart,
The chart shows that the current red candle crossing the previous bearish trend line within a day from bottom shows that this bull run may persists for more time. If the price cro…
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tdbatinkov 20 Nov.

may be it is time for correction

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ijayakumar 20 Nov.

yes, next week I am expecting the EURO to atleast go over USD for 100 - 200 pips!

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tdbatinkov 20 Nov.

corrections are not so relayables

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CADJPY is expected to continue short bullish channel

CADJPY is slowly recovering from Chinese hit back with lot of Doji's which shows the existing downside pressure and also the Risk Off trading. But as the recovery is slowly stabilizing, I expect this pair to move high with bullish channel. Please find the chart analysis,
Monthly chart:
- This pair has formed a nice range trading since mid of 2013 between 92 and 105
- Recent breakout suggests a downside breakout but it appears to be a false breakout, as the pair is slowly approaching to their pr…
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ijayakumar 20 Nov.

CAD is still moving slowly, but it has more time to develop it's bull run against Yen. Hope Canada picks up the race starting from the current CPI value.

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AUDCAD is expected to trande in defined range

AUDCAD is cornering it's Support and Resistance level and hence it is expected to breakout possibly downside soon. Please find my analysis using the charts,
Weekly Chart:
- This pair has bounced back from 0.9170 price action range where the same scenario happened in 2013 also, which indicates that this level would be considered as a strong Support level.
- Upside movement has lot of Doji's and also the price action touching the trend lines or nearer to it is very minimal which shows that this p…
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ijayakumar avatar
ijayakumar 20 Nov.

Aussie dollar has started it's bull run against all the pairs more than what has been expected. Hence it may seem like this pair may finish well above the expected value unless if Chinese deteriorates again.

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USDZAR is expected to retrace

USDZAR had an absolute spike since this year starting and now considering the FED's interest rate decision and economy slowdown, it is expected to retrace a little before beginning the bull move again. Please find the chart analysis,
Monthly chart:
- Since 2011, the bull has started it's run in nice range and in 2015 it was more than a bull but a spike.
- As chart shows a long downside red candle which is almost a doji, it is expected to be a sign of retracement. Because every bull move needs a …
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ijayakumar 11 Nov.

USD was more bullish than expected last week because of surprise NFP. But still I believe USD will depreciate and it may come close to my prediction!

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ijayakumar 20 Nov.

USD is driving on Interest rate decision and hence reaching the expected value seem impossible!

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EURAUD is expected to form a range trading

As Aussie dollar starts appreciating against it's pair, it is expected to form a pattern with Euro before going further bearish. Please find the chart analysis,
Weekly chart:

- As suggested in the weekly chart, this temporary bearish move is expected to be a retracement for sometime
- Recent candle pattern also suggests a short term bearish move
Daily Chart:

- As drawn in daily chart, this pair is expected to form a range trading for upcoming days
- Previous support may act as a new resistance…
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ijayakumar 19 Oct.

So far, the price ranging is within the limit!

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ijayakumar 11 Nov.

Euro's continuous dovishness kept this pair away from 1.54 range. But in coming weeks, Aussie dollar may go down as Chinese data started deteriorating again. Hence I believe that this pair is still on track to reach the target!

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ijayakumar 20 Nov.

Euro's continuous dovishness and Aussie's appreciation making this pair to trend down and it may even continue the same for next week as well. It doesn't seem like coming above 1.5 in near time!

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AUDNZD is trading with excellent Support/Resistance

AUDNZD pair is expected to continue it's range trading, as it's trading with excellent Support and Resistance. Please find the analysis using charts,
Weekly chart:
- Weekly chart is clearly showing the struggle between the drawn pattern lines
- This pair is trading excellently in a range which is expected to continue further
- The same Resistance level is struggled in 2014 which shows that this level might breakout but not in near future
Daily Chart:
- Daily chart just validates the informatio…
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ijayakumar avatar

As NZ currency is getting stronger, this pair is expected to go bearish and end up in 1.07 range.

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AUDJPY is about to breakout

AUDJPY is in strong downtrend since the Chinese economic collapse and it seems that the bearish outlook will continue.
From daily chart,
- The candles are setting up well below the 50 SMA which shows that it is in clear downtrend
- Price action shows that bearish candles are very strong but Green candles are weak and has lot of Doji's
- In this case, it is expected that this pair will go down further by this week.
From 4 hr chart,
- 4 hour chart also below the 50 SMA with weak green candles
- …
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ijayakumar 21 Oct.

Aussie dollar has started appreciating against it's pair, hence forecast prediction will be widen!

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GBPNZD bearish trend to continue

Great Britain is expected to continue it's correction, as the fundamental data is expected to be bearish for this week, as the Manufacturing and Construction sector are really dull and also GDP is expected to be lower than expected as well. Please find below the economic calendar outlook.
Please find below the GBPNZD 4 hour chart,
- Chart movement shows slightly up whereas the OBV clearly showing the loss of interest from buyers.
- Price also fall below 50 SMA and unable to recover from it, as …
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ijayakumar 21 Oct.

Considering the strength of NZ, this forecast will be widen!

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