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AUDUSD is expected to form a range trading

Monthly chart:
- Monthly chart is in clear downtrend as it falls well below the 50 SMA
- Bearish price action (small red circled) is comparatively smaller compared to the earlier (large red circled) showing that instead of retracement, this pair would create strong support/resistance to move for some time
- Considering the last 2 red candles ending up with Doji, the price is expected to move around this area for coming months
Daily chart:
- As in Monthly chart, Weekly chart also shows the reduc…
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ijayakumar 21 10月

Aussie dollar has started appreciating against USD, hence forecast might widen if Chinese economy and Aussie economy back on track!

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ijayakumar 11 11月

This pair is moving as it is expected so far and still very much in sight of the target. If Chinese data deteriorates again, then this pair value may widen from the expectation. But I hope, in any case similar surprise movement may be expected from USD!

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ijayakumar 26 11月

Australia is driving rapidly since the employment news event. Accompanying that, commodity price helped them to move even higher till Wednesday. But now, since the "Private capital expenditure" fall, this pair may come down and trade in 0.70 region from current 0.72!

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ijayakumar 27 11月

This pair is slowly coming out of the 0.72 region. If upcoming China data and Australia's Interest rate decision helps, this pair may reach the 0.705 mark!

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AUDJPY bearish trend to continue

Australia economy is still in weak condition, as it's largely dependent Chinese market hasn't received yet. Please find below the further analysis on chart,
Weekly Chart:
No real patterns or movement in the Monthly chart, hence picket up the Weekly chart for analysis. Please find below some if my inferences,
- Connecting previous high's and low's formed a downtrend pattern and it's expected to continue further, as no real support is found
- Recent strong bearish price action (circled in red) a…
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ijayakumar 21 10月

Aussie dollar has started appreciating against it's pair, hence forecast might widen if Chinese economy and Aussie economy back on track!

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ijayakumar 11 11月

Aussie is well over the expected price range and this gap may widen if Aussie starts appreciating. But given the circumstances, it is highly unlikely for Aussie to dominate JPY, as Chinese data starts worsening. Hence I believe that this target still in sight!

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AUDCAD bearish trend to continue

AUDCAD is in bearish trend since last year August and it is expected to continue, as strong Support is not found yet. Please find below further analysis.
From Monthly chart
- Only one green candle out of last 9 candles and that shows the weakness of this pair
- After Chinese data, this pair tries to go up but couldn't find any resistance and in the end formed a Top Doji which is another symbol of bearish trend continuation.
- As Price action shows strong downtrend, the price is expected to test…
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ijayakumar 21 10月

Aussie dollar has started appreciating against it's pair, hence forecast might widen if Chinese economy and Aussie economy back on track!

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ijayakumar 11 11月

This pair still in range trading between 0.91 and 0.95 and hence this pair may go zig-zag movement and a downside movement is highly possible from current 0.93 range and thus I believe this target is still achievable!

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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 10月

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

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EURUSD moving nice and slow positively

Please find the analysis from 4 hr chart.
- Nicely setting up a pattern move after the recovery from FED price moves.
- Price action shows good bullish encounter to overcome the red candles
- Strong Price action near 50 SMA yet the currency looks positive to go further before this week.
Please find the analysis from 1 hr chart,
- Green circle shows the clear bullish price action which would push the price further high
- Nicely setting up for a Fibonacci retracement and it is expected to go acc…
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ijayakumar 21 10月

This is still likely to happen!

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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 10月

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

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