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NZD/JPY MAY REMAIN SIDEWAYS

Recently published economic data of New Zealand is below expectations so NZD is getting weaker against its most of the counterparts. JPY has got some strength because of recent Geopolitical tensions in North Korea and United States. As JPY is safe haven.
Technical Analysis: NZD/JPY is in downtrend on weekly and on monthly basis. In major trend it is in sideways trend.
TOOLS USED: ICHIMOKU FIBONACCI RETRACEMENTS.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
MONTHLY CHART:
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VAISHU09 23 Nov

Today It has touched my target.

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EUR/USD MAY RISE IN EXPECTATIONS FROM ECB.

EUR rising in expectations that ECB may not extend quantitative easing beyond December 2017. As recently published economic data of euro zone and individual countries in Euro Area is well above expectations. So I expect it to rise to its next resistance of 1.23 level.
USD Fed chair Janet Yellen also gave indication of rate hike in December 2017. But it is already factored in by market as USD is up above from lower levels of this year.
Technical Analysis: EUR/USD is in uptrend on monthly and on w…
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NZD/CAD MAY SEE SOME RETRACEMENT FROM LOWER LEVELS.

Recently published economic data of New Zealand is below expectations Bank of Canada has raised twice this year as Canadian economy is doing exceptionally well in Continent. But recently Governor said this pace cannot be continued of rate hike so I think NZD/CAD may see some retracement as technically also it has reached its support. It support stands at 87.440. So from that level it can see some retracement.
Technical Analysis: NZD/CAD is in downtrend on monthly and on weekly chart.
Tools Used:…
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EUR/NZD MAY RISE ON ECB EXPECTATIONS.

EUR/NZD is in uptrend on weeknly and on monthly chart. Recently published economic data of New Zealand is below expectations and EUR rising in expectations that ECB may not extend quantitative easing beyond December 2017. As recently published economic data of euro zone and individual countries in Euro Area is well above expectations. So I expect it to rise and it may reach near its next resistance which is at 1.72752.
Technical Analysis: EUR/NZD is in uptrend on monthly and on weekly chart.
Too…
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VAISHU09 23 Nov

It may touch my target.

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VAISHU09 23 Nov

As today it is at 200 pips above my target price and in the correction it might go down.

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USD/JPY MAY RISE IN FED RATE HIKE EXPECTATIONS

USD/JPY is in uptrend on daily chart, but consolidating on weekly chart. As in September meeting Fed Chair Jannet Yellen indicated that there is probability of Fed rate hike in December and so USD/JPY is almost up 600 pips from low levels of 107.200. Now probability of Fed rate hike stands at 82% . I expect it to consolidate at the range of 114, so my target is at 114.070.
Technical Analysis: USD/JPY is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fibonacci Retracement.…
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TECHNICAL OUTLOOK ON EUR/AUD

EUR/AUD is trading sideways on weekly chart as economic data of both the countries is strong.
Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. I expect EUR/AUD to get some correction till its next Fibonacci support at 1.46380.
Technical Analysis: EUR/AUD is in correction mode on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fibonacci Retracement.
Charts: Weekly and Monthly Chart.
Weekly chart:
Monthly chart:
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TECHNICAL OUTLOOK ON NZD/USD

Recently published data like trade balance suggests New Zealand economic growth is on track again.Recently published economic data of United states is below market expectations and rate hike expectations by Federal Reserve is diminishing as economic data doesn't support Fed's inflation target. Also administration failure in passing key bills like healthcare bill. Then geopolitical tension in Asia Pacific region. So US Dollar getting weaker these days. As NZD/USD started uptrend after correction …
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TECHNICAL OUTLOOK ON EUR/CAD

EUR/CAD After reaching previous resistance started a downtrend. Its next support stands at 1.45309. Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. Bank of Canada unexpectedly rose it rate hike in 6th September 2017 meeting as economy is doing exceptionally well. Last quarter GDP growth was 4 %. Inflation is rising up as retail sales rising. So EUR/CAD got weaker. As it is near to its previous support I expect a retracement in it…
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TECHNICAL OUTLOOK ON EUR/NZD

After remaining sideways for many days EUR/USD had a breakout and it is rising from there. Its next resistance stands at 1.69295. Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. Recently published data like trade balance suggests New Zealand economic growth is on track again. So I expect a retracement after growth in EUR/NZD.
Technical Analysis: EUR/NZD is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fib…
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TECHNICAL OUTLOOK AUD/NZD

Recently published economic data of Australia is showing good economic growth. Just inflation is below expectation. There is speculation that RBA may start rate hike cycle from mid 2018 if data shows improvement. So recently AUD has strengthened its majors. Recently published data like trade balance suggests New Zealand economic growth is on track again. So I expect a retracement after growth in AUD/NZD.
Technical Analysis: AUD/NZD is in uptrend on monthly and on weekly chart.
Tools Used: Ichimo…
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