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AUDJPY is promising so far in search of bullish channel

Australia had a bad time along with declining Chinese trend and economic breakdown. Once Chinese economy started finding its way, Australian economy started developing in good pace along with promising employment data. On the other hand, Japan is struggling to achieve the inflation target even though unemployment is very low now, which shows that there are some fundamental weakness over wage and salary hikes. In line with that, please find the Technical analysis of AUDJPY as below,
Monthly chart
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EURAUD shows some hawkinshness but still struck in bearish range

EURO had some promising run for past 2 days over ECB's turnaround in not easing too much on the policy. EURO had great run against most of it's pairs. But the EURO still has lot of hurdles to move to gain the real bullish channel. Now, we will see the Technical analysis of this pair as follows,
Monthly chart:
- This pair had strong bearing run for last month starting from the doji which shows the bearish run was so strong.
- Current month had sudden counter spike which is good enough to stop th…
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taimasik avatar
taimasik 28 Дек.

thanks for the article!

ijayakumar avatar
ijayakumar 28 Дек.

thanks for your support!

AnastasiyaBauer avatar
AnastasiyaBauer 7 Февр.

good text..

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AUDCHF in a swift move and expected to continue

AUDCHF is on a rampage since the Australian employment data fueled by Swiss franc weakness over Euro cutting down its deposit rate. Along with fundamental, please find the technical analysis of this pair as below,
Monthly chart:
- This pair has jumped out of the double bottom swiftly and no pullback has happened and no major weakness seen so far
- Before the pullback, two consecutive center doji explaining the change in direction of the trend and it has been a strong reverse trend since then an…
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GBPNZD may go high if NZ business activity fails

Great Britain had a worst week and it is expected to appreciate now, before moving into a decider. If, Today's NZ business activity fails to meet the forecast, then there is a high possibility that GBP may take a short bull run NZ. Please find the 4 HR chart analysis of GBPNZD,
The chart clearly shows that the weakness of this pair again brought down to 2.3 range. But, as the previous action in November 2nd week suggests, now the price is struggling in same price movement and we can expect a bu…
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EURNOK setting up for high ahead of NOK unemployment data

At last EURO is showing some consecutive green candles and Norway's Unemployment data expectation triggering it to sell. Please find the analysis of 4HR chart of EURNOK,
As the chart shows, after contracting the price action in small range, this pair is slowly showing upside with consecutive green candles. If the pace picks up as expected, this pair is expected to hit the 9.24 price soon!
Happy trading everyone!
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EURGBP may recover if Technical indicator helps

EURO is trying to recover slightly against GBP, but there are no evident moves from Euro to show some bullish channel. Please find the analysis on EURGBP daily chart,
As the price action suggests, this pair may recover and trade above 0.7086 which will allow it to extend the bullish run near to 50 SMA or 0.72. Else, in another case it may form a double bottom which may lead the bearish channel and touch the 0.68 mark.
Good luck everyone and Cheers for ThanksGiving day!
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EURTRY broke the bearish trend

Turkish lira started loosening up since the interest rate decision discussion has started. Yesterday, the interest rate was kept as it is and till now it seems that Lira is continuing it's bearish run. In line with that, EURTRY broke the strong bearish trend and it may well continue for some more time. Please find the EURTRY daily chart analysis,
As the chart clearly shows, the bearish trend is broken and clearly running with green candles. We may enter the trade LONG using some technical indic…
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GBPCAD showing weakness may become bearish for short term

Last week was not so good for both GBP and CAD, but I believe the fate of GBP may continue for some more days, as 8 HR chart suggest that it stuck up almost at double top. Please find the analysis on GBPCAD 8 HR chart,
As the chart shows, this pair has formed lot of upside doji's showing the weakness of this pair to grow stronger. Hence a short term bearish run will be possible if the price fall below the pink line, which might lead to all the way around 2.0020 region.
Good luck everyone for ne…
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EURNOK suggests a short term upside break

EURO has had a better day so far with Euro Index staying in positive till now. Keeping in aligned, when I analyze the EURNOK chart, I believe it is ready for a short bullish run to take some profit. Please find below the chart analysis,
As the chart shows, the price is started breaking the previous bearish move and soon it may take a short bullish run. It is better to enter the trade at 9.263 and TP 9.31. Happy trading!
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tdbatinkov avatar
tdbatinkov 20 Нояб.

did you open a position?

ijayakumar avatar
ijayakumar 20 Нояб.

Ya, I lost some pips!

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NZDJPY may continue it's downtrend

NZDJPY started trading on the downside since last month end and it may continue further on the downside. Price action also shows less movement on the upside and strong red candles on the downside which again suggests further weakness in this pair. Please find the chart analysis,
As the charts shows, the prices are moving in downtrend but with less movement which suggests that a breakout may happen soon. But for now, this pair may continue on the downside and selling is a good option.
It is bett…
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