HEMA30's Blog
USD/CAD MAY RETRACE TO HIGHER LEVEL.
USD/CAD is in downtrend but we see it can rise to the trend line level. In yesterday's meeting Fed has kept its three rate hike target for 2018 intact so this will boost USD's strength.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after touching 1.20 level.
2. CCI is headed upward and is at high level.
3. On Balance volumes risng as compared to earlier ones.
4. Ichimoku Cloud suggests it is in downtrend.
MONT…
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after touching 1.20 level.
2. CCI is headed upward and is at high level.
3. On Balance volumes risng as compared to earlier ones.
4. Ichimoku Cloud suggests it is in downtrend.
MONT…
NZD/CAD MAY RISE
NZD/CAD is in uptrend as we can see on weekly and on monthly chart, It has taken support at previous levels and reversed trend from there. On monthly chart it has consolidated for two months and now it is rising.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is headed upward.
3. On Balance Rising to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
So we can conclude selling h…
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is headed upward.
3. On Balance Rising to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
So we can conclude selling h…
CAD/JPY TO RISE
CAD/JPY is in uptrend on weekly and on monthly chart. Trend lines suggests that. It has reversed trend after touching its previous support at around 86.00 level. Japanese economy is still needed more support and vice versa if Canadian economy shows improvement in inflation then Central Bank may rise rate again so CAD/JPY may rise higher.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is…
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is…
AUD/NZD MAY CONSOLIDATE IN RANGE
AUD/NZD is in downtrend on weekly and on monthly chart. On a large view it is in sideways trend. So I expect it to remain in range. Currently it has reached its first support at around 1.083 level.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising from 1. 128 level.
2. CCI is headed downward.
3. On Balance volumes falling as compared to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
Monthly chart:
As m…
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising from 1. 128 level.
2. CCI is headed downward.
3. On Balance volumes falling as compared to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
Monthly chart:
As m…