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TECHNICAL OUTLOOK ON AUD/JPY

AUD/JPY is in uptrend, as recently published economic data suggests more growth to follows in Australia and China's GDP also beat market expectation which is major importer of Australia's natural resources.
TECHNICAL ANALYSIS: AUD/JPY is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/JPY is near the upper level of Bollinger band.
  • ADX is rising.
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TECHNICAL OUTLOOK ON CAD/JPY

CAD/JPY is in uptrend as Bank of Canada has started rate hike cycle after many years of constant rate. As the economic data suggests there is possibility of more rate hike in October 2017 I expect CAD/JPY to rise further
TECHNICAL ANALYSIS: CAD/JPY is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • CAD/JPY is near the upper level of Bollinger band.
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TECHNICAL OUTLOOK ON EUR/JPY

EUR/JPY is in uptrend. After French Presidential election it has reversed trend from downtrend to uptrend and recent economic data also suggests further economic growth. So EUR/JPY may continue uptrend.
TECHNICAL ANALYSIS: CAD/JPY is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • EUR/JPY is near the upper level of Bollinger band.
  • ADX is rising.
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USD/JPY MAY TRADE SIDEWAYS

USD/JPY may remain sideways till the next rate hike expectations rises. As Consumer Price Inflation starts rising US Dollar may start rising.
TECHNICAL ANALYSIS: USD/JPY is in sideways trend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • USD/JPY is above the middle level of Bollinger band.
  • ADX is constant.
  • MACD is in buy mode.
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TECHNICAL OUTLOOK ON EUR/USD

EUR/USD is in uptrend. Recently published economic data shows further economic growth. And all negative factors have been factored in EUR/USD so there is possibility of further growth.
TECHNICAL ANALYSIS: EUR/USD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • EUR/USD is near the upper level of Bollinger band.
  • ADX is rising.
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TECHNICAL OUTLOOK ON AUD/NZD

AUD/NZD is in uptrend on daily weekly and on monthly basis. Recently published economic data is positive enough for rate hike speculation. So I think AUD/NZD will continue uptrend.
TECHNICAL ANALYSIS: AUD/NZD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART: Next resistance of AUD/NZD is at 1.09558.
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TECHNICAL OUTLOOK ON AUD/USD

AUD/USD is in uptrend on weekly and on monthly chart. Monthly chart showing breakout. AUD/USD will rise further but before that some correction is expected.
TECHNICAL ANALYSIS: AUD/USD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • AUD/USD is above the upper level of Bollinger band.
  • ADX is rising.
  • MACD is in buy mode.
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TECHNICAL OUTLOOK ON EUR/CAD

EUR/CAD is in downtrend on weekly and on monthly basis. As Bank of Canada has first time started rate hike cycle. Recently published economic data suggests further rate hike in October meeting. So EUR/CAD may continue downtrend.
TECHNICAL ANALYSIS: EUR/USD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • EUR/CAD is below the middle level of Bollinger band.
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TECHNICAL OUTLOOK ON AUD/CAD

AUD/CAD is in uptrend on weekly and on monthly chart. Recently published economic data of both the countries is showing economic growth and rising rate hike bets. Bank of Canada started rate hike cycle in July meeting and further rate hike in October meeting is possible.
TECHNICAL ANALYSIS: AUD/CAD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
[list][/list]…
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TECHNICAL OUTLOOK ON EUR/GBP

EUR/GBP is in uptrend and near its upper range. Brexit negotiations are underway and after that I expect some correction in EUR/GBP.
TECHNICAL ANALYSIS: EUR/GBP is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • EUR/GBP is near the above level of Bollinger band.
  • ADX is rising.
  • MACD is in buy mode.
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