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TECHNICAL ANALYSIS ON USD/JPY

USD/JPY is in downtrend after making high of 118.60 this year. After US Presidential elections lot of expectations generated related to tax reforms and more rate hikes. But recent US economy is passing through transition phase and Fed will wait for more strong economic growth for further rate hike.
TECHNICAL INDICATORS: STOCHASTIC MOMENTUM INDICATOR, TREND LINES, FIBONACCI RETRACEMENTS.
CHARTS: WEEKLY AND MONTHLY CHART
WEEKLY CHART: Its next resistance is at 111.576. Support levels are 107.195.
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GOLD POSSIBILITY OF UPTREND

Gold has lifetime high around 1900-1940. Last year it has made high around 1400. After touching low around 1100. It has started uptrend again. Trend line suggests it has break the range and may start uptrend.
TECHNICAL INDICATORS: STOCHASTIC MOMENTUM INDICATOR, TREND LINES, FIBONACCI RETRACEMENTS.
CHARTS: WEEKLY AND MONTHLY CHART
WEEKLY CHART: Its next resistance is at 1380. Support levels are 1291.
MONTHLY CHART:
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GERMAN INDEX POSSIBILITY OF UPTREND

German economy doing good. Last year it has made high around 12950 and after that consolidation there was correction it it. Now again it has started uptrend. Elections are there in Germany and after election I expect it to try to touch previous high so my target is 12720.
TECHNICAL INDICATORS: STOCHASTIC MOMENTUM INDICATOR, TREND LINES, FIBONACCI RETRACEMENTS.
CHARTS: WEEKLY AND MONTHLY CHART
WEEKLY CHART: Its next resistance is at 12950. Support levels are around 12000.
MONTHLY CHART:
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SGD/JPY POSSIBILITY OF UPTREND

SGD/JPY has lifetime high around 92.80. After that it went into downtrend, There was double top formation around 72.400. After that it started uptrend. Now after correction last week it is rising again. Its next resistance is around 85.00. I expect it will touch that.
TECHNICAL INDICATORS: STOCHASTIC MOMENTUM INDICATOR, TREND LINES, FIBONACCI RETRACEMENTS.
CHARTS: WEEKLY AND MONTHLY CHART
WEEKLY CHART: Its next resistance is at 85.00. Support levels are around 80.100.
MONTHLY CHART:
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TECHNICAL OUTLOOK ON AUD/USD

On weekly chart AUD/USD is moving in channel up pattern if we draw by trend lines. Ichimoku indicator suggests it is above green cloud means trend is up.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is consolidating at previous lower support.
2. CCI is headed upward.
3. Volumes are less as compared as compared to earlier ones.
So we can conclude selling has come to an end and it can reverse trend.
Monthly chart:
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TECHNICAL OUTLOOK ON EUR/HKD

After correction EUR/HKD started uptrend on weekly chart. As we know fundamentals suggests growth rate is picking up in Euro Area so EUR will continue uptrend.
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 has come to an end and it can reverse trend.
Monthly chart:
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AUD/CHF UPTREND

AUD/CHF is in correction mode and after taking support at its previous range it is rising again. Ichimoku cloud and trend lines suggests it is in uptrend so I believe it will try t o touch its previous high.
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 has co…
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EUR/USD MAY RISE

EUR/USD is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is falling after touching 1.196 level.
2. CCI is headed downward.
3. On Balance volumes nearly cons…
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EUR/GBP

EUR/GBP is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is in sideways trend on weekly chart.
2. CCI is in over sold territory.
3. On Balance volumes shows…
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EUR/AUD TO CONTINUE UPTREND

EUR/AUD is in uptrend on weekly chart and on monthly chart. I expect it to rise it to previous high's As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone. And it will get benefit of AUD weakness also.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising from 1.464 level.
2. CCI is headed downward.
3. On Balance volume…
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EUR/NZD TO CONTINUE UPTREND.

EUR/NZD is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone. And it will get benefit of NZD's weakness.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is falling after touching 1.746 level.
2. CCI is headed …
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EUR/CAD

EUR/CAD After correction in last week it has bounced back to its high level this week. Overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone. On the other side Canadian economy also posted good GDP number so there is possibility of retracement to lower levels in EUR/CAD.
Technical indicatiors. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is falli…
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AUD/CAD MAY REVERSE TREND

AUD/CAD is consolidating on weekly chart. It has started downtrend after it failed to cross its previous high of 1.035 despite several attempts. Now it is consolidating near its support at 0.9600 level. I expect it to bounce back back to higher levels from here.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is consolidating at 0.9600 level.
2. CCI is headed upward.
3. On Balance volumes falling as compared to earlier on…
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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…
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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…
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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…
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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…
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