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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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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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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/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/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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