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TECHNICAL OUTLOOK ON EUR/USD

After remaining sideways for many days EUR/USD had a breakout and it is rising from there. Its next resistance stands at 1.288. Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. United States economy is passing through transition phase and recently published economic data is little below market participants this is another reason which moving EUR/USD upward.
Technical Analysis: EUR/USD is in uptrend on weekly and on monthly basis.
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TECHNICAL OUTLOOK ON USD/JPY

In recent days USD/JPY has retraced to lower levels because of administration failure in passing key bills like healthcare bill. Then geopolitical tension in Asia Pacific region. So JPY got strengthened. And also economic data of United States is below market participants expectations. I expect USD/JPY to trade in range as further rate hike signal by Federal reserve.
Technical analysis: USD/JPY is in downtrend on weekly and on monthly basis.
TOOLS USED: Ichimoku Indicator. Fibonacci Retracements…
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TECHNICAL OUTLOOK ON CAD/JPY

Bank of Canada unexpectedly rose it rate hike in 6th September 2017 meeting as economy is doing exceptionally well. Last quarter GDP growth was 4 %. Inflation is rising up as retail sales rising. So CAD/JPY is getting stronger. I expect it to rise till its next resistance of 93.27. Then some retracement is possible for correction so my price target is 91.271.
Technical Analysis: CAD/JPY is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fibonacci Retracement.
Charts: Weekl…
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TECHNICAL OUTLOOK ON AUD/CAD.

Australian economy is doing good but just released economic data is little below market expectations. On the other side Bank of Canada unexpectedly rose it rate hike in 6th September 2017 meeting as economy is doing exceptionally well. Last quarter GDP growth was 4 %. Inflation is rising up as retail sales rising. So I expect AUD/CAD will touch its lower support and from there some retracement will be seen so my target is 0.99262.
Technical Analysis: AUD/CAD is in downtrend on monthly and on wee…
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TECHNICAL OUTLOOK ON USD/CAD.

Recently published economic data of United states is below market expectations and rate hike expectations by Federal Reserve is diminishing as economic data doesn't support Fed's inflation target. Also administration failure in passing key bills like healthcare bill. Then geopolitical tension in Asia Pacific region. So US Dollar getting weaker these days. On the other side, Bank of Canada unexpectedly rose it rate hike in 6th September 2017 meeting as economy is doing exceptionally well. Last qu…
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TECHNICAL OUTLOOK ON AUD/JPY

Recently published economic data of Australia is showing good economic growth. Just inflation is below expectation. There is speculation that RBA may start rate hike cycle from mid 2018 if data shows improvement. So recently AUD has strengthened its majors. Japanese economy is also showing improvement. Next resistance of AUD/JPY is at 90.725. So I expect a price between current level and 90.725.
Technical Analysis: AUD/JPY is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud,…
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TECHNICAL OUTLOOK ON USD/CAD

Recently published economic data of Australia is showing good economic growth. Just inflation is below expectation. There is speculation that RBA may start rate hike cycle from mid 2018 if data shows improvement. So recently AUD has strengthened its majors. Recently published economic data of United states is below market expectations and rate hike expectations by Federal Reserve is diminishing as economic data doesn't support Fed's inflation target. Also administration failure in passing key bi…
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TECHNICAL OUTLOOK AUD/NZD

Recently published economic data of Australia is showing good economic growth. Just inflation is below expectation. There is speculation that RBA may start rate hike cycle from mid 2018 if data shows improvement. So recently AUD has strengthened its majors. Recently published data like trade balance suggests New Zealand economic growth is on track again. So I expect a retracement after growth in AUD/NZD.
Technical Analysis: AUD/NZD is in uptrend on monthly and on weekly chart.
Tools Used: Ichimo…
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TECHNICAL OUTLOOK ON EUR/NZD

After remaining sideways for many days EUR/USD had a breakout and it is rising from there. Its next resistance stands at 1.69295. Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. Recently published data like trade balance suggests New Zealand economic growth is on track again. So I expect a retracement after growth in EUR/NZD.
Technical Analysis: EUR/NZD is in uptrend on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fib…
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TECHNICAL OUTLOOK ON EUR/CAD

EUR/CAD After reaching previous resistance started a downtrend. Its next support stands at 1.45309. Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. Bank of Canada unexpectedly rose it rate hike in 6th September 2017 meeting as economy is doing exceptionally well. Last quarter GDP growth was 4 %. Inflation is rising up as retail sales rising. So EUR/CAD got weaker. As it is near to its previous support I expect a retracement in it…
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TECHNICAL OUTLOOK ON NZD/USD

Recently published data like trade balance suggests New Zealand economic growth is on track again.Recently published economic data of United states is below market expectations and rate hike expectations by Federal Reserve is diminishing as economic data doesn't support Fed's inflation target. Also administration failure in passing key bills like healthcare bill. Then geopolitical tension in Asia Pacific region. So US Dollar getting weaker these days. As NZD/USD started uptrend after correction …
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TECHNICAL OUTLOOK ON EUR/AUD

EUR/AUD is trading sideways on weekly chart as economic data of both the countries is strong.
Fundamentally market participants expecting ECB may not extend Quantitative easing after it ends in December 2017. I expect EUR/AUD to get some correction till its next Fibonacci support at 1.46380.
Technical Analysis: EUR/AUD is in correction mode on monthly and on weekly chart.
Tools Used: Ichimoku Cloud, Fibonacci Retracement.
Charts: Weekly and Monthly Chart.
Weekly chart:
Monthly chart:
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