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AUDCAD - 1 JANUARY 2016 FORECAST


Fig 1
Fig 2
  • The Bolinger bands are relatively straight and narrow as in Fig 1
  • There pair has been on a gradual downward trend
  • The lower and upper bolinger bands are at 0.9276 and 0.9510 respectively
  • Fig 2 has the fibonacci retracement levels from the January 2015 high of 1.0084 to the September low of 0.9155
  • Huge swings in the pair is likely to persist in the coming month
  • I expect the pair to be close to the 23.6 retracement level of 0.9374 at the expiry date
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AUDJPY - 1 JANUARY 2016 FORECAST


Fig 1
Fig 2
  • The bolinger bands are narrow indicating the low volatility in the currency pair
  • The Bolinger bands are straightening at the 23.60% retracement level of 86.94 as shown in Fig 1
  • The lower, middle and upper bands are at 85.72, 86.76 and 87.81 respectively
  • As shown in Fig 2 the exchange rate is likely to remain close to the 23.6% retracement level at 86.94 for the short term
  • I expect the price to continue to on a downward trajectory
  • I expect the price to be trading closer to 85
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AUDSGD - 1 JANUARY 2015 FORECAST


Fig 1 [i][b]
Fig 2
[/b][/i]
  • The AUDSGD has been on a bear run since 2013. The bearish channel from 2013 is shown in red in Fig 1
  • In 2015 the channel has narrowed as indicated by the blue channel
  • The narrowing of the channel indicates that the volatility has decreases and at the same time maintaining the downward trajectory
  • Fig 2 has the daily chart showing the bolinger bands
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AUDNZD - 1 JANUARY 2016 FORECAST


Fig 1
Fig 2
  • The bolinger bands on the daily chart in fig 1 are showing a lot of volatility in the pair this year
  • The lower, middle and upper bands are are at 1.0566, 1.078 and 1.993 respectively
  • Fig 2 shows the Fibonacci retracement levels from the 2015 low at 1.00186 the the 2015 high of 1.1676
  • I expect the price to be close to the 50% retracement level
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AUDCHF - 1 January 2016 Forecast

Fig 1
Fig 2
  • The bolinger bands on the daily chart in Fig 1 have the following band; Lower band 0.69444, Middle Band 0.70713 and Upper band 0.71982
  • Fig 2 shows the Fibonacci retracement levels
  • The 100% retracement level is the high from January 15 2015 at 0.84070 before the SNB removed the cap on the EURCHF
  • The 0% retracement level is the low from August at 0.65221
  • Resistance is likely to be at the 38.2% retracement level at 0.72421
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CADHKD - 1 January 2014 Forecast


Fig 1
Fig 2
  • The bolinger bands on the daily chart are in fig 1 above
  • The lower band is at 5.7808, the middle band at 5.8668 and the upper band at 5.95318.
  • There is a wide difference between the upper and lower band implying huge volatility in the pair
  • The pair is in a bear run
  • Fig 2 has the Fibonacci retracement levels for the pair
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CADCHF - 1 January 2016 Forecast


Fig 1
Fig 2
  • The bolinger bands on the daily chart are shown in Fig 1 above.
  • The lower band is at 0.73599, the middle band at 0.75075 and the upper band at 0.76552
  • the volatility in the pair is increasing
  • The Fibonacci retracement levels on the daily chart between the high and low of 2015 is shown in fig 2
  • i expect the price to be range bound between the 23.6% and 38.2% levels
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Brent Crude - 3 October 2016


From the fibonacci retracements from the highs and lows in the past 2 years, the 61.8% retracement level is at 53.24, 50% at 48.29 and 38.2% at 43.29. The trading range is likely to be between 43.3 and 53
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EURPLN - 3 October 2016


  • High volatility in the pair with the bolinger bands widening
  • Support likely to come at 4.3 which is close to the 23.6% retracement level and saw a bounce earlier on
  • Resistance will be at the 50% retracement level at 4.38
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USATECH.IDX/USD - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1: Weekly chart of the USATECH.IDX/USD
Fig 2: Daily chart of the USATECH.IDX/USD
  • The weekly chart confirms that there has been a bullish trend since 2011
  • A bullish channel has been formed and has been breached to the downside on a few occasions
  • 4900 is the highest point and likely to be a point of resistance in the short term
  • The daily chart in fig 2 shows the upward movement in the bolinger bands
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USA30.IDX/USD - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1. Daily chart of USA30.IDX/USD with bolinger bands
Fig 2: Daily chart of USA30.IDX/USD with Fibonacci retracements
  • The bolinger bands in Fig 1 show some flattening
  • This could be an indication of an end to the bullish rise
  • As shown in Fig 2 the bullish rise has been strong in 2016
  • I expect the the resistance to be at the 100% retracement (the 2016 high) of 18688
  • The support in the short term should come in at 17895 which is the 61.8% retracement level
  • Expecting range bound trading in the period
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USD500.IDX/USD - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1
Fig 2
  • As highlighted in fig 1, the average true range has dropped to 19.86 for the highs of about 42
  • The volatility has dropped down significantly
  • The bolinger bands can attest to the drop in volatility
  • Fig 2 show the Fibonacci retracement levels
  • 2193 should act as the near term resistance level (100% level)
  • 2115 should come in as the support point (61.8% level)
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EURo STOXX 50 - 1 December 2016 Technical analysis Forecast


Fig 1
Fig 2
  • Fig 1 shows that the index has been trading in a range bound manner in the year
  • The range is from the 2750 and the upper range limit has been 3150
  • ATR is 44
  • The lower bound has been breached 3 times
  • The upper bound has been breached once as shown in the circled elements of fig 1
  • According to fig 2, 3000 should be the short term support level
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FTSE 100 - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1
Fig 2
  • Average true range is at 80
  • Upper bolinger band is at 7133, middle band at 6969 and lower band at 6804
  • 7128 will be the short term resistance level
  • I expect range bound movement
  • The upper bound should come in at 7128 and the lower bound (support) 6931
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DAX 30 - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1
Fig 2
  • According to fig 1 Upper bolinger band at 10737, middle band 10545 and lower band at 10353
  • ATR is at 152
  • The resistance levels at 10,809.62
  • The support levels coming in at 10215.286 and 9903.25
  • Volatility likely to be high in the period
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FRA.IDX/EUR - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1
Fig 2
  • There has been range bound trading in the index
  • Upper bound at 4600 and the lower bound at 4000.
  • I expect the range bound nature to continue
  • The ATR is at 62
  • Expecting very little volatility in the index
  • As shown in fig 2, trading may be confined in between the 61.8% and 100% fibonacci retracement points
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CHE.IDX/CHF - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1
Fig 2
  • Fig 1 shows the range bound nature in the index
  • The index is about 3% down from the peak levels
  • Twice has the lower bound been breached
  • On fig 2 the ATR is at 92, implying reduced levels of volatility
  • The upper bolinger band is at 8256, the middle band at 8127 and the lower band at 7997
  • Price likely to be closer to the lower band
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HKG.IDX/HKD - 1 DECEMBER 2016 TECHNICAL ANALYSIS FORECAST


Fig 1
Fig 2
  • The index has been on a bullish trend as shown in fig 1
  • The trend is expected to continue in the period
  • The volatility has reduced and the ATR is at 310
  • Bolinger bands are flattening also indicative of the reduced volatility levels
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USDZAR - 2 July 2018 Technical Forecast


  • The bollinger bands are set as follows: Lower band - 12.2727 Middle Band 12.5125 and Upper band 12.72
  • The current trading price is close to the upper band
  • A Channel seems to be developing and trades are in the channel


  • The ATR at 0.2040 is pointing to higher volatility
  • Predict the price to be close to 12.5 at the end of July
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USDMXN - 2 July 2018 Technical Analysis Forecast


  • The Fibonacci retracement points offer an interesting scenario, with the current price at the 100% retracement level of the the late 2017 high having set a new 2018 highest level.
  • Using the high of 19.9080 set on the 26th of December 2018 and the low of 17.93 set on the 17th of April 2018 the retracement levels are shown below
  • Resistance at the 100% level will be strong and support will be at the 61.8% level at 19.1580
[list][/list]…
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