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AUDUSD - 1 OCTOBER 2015 FORECAST


Fig 1:
Bollinger Bands on the daily chart continue declining.
Upper band - 0.75390,
Middle Band - 0.74024,
Lower Band - 0.72914.
The price range is narrowing down, reflecting recent high volatility and a correctional growth is possible. MACD is growing.
Support levels: 0.7250 - which and the current local low,
0.7200 - The last time this level was hit was in April 2009. Resistance levels: 0.7300 - which is the the nearest level, 0.7327, 0.7370, 0.7400, 0.7448 - which is the 21st
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Gold - 1 October 2015 Forecast


Fig 1
  • According to fig 1 there was a breakout in the price of Gold on the 19th of July 2015, the candle circled in Fig 1
  • The previous low of 1131 from November 2014 which acted a support for a long time was breached
  • Expecting the previous support (1131) to become resistance on the medium term

  • The high from May is at 1232 and the low from July is at 1070
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Silver - 1 October 2015 Forecast


Fig 1
Fig 2
  • From Fig 1 the fibonacci retracement levels are as follows:
100% - 18.46 January 2015 High
61.8% - 16.89.
50% - 16.40
38.2% - 15.91
23.6% - 15.32
0% - 14.38 July 2015 low
  • The bolinger bands in Fig 2 have the following levels:
Upper Band - 15.71
Middle Band - 15.06
Lower Band - 14.41
  • Expecting the bear run on the price of silver to continue
  • the price of silver to likely proceed by the path in blue, in fig 2
  • 15-15.1 is my target range
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Brent Crude Oil - 1 October 2015 Forecast


  • After the decline in the price from close to 70, to under 50, the bolinger bands are now straightening
  • The Upper band is at 57.36, the Middle band at 51.92 and the lower band at 46.47.
  • Expect the bolinger bands to narrow in the short term

  • The likely path of oil is in red
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EUR/PLN - 1 OCTOBER 2015 FORECAST


  • the weekly chart shows that the pair has been trading in a range
  • The upper Bound is at 4.4
  • The lower bound is at 4
  • The bolinger bands are as follows: Upper band - 4.22. Middle band - 4.16 and lower band - 4.10
  • Expecting the swing trading to continue
  • 4.10 is the target
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EUR/GBP - 1 OCTOBER 2015 FORECAST


  • A lot of swings and the pair is range bound
  • the Fibonacci retracement points are as follows: 100% - 0.7482, 61.8% - 0.7274, 50% - 0.72099, 38.2% - 0.71455, 23.6% - 0.7065 and 0% - 0.6937
  • Expecting the pair to trade above the 0.7 mark and resistance should come at the 61.8% level and then 0.73
  • the bolinger bands are as follows: Upper band - 0.7175, Middle band - 0.7072 ans Lower band - 0.6970
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HKDJYPY - 1 OCTOBER 2015 FORECAST


  • Low volatility in the pair as highlighted by the narrow bollinger bands
  • Key levels established in the trading are 15. 15.7 which is the support i the near term and 16.22 which is resistance in the short to medium term
  • upper band - 16.11, Middle band - 16.02 amd lower band - 15.90

  • Low volatility to persist in the pair
  • The likely path to be followed by the pair is highlighted in blue
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SGD/JPY - 1 OCTOBER 2015


  • The pair has been trading in a bullish channel since 2012 as seen on the weekly chart above
  • The has only been a breakout once on the upside
  • The price is close to the lower boundary of the channel
  • I'm not expecting a breakout on the downside
  • The price is likely going to bounce and trade within the triangle region in the fig above
  • The triangle on the daily chart
  • Resistance to come at 92 and 93 in the short to medium term
  • High volatility in the pair
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EURSEK - 1 OCTOBER 2015 FORECAST


  • The pair is in a bullish channel
  • the price has not been able to close above 9.6 on a weekly basis
  • Huge spikes in the chart

  • Trading in the pair should revert to the shaded region in the medium term
  • The forecast range is 9.3-9.35
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EUR/NOK - 1 OCTOBER 2015 FORECAST


  • There was a spike in the price to 9.9 in December 2014
  • The price has not closed above 9.31 on the daily chart
  • I expect 9.31 to be a strong resistance in the short term
  • If 9.31 is breached by the current momentum the level will turn to be a strong support
  • The Fibonacci retracement levels are shown in the chart above
  • I expect the price to be close to the 61.8% retracement level
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EURHKD - 1 OCTOBER 2015 FORECAST


  • The pair is trading in a range in 2015
  • The top of the range is at 8.93
  • The bottom of the range is at 8.12
  • High volatility in the pair
  • The support in the recent past has been at 8.37

  • The bolinger bands have straightened
  • Expecting range bound trading in the month ahead
  • The Upper band - 8.6843, Middle band 8.54 and lower band 8.41
  • Expecting the price to be close to the upper band
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NZDJPY - 1 OCTOBER 2015 FORECAST


  • on the weekly chat the price has been trapped between 80 and 90 for the majority of the trading weeks over the past 2 years
  • The highest rate for the pair was just under 94
  • I'm not expecting the price to breakout of the range

  • High volatility in the pair
  • Expecting the pair to bounce of the 80 level
  • The projected path shown in the daily chart above
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AUD/JPY - 1 OCTOBER 2015 FORECAST

  • The weekly chart of the pair is shown above
  • The price is trading within a range from 86 to 104
  • The bolinger bands are as follows: Upper band - 96.835, Middle band - 93.079 and lower band - 89.323
  • Expecting the pair to be tradings within this range

  • Descending triangle formation on the daily chart
  • the base of the triangle is at 89.17
  • Price likely to be within the shaded region
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EURAUD - 1 OCTOBER 2015 FORECAST

  • the daily chart above shows that the pair has been range bound in 2015
  • The upper bound of the range is 1.53360 and the lower bound is 1.3671
  • Not expecting a breakout on either side of the boundaries which are acting as support and resistance

  • A look at the Fibonacci retracement points is in the chart above
  • I expect the rate for the EURAUD to be closer to the 50% Fibonacci retracement point at 1.45
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EURJPY - 1 OCTOBER 2015 FORECAST

  • the daily chart for the pair is shown above
  • The Fibonacci retracement points are as follows on the chart:
100% - 149.78 - Dec 2014 High
61.8% - 140.73
50% - 137.83 - Closer to the current trading levels
38.2% - 135.13
23.6% - 131.67
0% - 126.07 - April 2015 Low
  • The bolinger bands are as follows:
Upper band - 139.09, Middle band - 136.86, Lower Band - 134.62
  • I expect trading in the pair to be range bound within the shaded region of the graph


  • 200 SMA at 136.90
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AUDCHF - 1 OCTOBER 2015 FORECAST


  • The 200 SMA is at 0.7497
  • The bolinger bands are as follows : Upper band - 0.7333, Middle band - 0.71558, Lower Band - 0.6978
  • The likely path for the pair is shown in the fig above
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EURNZD - 1 OCTOBER 2015 FORECAST


  • The pair is on a strong bull run
  • the current high is at 1.71
  • The bollinger bands are as follows : Upper band - 1.6986. Middle band - 1.6691 and lower band - 1.638
  • I now expect the bollinger bands to straighten and narrow as volatility reduces
  • The next level of support should come at 1.67
  • Expecting the price to be above this level of support
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