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EURPLN - 1 December 2015 Forecast


  • Ascending triangle forming on the daily chart
  • The pair will most likely be confined in the lines shown in the chart above
  • The Fibonacci retracement points are as shown in the chart above
  • The 61.8% retracement point at 4.2338 will act as support in the short term and once broken will turn to a resistance point
  • I expect a lot of trading to happen close to that point
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Brent Crude - 1 December 2015 Forecast


Fig 1
Fig 2
  • We will see more consolidation in the Brent crude price in the month of November
  • As shown in fig 1 the price will most likely be confined to the range between 46.1 and 54.4
  • Fig 2 shows th straightening Bolinger bands indicating that the the volatility in the prices is low
  • Straightening bolinger bands also indicate range bound markets
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LIGHT.CMD - Technical analyis forecasting


Fig 1

Fig 2
  • As shown in Fig 1, the short term support should come in at 42 and the resistance point in the short term at 50
  • The current price is at 46.38 as at the end of October 2015
  • The bolinger band have narrowed as shown in fig 2 , indicating low volatility
  • The straightening bolinger bands also indicate ranging markets
  • 45.3 is my target for the 1st of December 2015.
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HKD/JPY Forecast 1 December 2015


Fig 1
Fig 2
  • There was a strong drop in August which saw the the price reach 15 as shown in the charts above
  • 15 will be a strong support in the short to medium term
  • The resistance will be a the recent high of 16.23 in the short to medium term
  • Taking these points of support and resistance we can come up with the Fibonacci retracement points as shown in Fig 1
  • Bolinger bands are wide confirming the high volatility as shown in chart if Fig 2
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