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USDJPY is in range trading with more upside pressure

ijayakumar Przesłano 24 Paź jako Analiza USD/JPY, Cel: 122.6700, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Usdjpy #USD/JPY #Price Action #Pattern #Support And Resistance #Candlesticks
USDJPY is circulating around known zone for couple of months and it is expected to continue the same till FED's decision on Interest rate. Please find below the chart analysis,
Monthly chart:
- It clearly shows the strong price action near 124 price range, as 2007 data declined at the same level. Hence it will be considered as a strong Resistance
- Price around 115 range has been a strong support for this pair, as there is no threat yet to go below this area.
Weekly chart:

- Weekly cha…
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7 Komentarze
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ijayakumar avatar
ijayakumar 11 Lis

As expected this pair again advances to 123 price range but failed to stay there for long time and now came back to below 123. I am expecting this see-saw to continue!

ijayakumar avatar
ijayakumar 20 Lis

This pair is moving just as expected. As mentioned in the post, 124 price action plays an important role and breaking the price above need more hawkish strength from US. Hence this pair may match expectation, as USD and JPY showing similar strength.

ijayakumar avatar
ijayakumar 24 Lis

This pair is just trading in the expected zone now. Unless the new events cause any huge move, there is a high chance that USDJPY will finish close to the expectation mark!

ijayakumar avatar
ijayakumar 26 Lis

This pair is perfectly setting up for good finish, as it is currently trading around 122.5 range. As, big market moving news events are absent till Monday, it is highly expected to finish in this range itself.

ijayakumar avatar
ijayakumar 30 Lis

If BOJ Kuroda gives some hawkish statement, then this pair may come back to it's trading range to 122.5 from current 123. Lets wait and see!

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USDZAR is expected to retrace

ijayakumar Przesłano 24 Paź jako Analiza USD/ZAR, Cel: 13.3422, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Price Action #Pattern #USD/ZAR #Usdzar #Candlestick
USDZAR had an absolute spike since this year starting and now considering the FED's interest rate decision and economy slowdown, it is expected to retrace a little before beginning the bull move again. Please find the chart analysis,
Monthly chart:
- Since 2011, the bull has started it's run in nice range and in 2015 it was more than a bull but a spike.
- As chart shows a long downside red candle which is almost a doji, it is expected to be a sign of retracement. Because every bull move needs a …
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2 Komentarze
ijayakumar avatar
ijayakumar 11 Lis

USD was more bullish than expected last week because of surprise NFP. But still I believe USD will depreciate and it may come close to my prediction!

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ijayakumar 20 Lis

USD is driving on Interest rate decision and hence reaching the expected value seem impossible!

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EURCAD to trade sideways

ijayakumar Przesłano 12 Paź jako Analiza EUR/CAD, Cel: 1.4820, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Price Action #Pattern #EUR/CAD #Eurcad #Candlesticks
EURCAD is trading with strong Support and Resistance level and it is expected to continue, as both the country economic situations are similar. Please find the chart analysis,
Weekly chart:

- This pair has strong support and resistance as the price action also suggests the same
- It is expected to continue forming a range trading within this drawn support and resistance level
Daily Chart:

- Daily charts also predicts the same with several decline on support and resistance level
- It creates a…
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3 Komentarze
ijayakumar avatar
ijayakumar 19 Paź

So far, the price movement is within the expected range!

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ijayakumar 11 Lis

Because of continuous dovishness from EURO, this pair has gone down more than the expectation. But again, a long await bullish pull back move is pending from Euro which may help my prediction to achieve it's target!

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ijayakumar 20 Lis

Prolonged dovishness from EURO making the technical expectation failure. This pair doesn't seem to be coming above 1.45 range in any near time!

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EURAUD is expected to form a range trading

ijayakumar Przesłano 12 Paź jako Analiza EUR/AUD, Cel: 1.5472, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Price Action #Pattern #EUR/AUD #Euraud #Candlestick
As Aussie dollar starts appreciating against it's pair, it is expected to form a pattern with Euro before going further bearish. Please find the chart analysis,
Weekly chart:

- As suggested in the weekly chart, this temporary bearish move is expected to be a retracement for sometime
- Recent candle pattern also suggests a short term bearish move
Daily Chart:

- As drawn in daily chart, this pair is expected to form a range trading for upcoming days
- Previous support may act as a new resistance…
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3 Komentarze
ijayakumar avatar
ijayakumar 19 Paź

So far, the price ranging is within the limit!

ijayakumar avatar
ijayakumar 11 Lis

Euro's continuous dovishness kept this pair away from 1.54 range. But in coming weeks, Aussie dollar may go down as Chinese data started deteriorating again. Hence I believe that this pair is still on track to reach the target!

ijayakumar avatar
ijayakumar 20 Lis

Euro's continuous dovishness and Aussie's appreciation making this pair to trend down and it may even continue the same for next week as well. It doesn't seem like coming above 1.5 in near time!

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EURUSD is slightly bullish and trading in a Range

ijayakumar Przesłano 8 Paź jako Analiza EUR/USD, Cel: 1.1420, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Eurusd #Pattern #EUR/USD #Candlesticks
EURUSD is expected to be slightly bullish considering most of the economical risks around EURO has lessen. Please find the chart analysis,

Weekly chart:
- This pair is setting up nice range since the Greek problem and expected to go slightly bullish like the chart suggested
- As the chart shows that downward pressure is low, this pair is expected to be above the half range in the pattern
- The next possible upward movement would be to touch the previous Upward Doji, but it will take some time
…
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6 Komentarze
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ijayakumar avatar
ijayakumar 11 Paź

So you are expecting this pair to go more bullish by November right... I also expect it to go more bullish fundamentally because FED dovish stand... But technically I am expecting it to finish in 1.14 - 1.15 range... Let's see!

ijayakumar avatar
ijayakumar 23 Paź

As I expected, there is a bottom hit this week... Hope this pair recovers as expected!

ijayakumar avatar
ijayakumar 11 Lis

Because of continuous dovishness from Euro and US dollar strength, this pair is widening from expectation by large number. Lets wait and see!

moryak avatar
moryak 14 Lis

Неделю 16 - 20 ноября 2015 года  закончит на 1,0950 и далее вниз.. Месяц ноябрь закончит в районе 1,02

ijayakumar avatar
ijayakumar 14 Lis

To reach 1.02 level is highly unlikely... Euro is not that weak!

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