Avnish26's Blog

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MAY REMAIN IN UPTREND

Federal reserve has kept the 3 rate hike targets for the 2018 and there is high probability that they will hike rate in December 2017 as well. Technically several trend line , Bollinger Band and ichimoku cloud suggests it is in uptrend and it will rise till its next resistance which is around 22.1000. so my target is at 19.78744.
Technical Indicators: Bollinger Bands, Ichimoku Cloud.
Charts: Weekly and Monthly.
On weekly chart it is consolidating near upper level of Bollinger Bands.
Monthly char…
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Mexican economy has slowed down considerably in year 2017 from the GDP growth rate of 3.2 % in the first quarter to only 1.5 % seen in the third quarter of 2017. However the Inflation rate has picked up from near the 4 % (YoY) to above 6 % which has effectively reduced the headroom of Mexican central bank to prop up the slowing GDP growth rate. All this developments are painting a slightly negative picture for Mexican Peso (MXN) moving ahead in year 2018.

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MAY RISE AFTER CONSOLIDATION

Federal reserve has kept the 3 rate hike targets for the 2018 and there is high probability that they will hike rate in December 2017 as well. Technically several trend line , Bollinger Band and ichimoku cloud suggests it is in uptrend and it will rise till its next resistance which is around 3.80. so my target is at 3.6954.
Technical Indicators: Bollinger Bands, Ichimoku Cloud.
Charts: Weekly and Monthly.
On weekly chart it is consolidating near middle level of Bollinger Bands.
Monthly chart: I…
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MAY RISE AFTER CONSOLIDATION

Federal reserve has kept the 3 rate hike targets for the 2018 and there is high probability that they will hike rate in December 2017 as well. From last 4 months it is consolidating on monthly chart. Ichimoku cloud suggests on monthly basis it is in uptrend and it will rise till its next resistance so my target is at 1.37402.
Technical Indicators: Bollinger Bands, Ichimoku Cloud.
Charts: Weekly and Monthly.
On weekly chart it is consolidating near middle level of Bollinger Bands.
Monthly chart: …
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USD/NOK UPTREND EXPECTED

Federal reserve has kept the 3 rate hike targets for the 2018 and there is high probability that they will hike rate in December 2017 as well.Technically several trend line , Bollinger Band and ichimoku cluod suggests it is in uptrend and it will rise till its next resistance so my target is at 8.3026Next resistance 8.42Technical Indicators: Bollinger Bands, Ichimoku Cloud.
Charts: Weekly and Monthly.
On weekly chart it is consolidating near middle level of Bollinger Bands.
Monthly chart: It in…
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In contrast to the broader Euro zone area the inflation rate has been falling in the Norway for most part of year 2017 thus putting downward pressure on Norwegian Krone (NOK). If we look at economy it is doing considerably well  leading to substantial job creation which has helped bring the Unemployment rate down to 4 %.

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USD/ZAR UPTREND EXPECTED

Federal reserve has kept the 3 rate hike targets for the 2018 and there is high probability that they will hike rate in December 2017 as well.
Technically several trend line , Bollinger Band and ichimoku cluod suggests it is in uptrend and it will rise till its next resistance so my target is at 15.3040.
Next resistance 15.67482.
Technical Indicators: Trend lines, Bollinger Bands, Ichimoku Cloud.
Charts: Weekly and Monthly.
Monthly chart:
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EUR/USD MAY START UPTREND AGAIN

Recently published economic data of Euro Zone suggests ECB may not continue quantitative Easing beyond Dec 2017. So EUR/USD may start uptrend again.
TECHNICAL ANALYSIS: EUR/USD is in correction mode on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
  • EUR/USD is reaching near the middle level of Bollinger band.
  • CCI is falling.
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EUR/NZD MAY SEE SOME FURTHER GROWTH

Recently published economic data of Eurozone is showing strength and growth in euro zone economy. GDP growth is above expectation so I expect ECB may not extend Quantitative easing beyond 2017. And so EUR/NZD may rise to new levels.
TECHNICAL ANALYSIS: EUR/NZD is in uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, ADX, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
[list][/list]…
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AUD/CAD MAY HAVE SOME RETRACEMENT FROM LOWER LEVELS.

Recently published economic data of Australia is showing good economic growth but Reserve Bank oF Australia maintaining a cautious look but if dta shows strong growth obviously they will need to hike interest rates. Bank Of Canada unexpectedly rose interate rate in September meeting.So AUD/CAD is in downtrend. As it is reaching its next support I expect a retracement from that level.
TECHNICAL ANALYSIS: AUD/CAD is downtrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, COMMODITY CHANN…
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AUD/CHF MAY RISE TO NEXT RESISTANCE

Recently published economic data of Australia is showing good economic growth but Reserve Bank oF Australia maintaining a cautious look but if dta shows strong growth obviously they will need to hike interest rates. And Swiss National Bank keeping interest rates at low to help growth and inflation by keeping currency at low level. So I expect AUD/CHF to rise.
TECHNICAL ANALYSIS: AUD/CHF is uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, COMMODITY CHANNEL INDEX CCI, MACD, FIBONAC…
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AUD/JPY MAY RISE AFTER CORRECTION

Recently published economic data of Australia is showing good economic growth but Reserve Bank oF Australia maintaining a cautious look but if dta shows strong growth obviously they will need to hike interest rates. So I expect AUD/JPY to rise.
TECHNICAL ANALYSIS: AUD/JPY is uptrend on weekly and monthly chart.
TOOLS USED: BOLLINGER BAND, COMMODITY CHANNEL INDEX CCI, MACD, FIBONACCI RETRACEMENT.
CHARTS: WEEKLY AND MONTHLY
WEEKLY CHART:
[list][/list]…
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