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NZDCAD to resume it's bearish trend

Jignesh Posted 31 July as Analysis on NZD/CAD, Target: 0.8240, Date: 1st of September, 12:00 GMT  in #Technical analysis #Resistance #NZD/CAD #Bearish Signs #Channel #Downtrend #Suport #Elliottwave #Nzdcad
This Analysis is a continuation from the April technical analysis submission.
The same wave count is still valid, and the downtrend has not completed as of yet. The Gartley pattern has played, but the count suggests the down trend will continue.
Levels
0.89495 - Daily Support/Resistance
0.86990 - Major Resistance - First half 2013 & Support 2014
0.84209 - Gartley pattern and weekly support
0.82059 - Weekly Previous Support
0.81140 - Weekly Previous Support
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Playing the Channel on EURNZD

Jignesh Posted 30 Sep. as Analysis on EUR/NZD, Target: 1.5806, Date: 3rd of November, 12:00 GMT  in #Technical analysis #EUR #NZD #Fibonacci #Channel #Downtrend #EUR/NZD #Candlesticks #Moving Average
Overview
The EURNZD is in a channel on the Daily chart. So far it has shown clear rejection from the upper channel line after briefly spiking to the weekly 200MA.
The pair is trending down after peaking in late August of 2013. After posting an engulfing candle against the daily channel, the expectation is for the downtrend to continue at this point.
Levels
1.6462 - Weekly 200 Moving Average
1.6340 - Daily Close Sept 28 (Close below trendline after spike)
1.5806 - Daily 61.8% retracement of …
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Jignesh 9 Oct.

The pair faced a rejection of the 61.8% retracement of the last leg down just prior to the FOMC minutes today.  It may be too early to tell, but so far the weekly candle stick pattern is shaping up to be in favour of a bigger leg to the downside

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Jignesh 13 Oct.

First level of resistance comes at 1.6192 which marks last week's open.  With the second level of resistance coming in at 1.6226 (weekly fib level).  A spike high this week is a certain possibility but the focus is on a lower weekly close, preferable taking out support at last week's low at 1.6030

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Jignesh 24 Oct.

While moving the targets, the pair made a rapid reversal on a slew of data both negative for the NZD and positive for the EUR.  1.6200 is upside resistance,  A close below 1.6140 (weekly trendline)  will be required to maintain downside pressure.

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Jignesh 27 Oct.

The reversal correction is starting to show that it has completed and the downtrend may have resumed.  The biggest risk event for the pair this week will be the RBNZ statement.  It is well known that the central bank wants to see the kiwi lower and will most likely attempt to jawbone the currency at the event on Wednesday. 

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Jignesh 31 Oct.

The FOMC and RBNZ on Wednesday played Havoc on the pair, but not only has it managed to retrace the gains within a short period of time, it has not broken to new lows taking out support at 1.6015. 
With the ATR of this pair, it has good potential to reach targets.  Event risk for the EUR coming shortly with CPI estimates expected to have high impact.

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EURAUD - Daily Engulfing candle at 38.2% retracement

Jignesh Posted 30 Sep. as Analysis on EUR/AUD, Target: 1.3676, Date: 3rd of November, 12:00 GMT  in #Technical analysis #AUD #EUR #Fibonacci #EUR/AUD #Pullback #Downtrend #Candlesticks #200Ma #Engulfing
Overview
The EURAUD has been pulling back from a downtrend that started at the beginning of this year.
The daily engulfing candle at the 38.2 Fibonacci retracement hints that the pull back has completed and the downtrend may resume
Levels
1.4576 - 38.2% Retracement on Daily
1.3676 - Daily Trendline projection for Nov 2
1.3588 - 127% Extension on Daily (1.3800 - 1.4587)
1.3530 - Weekly 200 Moving Average
Figure 1 - EURAUD Daily - Engulfing candle at 38.2% Fib retracement

Figure
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Jignesh 6 Oct.

The week closed off to draw a doji on the weekly chart, and the new week has the pair testing last week's low ahead of the London Open.  A daily close below this level (1.4340) will confirm a reversal is most likely on it's way.

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Jignesh 9 Oct.

EURAUD is struggling to break through it's weekly range.  There has been a spike down which saw buyer's stepping in.  Once again, the pair is approaching that key 1.4340 opening range level.  A break below is required to build momentum to the downside.

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Jignesh 13 Oct.

The pair has traded through the previous high to make a new high.  The 200 Daily MA comes in focus at 1.4626 to put pressure to the downside with a fib level slightly above at 1.4661 to contain any spikes.  This will be the last line in the sand for the pair for any downside pressure to remain.

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Jignesh 24 Oct.

The 200 Daily SMA has held, and the downside looks promising.  The targets in this prediction still remain valid, however the completion time may take longer as the pair has spent quite a bit of time consolidating.

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EURUSD To find support at it's 200 Monthly MA

Jignesh Posted 30 Sep. as Analysis on EUR/USD, Target: 1.2410, Date: 3rd of November, 12:00 GMT  in #Technical analysis #Eurusd #Support #Bearish #EUR/USD #Downtrend #Moving Average
Overview
The EURUSD has been on a steady decline as the monetary policies of the ECB & FED continue to diverge.
The pair has recently taken out a major support level, and looks to continue on it's path lower.
Levels
1.2800 - 61.8% Retracment on Daily and Weekly resistance level (Breached)
1.2410 - 127% Extension on Daily (1.2746 - 1.3993)
1.2207 - Monthly 200 Moving Average
Figure 1 - EURUSD Weekly - Showing the 61.8% and previous support as indicated by eclipse which has now been breached
Figu…
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Jignesh 24 Oct.

EURUSD has made another leg lower this week, however is catching support at the 61.8% retrace of the last leg up and 4H channel formation.  A break of this level will be critical to prevent a double correction to the upside.

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Jignesh 27 Oct.

The pressure to the downside just has not been there without any significant risk events, up until now.  This week there are two events that will have a high impact.  First the FOMC, and second a CPI reading from the Euro zone.  Both seem to favor a downside move for EURUSD, but breaking the 1.2500 support level may prove to be a challenge

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Jignesh 3 Nov.

The FOMC had a bullish impact on the USD sending the pair lower to retest 1.2500
To start the week off, the pair has already broken the 1.2500 support level early in the Asia session as the EURO Bears are in full effect.  At the time of writing, we are trading at 1.2560 with about 10 hours to go for another 50 pips to reach targets.

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Jignesh 4 Nov.

In the last comment, that should have read 1.2460 not 1.2560..  The pair did not manage to make another low, rather turned bullish since the last update.  The leg that broke 2500 was on low liquidity which may be the reason for the move.  Either way, the targets were not achieved, although I'm content with how close it came.

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Jignesh 4 Nov.

Looking at the Fib levels drawn in Figure 3, The tool was drawn using the absolute high.  If it were drawn to the bodies ignoring the absolutely peak (as it should have), it would have accurately predicted the very low, and the area where buyers stepped in.  (1.2440).  Not where it closed, but in review, I noticed the error.

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