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USD/CAD MAY RETRACE TO HIGHER LEVEL.

USD/CAD is in downtrend but we see it can rise to the trend line level. In yesterday's meeting Fed has kept its three rate hike target for 2018 intact so this will boost USD's strength.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after touching 1.20 level.
2. CCI is headed upward and is at high level.
3. On Balance volumes risng as compared to earlier ones.
4. Ichimoku Cloud suggests it is in downtrend.
MONT…
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NZD/CAD MAY RISE

NZD/CAD is in uptrend as we can see on weekly and on monthly chart, It has taken support at previous levels and reversed trend from there. On monthly chart it has consolidated for two months and now it is rising.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is headed upward.
3. On Balance Rising to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
So we can conclude selling h…
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CAD/JPY TO RISE

CAD/JPY is in uptrend on weekly and on monthly chart. Trend lines suggests that. It has reversed trend after touching its previous support at around 86.00 level. Japanese economy is still needed more support and vice versa if Canadian economy shows improvement in inflation then Central Bank may rise rate again so CAD/JPY may rise higher.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising after correction.
2. CCI is…
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AUD/NZD MAY CONSOLIDATE IN RANGE

AUD/NZD is in downtrend on weekly and on monthly chart. On a large view it is in sideways trend. So I expect it to remain in range. Currently it has reached its first support at around 1.083 level.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising from 1. 128 level.
2. CCI is headed downward.
3. On Balance volumes falling as compared to earlier ones.
4. Ichimoku Cloud suggests it is in uptrend.
Monthly chart:
As m…
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AUD/CAD MAY REVERSE TREND

AUD/CAD is consolidating on weekly chart. It has started downtrend after it failed to cross its previous high of 1.035 despite several attempts. Now it is consolidating near its support at 0.9600 level. I expect it to bounce back back to higher levels from here.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is consolidating at 0.9600 level.
2. CCI is headed upward.
3. On Balance volumes falling as compared to earlier on…
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EUR/CAD

EUR/CAD After correction in last week it has bounced back to its high level this week. Overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone. On the other side Canadian economy also posted good GDP number so there is possibility of retracement to lower levels in EUR/CAD.
Technical indicatiors. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is falli…
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EUR/NZD TO CONTINUE UPTREND.

EUR/NZD is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone. And it will get benefit of NZD's weakness.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is falling after touching 1.746 level.
2. CCI is headed …
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EUR/AUD TO CONTINUE UPTREND

EUR/AUD is in uptrend on weekly chart and on monthly chart. I expect it to rise it to previous high's As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone. And it will get benefit of AUD weakness also.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is rising from 1.464 level.
2. CCI is headed downward.
3. On Balance volume…
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EUR/GBP

EUR/GBP is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is in sideways trend on weekly chart.
2. CCI is in over sold territory.
3. On Balance volumes shows…
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EUR/USD MAY RISE

EUR/USD is in correction phase on weekly chart and on monthly chart. I expect it to bounce back after some more correction. As overall economic growth is picking up in Euro zone area as we can conclude this from recently published GDP numbers of various economies in Euro zone.
Technical indicators. Trend Lines, Commodity Channel Index, Ichimoku Cloud.
Charts: Weekly and Monthly
Weekly chart.
1. It is falling after touching 1.196 level.
2. CCI is headed downward.
3. On Balance volumes nearly cons…
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