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GBPUSD may form a bearish channel again

ijayakumar Posted 20 Nov.  in #Trader's blog #Gbpusd #Trendlines
Exceeding the expectation, GBPUSD has crossed 1.5270 mark and it touched 1.53 as well. But it couldn't able to sustain there for longer time. Considering many important news events release for USD like GDP, Good order, New home sales, USD may resume it's bull run again if the data exceeds the expectation. Please find the GBPUSD daily chart for analysis,
As the daily chart shows, if the USD resumes strongly from now itself with an engulfing candle, then this pair may for a bearish channel to 1.5…
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tdbatinkov avatar
tdbatinkov 20 Nov.

good analisys

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ijayakumar 20 Nov.

thanks!

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EURCAD may trade downside till it reaches the trendline

ijayakumar Posted 15 Nov. as Analysis on EUR/CAD, Target: 1.3910, Date: 1st of January, 12:00 GMT  in #Technical analysis #EUR/CAD #Eurcad #Trendlines
EURO is weakening heavily over it's own internal economy and December easing expectation and possible easing over Interest rates. On the other hand Canada is slowly recovering from it's short recession two months ago. Please find the chart analysis,
Monthly chart:
- This pair shows contraction in price movement which suggests that bull run is expected to be on strong hold until a breakout happens without a doji.
- Recent price action also shows the weakness over the virtual trend line and sudden…
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3 Comments
ijayakumar avatar
ijayakumar 20 Nov.

As forecasted, Euro is weakening further and Canada is starting to strengthen. If current situation persists, then this pair go even below than the expected value. A pullback is expected in near time to make this forecast live.

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ijayakumar 11 Dec.

This widening extremely because of oil dip and ECB's stop on more easing. Lets wait for FOMC!

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ijayakumar 17 Dec.

Hawkish move from Euro and Canada's worry over oil has widen the gap too long!

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EURAUD may consolidate until this year

ijayakumar Posted 15 Nov. as Analysis on EUR/AUD, Target: 1.4689, Date: 1st of January, 12:00 GMT  in #Technical analysis #EUR/AUD #Euraud #Trendlines
Fundamentally EURO is falling and Aussie started appreciating over the employment data. Yet, I feel that EURO is poorly rated and hence I expect it to consolidate till this year around 1.46 region and resume it's bullish run from end of the year. Please find my chart analysis,
Monthly chart:

- This chart shows more dojis, when this pair is extending to touch the upside trend line which shows the upside weakness
- Trend lines also slowly forming a reduced price range which suggest a less price …
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3 Comments
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ijayakumar 20 Nov.

As forecasted, Euro is weakening further and Aussie is appreciating real fast. If current situation persists, then this pair go even below than the expected value. A pullback is expected in near time to make this forecast live.

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ijayakumar 11 Dec.

Though Aussie produced two consecutive blockbuster Employment data, it failed to hold the momentum ahead of next week FOMC meeting. Hope Euro will be bearish again and Aussie will gain from it!

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ijayakumar 17 Dec.

Surprise hawkishness from Euro has widen the gap. Although Australia was looking stronger till last week, because of less data it was bearish all the time and it may well continue!

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CHFJPY is expected to breakout downside

ijayakumar Posted 15 Nov. as Analysis on CHF/JPY, Target: 120.2000, Date: 1st of January, 12:00 GMT  in #Technical analysis #CHF/JPY #Chfjpy #Trendlines
Though Japan has had a difficult run this year, still it is considered as the one of the major currency over other currencies. It also pulled back nicely against most of it's pairs this year. As Swiss franc is expected to go further down and Yen is expected to appreciate further, it is highly possible to create a slow down trend. Please find my chart analysis,
Weekly chart:
- This chart shows the contraction in price movement of this pair since January which may result in breakout
- As last 3 mo…
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Rita1808 avatar
Rita1808 3 Jan.

Good job!

Natali_Niyazova avatar
Natali_Niyazova 4 Jan.

very well!

Mariia avatar
Mariia 5 Jan.

clearly and anderstanding!thank you

Natalia_Kisenko avatar
Natalia_Kisenko 21 Jan.

great article!

BeautybyLesya avatar
BeautybyLesya 21 Jan.

good job!

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CHFSGD expected to break downside

ijayakumar Posted 15 Nov. as Analysis on CHF/SGD, Target: 1.4253, Date: 1st of January, 12:00 GMT  in #Technical analysis #CHF/SGD #Trendlines #Chfsgd
Since this year January spike, CHF was trying to dominate over SGD but fails and formed a range parallel trading for a long time. It is also notable that Swiss franc was expected to slow down whereas Singapore growing fast as one of the best nation in Industry and living. Please find my chart analysis,
Monthly chart:
- After January spike up, there were lot of tries to go up but turned into a doji which shows the upside weakness
- Price action also suggests a contraction in price movement which…
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3 Comments
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ijayakumar 20 Nov.

Swiss franc has started giving up against all of it's pair and SGD is no different. As expected, this pair will breakout downside, it's just that matter how long the bearish channel live. A pullback is expected to make the forecast live.

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ijayakumar 11 Dec.

As ECB stopped further easing, along with Euro, Swiss franc also started appreciating and it may continue till the FOMC. Singapore dollar was not strong enough to hold the franc. Once the FOMC meeting is done, another new saga will start for Swiss. Lets wait and see!

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ijayakumar 17 Dec.

Swiss uptrend hasn't really stopped and it is causing more divergence to the target!

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AUDSGD may continue further in it's downtrend

ijayakumar Posted 15 Nov. as Analysis on AUD/SGD, Target: 0.9727, Date: 1st of January, 12:00 GMT  in #Technical analysis #Price Action #AUD/SGD #Trendlines #Audsgd
AUDSGD is in nice downtrend since mid of 2014 and it is expected to continue for another few months before consolidation or changing the position slightly. Please find below the chart analysis,
Monthly chart:
- Between the trend line's Support and Resistance line, hardly this pair moves aside which explains the steepness of this down trend
- Lot of topside doji also present recently, which suggests the weakness in price action, yet the downtrend resumes and the upside push is not enough.
W…
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3 Comments
ijayakumar avatar
ijayakumar 20 Nov.

Aussie dollar has started it's bull run against all the pairs more than what has been expected. Hence it may seem like this pair may finish well above the expected value unless if Chinese deteriorates again.

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ijayakumar 11 Dec.

Aussie dollar is in consolidation now after the second consecutive blockbuster employment report. I am expecting it to ramp the stage again post FOMC.

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ijayakumar 17 Dec.

Aussie dollar lost its pace towards the end of the year and it may help to reach the set target!

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GBPJPY may hit the bottom again

ijayakumar Posted 15 Nov.  in #Trader's blog #Gbpjpy #Trendlines
Great Britain economy is in struggle from the starting of the year and it is expected to continue till mid of 2016 by the least. Because of the Interest hold for some more time, it is expected to struggle for more time than expected before taking off. Please find my analysis of GBPJPY in weekly chart,
Since the sharp push from August, this pair recovering but with lot of doji's which suggests that another bottom hit is very much possible as shown in the diagram. Hence I would recommend bearish …
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