VAIBS1991's Blog

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Predicting CAD/JPY

In the pair of CAD/JPY there are not many reasons for CAD to appreciate but still CAD/JPY may rise as JPY has been depreciating against most currencies in wake of increasing Fed rate hike bets. Moreover if the OPEC members agree for Crude Oil production cap deal it will be a boost to the CAD/JPY.
On the weekly charts CAD/JPY has been in the down trend since December 2014. As of now there is not much clarity on trend on longer time frame but I am expecting the current bullish headwinds for the CA…
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Predicting HKG.IDX

There has been a rally of more than 30% in HKG.IDX from February 2016 lows. After touching the high of 24400 in September 2016 HKG.IDX has been trading sideways with a recent break on the down side.
I am expecting the HKG.IDX to hold on to the gains made this year with a correction of may be 3-4 % more. So my price target is 22200 for 1st December 2016.
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Gold: Waiting for the Fed's Trigger.

Gold has been trending down since highs of September 2011 at $1920/oz. It's pullback from the December 2015 lows had taken XAU to $1375/oz which is also it's Fibonacci retracement of 38.2% on monthly charts.Early 2016 risk off sentiments and latter on Brexit helped price push higher.
Now there is a strong likelihood of Federal Reserve raising Fed's fund rates in December meeting which may cause a downward pressure on golds prices. A strong inverse relationship between the policy path implied in …
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