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Wait for AUDCAD bullish signal

ijayakumar Posted 7 Dec.  in #Trader's blog #Audusd #Audcad #Price Action
AUDUSD showing a sign off halt coming in, yet the sellers are trying to push the price further low. But it seems like we can expect a counter turn from AUD soon.
We will try to find a better pair for AUD bullish which is AUDCAD. According to AUDCAD technical, 0.9620 - 0.9640 range is better area to look for bullish signal and enter if there is right evidence of bullishness.
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AUDUSD finding it's momentum

ijayakumar Posted 15 Sep.  in #Trader's blog #Audusd #Price Action
AUDUSD pair faced severe selling against USD since the start of this week. It may seemed as it may cause more breakness, as the China fundamental also seemed to have some break. Luckily, China Money stock and other fundamentals were good which caused the Aussie to find a support at 0.745 region. As consecutive daily candle used the same price range as support, it may well resume the bullishness soon. Please find the daily chart analysis of AUDUSD,
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FXRabbit 25 Sep.

My friend ijayakumar , please read your chat message from me.

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USDMXN posting highs ahead of quite US data

ijayakumar Posted 13 Sep.  in #Trader's blog #Price Action #Usdmxn
USD is gaining some buyers attention though the US business optimism posted below than expected. This may be because of the fact that the buyers may be foreseeing the interest rate hike or they might have thought that the USD is oversold. Anyways, USD finds some momentum now and posted some highs, but does it have enough to continue posting green candles. 19.206 may be the important price action for USDMXN. In line with that please find the daily chart of USDMXN,
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NZDCAD setting up for bearishness

ijayakumar Posted 12 Sep.  in #Trader's blog #Price Action #Nzdcad
NZDCAD was in a complete control in taking up until last week where numerous decline happened in 0.96 area. Considering the first rejection on 7th September after posting big green candle suggest a weakness and continous declined candle in following days and further bearishness proves that currently this pair is still in oversold area and possible weakness may continue for some more time. In line with that, if we analyze the 4 HR chart, price action below 0.955 region from here will weaken this …
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USDZAR bearish trend may continue

ijayakumar Posted 11 Sep.  in #Trader's blog #Price Action #Usdzar
USDZAR were in such a down trend for last couple of months, before stopping it from proceeding further decline in August 2nd week. Since that this pair was trying to counter back and post few green candles and form a bullish channel. However the steep decline happened till August 2nd week denotes that USD is very much weak towards ZAR. In that aspect after last week consecutive daily green candles, it may well be time to continue the bearish run again. In line with that please find the hourly ch…
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USDTRY seem to find some consecutive bulls

ijayakumar Posted 9 Sep.  in #Trader's blog #Price Action #Usdtry
USDTRY just at the verge of the current bullish channel bottom. We can even say that channel had been broke down a little. But just when it seem like it's going to be bearish from technicals, USD posted some consecutive green candles to promise on staying in the bullish channel. If we find further bullishness in this pair in next 2 days, then it may well be possible for some good bullish move. Please find the daily chart analysis of USDTRY,
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USDSEK seems to pickup a wing

ijayakumar Posted 8 Sep.  in #Trader's blog #Price Action #Usdsek
USD was completely bearish against exotic pairs for last few months. But now with the crude oil and gasoline inventory, the USD has found some buyers which posted an engulfing bullish candle. Engulfing bullish candle often produces more move when it happens and hence we may see some bullish moves from USD before the end of the week, if Risk off happened or USD find some momentum. In line with that please find the 4HR chart analysis of USDSEK,
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NZDJPY continue to struggle in choosing trend

ijayakumar Posted 7 Sep.  in #Trader's blog #Price Action #Nzdjpy
NZDJPY is struggling to make a decision of choosing its run after the bullish run from August mid to September 1st week. Since September 1st week this pair is struggling to make its run on upside or lower and end up in producing a range trading between 76 to 75. Anticipating the Chinese Trade balance and other important events like Euro interest rate decision, it is likely to push the price further up. But I would like to go technical and I expect a little more deeper pullback before resuming it…
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NZDJPY may decline soon

ijayakumar Posted 6 Sep.  in #Trader's blog #Price Action #Nzdjpy
NZD dollar was having such a strong run for last couple of weeks and with formation of three candles not able to break above the previous and more importantly, yesterday high was lesser than previous one. It resembles the bearishness in this pair and NZD dollar in oversold area. Hence if this pair breaks below the two days low, then there may be a chance of bearish run again. In line with this, please find the daily chart analysis of NZDJPY,
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NZDUSD may pullback

ijayakumar Posted 1 Sep.  in #Trader's blog #Price Action #Nzdusd
NZDUSD has formed a range and it's not coming out if it for now. Looking at the strong decline on 27th August, this pair has to extend its bearish run sooner. This pair is expended to face a strong resistance at 0.73 region and if the pressure is not withholding, it may be possible that it may decline again to 0.7210. Because 0.73 region has acted as a strong resistance multiple times in recent past. If in case, the pair has break above 0.73 strongly, it may be possible it will travel to 0.733 r…
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