Himanshu Jain's Blog (58)

USD/CAD - Past 15 Years and Now - Insight of The Price-Action

USD/CAD had dipped to 1.0620 and seems to be finding some support since then. The price-action during past 6 days has been failing to dip below 1.0600 to enter the psychological ranges of 1.0500. Let's see what else has been going with the…

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Added by Himanshu Jain on July 10, 2014 at 6:26am — No Comments

What the currency pairs are whispering today?

Daily forex outlook Forex Abode: January 29, 2014: The FX Daily Dose presents a quick snapshot of the price-action of some of the currency pairs in focus for the immediate and medium-term outlook. 

USD/JPY…

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Added by Himanshu Jain on January 29, 2014 at 12:14pm — 1 Comment

Forex Daily Dose - January 21, 2014

Forex daily outlook Forex Abode: Forex Daily Dose- January 21, 2014:  A quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD,…

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Added by Himanshu Jain on January 21, 2014 at 11:00am — No Comments

Australian Dollar’s Fall – Was It Just The Employment Numbers?

Today's weaker than expected employment data brought a strong fall for the Aussie. AUD/USD fell to 0.8796 before going into a sideways mode. AUD/JPY fell to 92.17 after failing at 93.33.

Australian employment data



Today's released data showed that the employment numbers fell by 22,600 in December 2013…

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Added by Himanshu Jain on January 16, 2014 at 2:23pm — No Comments

Correlation changes - Week of January 6, 2014

An eye on any sudden changes in the correlation values is always important as it may provide a trading opportunity. The reason is simple that temporary major changes in the correlations may ultimately try to normalize to their longer-term averages.

Let's check the EUR/USD correlations with some of the other pairs. The following data compares last week's average against past one year's…

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Added by Himanshu Jain on January 12, 2014 at 4:14am — No Comments

USD/JPY, EUR/USD, GBP/USD, USD/CAD, CAD/JPY, EUR/GBP, EUR/AUD and USD/INR Today

Forex Daily Dose- January 7, 2014: The FxDailyDose presents a quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBP/USD, USD/JPY and AUD/JPY for the immediate and medium-term…

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Added by Himanshu Jain on January 7, 2014 at 11:30am — No Comments

Currencies in Focus - The Near-Term Outlook

"Forex Daily Dose" presents a quick snapshot of the price-action of EUR/AUD, EUR/GBP, USD/INR, USD/CAD, EUR/USD, GBP/USD, USD/JPY and AUD/JPY for the immediate and medium-term outlook. 

 

 

USD/JPY…

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Added by Himanshu Jain on January 3, 2014 at 5:30am — No Comments

Silence Before The storm? EUR/USD Seems To Be On Its Way To Celebrate 2014

ForexAbode.com: EUR/USD has not only broke over the high of 2 years but also broke over the 61.8% retracement of the great fall from 1.4940 to 1.2041 by jumping to 1.3894. It's time to see what we can expect from EUR/USD in the year 2014 from the point of view of pure price-action analysis.

EUR/USD…

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Added by Himanshu Jain on January 2, 2014 at 10:47am — No Comments

Will AUDJPY Change The Gears?

AUD/JPY's price action during past 2 days is suggesting a possibilities of a short-term reversal. The wide gap in the lows and close/open price is clearly indicating a fear for the downside. However, the pair has been engaged in a very volatile sideways mode for past 15 weeks even if the lows have been getting lower. This has been a classic example of push and pull when both the currencies of the pair have been…

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Added by Himanshu Jain on January 2, 2014 at 4:30am — No Comments

The mid-term outlook for EURUSD

The break over 1.3858 had taken EUR/USD to a 2 year high and this move have also made the bullish sentiments stronger. However the strong resistance before entering the 1.3900 ranges tells us that the resistance of approaching psychological level of 1.4000 is rather strong but that is quite natural.…

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Added by Himanshu Jain on January 2, 2014 at 4:00am — No Comments

Will the consumption tax hike repeat the history for the Japanese yen?

USD/JPY had remained under pressure of the psychological barrier of 105.00, for a long time, after touching 103.73 during May 2013. The price action was contained in a triangular…

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Added by Himanshu Jain on December 31, 2013 at 1:30am — 2 Comments

GBP/USD Once Again At The War-Front

For quite some time we have been talking about the long-term resistance and support trend lines for GBP/USD. We have been talking for quite some time because these trend lines have been in place for quite some time and that is over past 4 years. There was a break of the support trend line during…

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Added by Himanshu Jain on November 25, 2013 at 10:43pm — No Comments

FX Outlook - Today

Currency pair Near-term Outlook Comments
USD/JPY Neutral USD/JPY continues to find resistance below the resistance of 99.67 which we have been indicating in the previous updates of…
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Added by Himanshu Jain on November 11, 2013 at 12:42pm — No Comments

FX Outlook - Today

FX Daily Dose

Currency pair Near-term Outlook Comments
USD/JPY Neutral USD/JPY had a sudden jump…
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Added by Himanshu Jain on November 8, 2013 at 11:31am — No Comments

Currency Pairs in Focus

Currency pair Near-term Outlook Comments
USD/JPY bullish USD/JPY has again found resistance by 200-day moving average. The recent low did not test the previous low and a head and shoulder pattern…
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Added by Himanshu Jain on November 6, 2013 at 11:00am — No Comments

Will GBP/USD Sustain The Recent Gains?

After some struggle against the 55-day EMA, GBP/USD ultimately broke that resistance and closed above it. The high of this upward move was 1.5282.

GBP/USD retracements and 55-day EMA

Isn't it interesting that this high where…

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Added by Himanshu Jain on July 22, 2013 at 2:30am — 5 Comments

EURUSD - Will The Mighty Jump Survive?

EUR/USD had a very strong upward jump during last week when the pair moved up from 1.2755 to 1.3207 i.e. 452 pips in a matter of a single day. This move broke above the 200-day moving average resistance but could not sustain and the price action fell below this resistance once again.

EUR/USD and 200-day moving average…

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Added by Himanshu Jain on July 14, 2013 at 11:45pm — 3 Comments

A Peek At The GBPUSD Price Action

 

GBPUSD had fallen very strongly since the beginning of 2013 to March second week. The fall had taken the currency pair from 1.6381 to 1.4831 i.e. 1550 pips. The rise from that low was strong and after some resistance near 38.2% retracement of that fall, the pair had managed to break over it. The upward gains took it to 1.5606. The interesting point here is that 1.5606 is the exact 50% retracement of the move from 1.6381 to 1.4831. A strong resistance was faced at this level for 2…

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Added by Himanshu Jain on June 12, 2013 at 11:52pm — No Comments

Observations During The Fall Of The Aussie

On May 7th the interest rate was cut by the RBA from 3.0% to 2.75% and that immediately brought a steep fall for the Australian Dollar. The following daily chart of AUD/USD shows the price action and fall since that day.

Price Action Since The Interest Rate Cut

                 …

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Added by Himanshu Jain on June 9, 2013 at 11:02am — No Comments

EURUSD Observations

After failing at 1.3042 EUR/USD had broken below the psychological support of 1.3000 and had touched 1.2796. The support came at the emerging mid term support trend line. The price action is also bringing in a head and shoulder chart pattern and a break below 1.2745 will complete that pattern. If such a move takes place then deeper declines towards the psychological ranges of strong 1.2500 support ranges may be seen.

Weekly…

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Added by Himanshu Jain on May 28, 2013 at 1:00am — No Comments

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