GBPNZD Monthly Analysis Jan 14

Similar to EUR NZD this pair looks very bullish after breaking resistance at 2.00.

Target for this pair is 2.10 if price holds above 2.00.
Monthly and Weekly charts below

EUR NZD Monthly Analysis Jan 14

This pair looks extremely bullish on weekly and monthly charts. This pair has rejected 38.2 and 50% Bullish fibs and trendline support.

Pair is likely to reach 1.70 which is a long term resistance and then if holds above it 1.82.
Weekly

 Monthly

AUD/CAD Monthly Analysis Dec 2013

This pair is in downtrend on monthly after breaking long term support at 0.99400 in June 2013.

In Oct and Nov 2013 it retested the same level and rejected it which is 50% Monthly Bear FIB level.

In Dec 2013 it broke support at 0.95948 resuming its downtrend which is likely to be tested in Jan 2014.

In my opinion 0.95900 is the place to enter sell limit orders as price is expected to retest and reject this level.

Target: If we go by monthly chart

Target 1 is 100 Bear FIB Level 0.91750 and
Target 2 is 161.8 Bear FIB level 0.82100.

AUD/CAD Monthly Chart Dec 2013

CAD/JPY

CAD/JPY: This pair is looking more bullish after rejection of 161.8 of Monthly Bull FIB.
The pair is likely to reach its 2nd Target of 261.8 Bull FIB at 105.

This pair has completed Break, retest and Rejection sequence of below levels which adds Confluence to its bullish Bias.

92.700
97.600

Monthly Stochastics are bullish.

Daily has created Bullish Pin Bar rejecting 21 EMA. However the pair will touch 97.400 level to hunt stops before resuming its uptrend.

I will be placing 2 pending Buy Limit orders at 30% and 70% retracement of Friday's Bullish Pin Bar.

Targets for this pair are as follows
100
105
110

Update : 7th January 2014. Price went against my initial expectation. I had placed buystop at 98.900 which didnt trigger and saved me from Drawdown trade. Price is likely to touch 94.700 level now.

EUR/NZD :
Bias: Bullish

EUR/AUD:

EUR/GBP : This pair looks extremely bearish at the beginning of 2014 and set for long term downtrend.

Pair is making Lower Highs and Lower Lows on Monthly
Price has rejected 50% and 61.8% of Bear FIB levels.
Shorts can be entered once price breaks and retests Support at 0.82300.

First day of year 2014 and my first post on currency analysis. My analysis would purely be based on technicals.

Eur/Usd : This pair is hovering around big resistance and Bearish FIB level of 38.2 which is at 1.38400.
 If price closes above this level on monthly chart, Pair would continue its bullish run.

As pair is still bullish on weekly and Daily charts buying on pullbacks at below levels is advisable.

1.36
1.34900
1.33700

Shorts trades can be considered only after Break and rejection of support at 1.35600 on weekly and monthly chart.