Currency Crosses: Technical Outlook

The intersection of currency: Technical Outlook long term trends and pivot points (monthly data) (updated on the first day of the month) medium term trends and pivot points (weekly) (updated every week) euro/British Pound Candles weekly prepared by Saettele Ewa EURGBP has plunged from its recent high and look at the weekly warns that high may not be exceeded at the moment. Price reversed, not only at the level of 100% of the add-on, but also in the line of resistance in the long term. This week ends as a key reversal and bearish engulfing pattern. Intraday oscylatory are diverging from the new low that warns about the transition back to 8775. EUR/bars weekly EURCAD Canadian dollar has been withdrawn just shy long cited level 14380 (100% extend Rally with 12446). Channel repair and extension of 100% are strong obstacles to additional profits. Paul weekly moving at 60, which typically is the upper limit for the pointer on the market bear. Paul discrepancies on daily prefers also dolewania scenario. Prepared by Jamie Saettele Euro/bars weekly Australian dollar prepared by Saettele Ewa EURAUD remains above its long-term channel for several weeks now cannot, however, to progress. As long as prices can sustain a break above 14380, EURAUD is compromised. In the case of weakness Watch 13920 support. With the EURGBP and EURCAD showing signs of weakness, consider the possibility of further weakness for EURAUD 5 wave direction 13240 (fal 5 = wave 1). EURO/Japanese Yen Prepared Daily strips Author Jamie Saettele EURJPY slipped below 11145, which leaves no Rally with low (41) in 3 waves (and probably wave And corrective pattern large). Expectations in the next few weeks and probably a month + are on the side/slowdown. 10960 is support for initial, then 10540. Remember that if a flat, and then all will be reconstructed marked decrease in waves Pound British b./Japanese Yen weekly bars prepared by Jamie Saettele Despite reversing this week, GBPJPY can operate lower still waves B triangle or a flat-rate basis. To review, a decrease from 16315 clearly is not signals, but it is not the rally with 11880. Triangle or a flat may be lasts from low January 2009. In both cases, the initial aim is likely 15500 (monthly key bolsters scenario bullish reversal). " Reason to challenge a leaning immediate potential is Rally wave EURJPY 3 and with an inability to maintain any kind of USDJPY rally is more than a few days. 130 is the potential of resistance at the beginning of next week. Canadian dollar/Japanese Yen prepared Daily bars by Jamie Saettele CADJPY lies just above the low August and decrease 9450 2 sides equal. However, only the traffic above the line of resistance will move the focus to the upside. Until that time, the price remains threatened. In 7840 will move the focus to the 7625, then 7500. Australian dollar/Japanese Yen Prepared Daily strips Author Jamie Saettele 7870 do not have so a higher thrust from the triangle may be full. Watch channel short-term resistance. Price per channel (and Paul included its trend) signal in accelerating the likely fall in 7500. Jamie Saettele publishes Technicals Daily on a daily basis the day of the week, the analysis of the COT (published Monday), technical analysis crosseson currency Wednesday and Friday (crosses of the euro and the yen) and intraday trading strategies in the market will operate on the DailyFX Forum. He is the author had in the market Forex. Follow its intraday market commentary and specialisation in DailyFX Forex stream. Send requests to the receipt of his reports via e-mail to jsaettele@dailyfx.com.

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