The strengthening of the dollar over the weekend could be a sign of the beginning of a downward trend. USDJPY is the longest-running trade because couples have developed a short-term head and shoulder model. The growth is related to the large number of waves.
Euro / US Dollar
Joel: The structure remains very constructive on the monthly chart, the market has fallen in 6 consecutive months and is now looking seventh. Priced 61.8% Fib pull from the 2008-2009 high levels and the other high resistance after 1.5000 is not seen up to 1.5240, the fiber of this movement is 78.6% reversed. Currently, 1.4175 is a significant long-term support and should be broken to stop a series of monthly reductions and reduce the pressure again. In the meantime, jumping should be your preferred long-term strategy.
Jamie ፡'s focus has been on the channel since early July (channel 5, more below), which is Monday 1.5034. A.D. As of July, a shock above EUR 1,4847 could indicate a 5C wave. Wave readings and heart rate are increasing, but it is preferable to make a short drop until they fall below 1.4820.
British Pound / Dollar
Before the next low trend of 1.3500 , we cut the main low to around 1.7000 or 1.7000 and the second hold. Now, at least in the coming weeks, the tourism market in 1,500 countries looks set to collapse. That means after hitting 1.6000 on a weekly schedule. Therefore, any march to 1,6500 must be sold by force.
Jamie ፡st GBPUSD broke her head and shoulders in September and broke into. Opposition on Monday, August and September extends to line 1.6456. The next step will be short on 1.6746.
Australian dollar
The Joel res market has so far broken the crucial psychological barrier to trading well at 0.9200. But now the daily and weekly choices are buying up a lot to keep the current trend going. Therefore, we recommend that you look for options to reduce recent growth with a break below 0.9000 to confirm the upward trend.
Jamie ፡ AudUSD has passed more than 0.9200 and I have shown that the levels shown in the last days / weeks are 0.9200, 0.9270 and 0.9325 (previous support levels since 2008.) These levels create a large area where copying can occur. The RSI (14 days) is above 74, but not as high as it was at its 75th high in June (there is still a difference). Price action was cut off on Friday, a warning .
New Zealand / USD
Joel ፡ Strong Rally finally hit a critical psychological hurdle of 0.7500, with a 78.6% fiber delay in the 2008 low. Using multiple daily and weekly surveys, selling at the current level is a recommended strategy. However, we expect some sort of approval to create a short layout. There is strong support at 0.7250, and breaking this level confirms our forecast.
Jamie 's falling NZDUSD is hard, especially on timeboards. A fall below 0.7250 will break a series of upper levels and mark the highest point. According to AUDUSD, Friday's price action took a day off (otherwise warned).
New American / Japanese Dollar
After a sharp downward trend since 2007, the market has had many ups and downs. A new low of 101.45 is needed to ensure a break below the 2008/2009 low of 87.15. It is classified as an adjustment increase, and although the market is currently hovering below 88.00, we are looking for a good close before 95.00. It is not recommended to trade at the current level.
Jamie ፡ Pie I made this long-term increase earlier this week. Since December 2008, a triangular or complex correction has been performed. The next level should be around 101.50 (probably above). A break above 90.43 confirms the short-term upward movement of the head and shoulders and the views are in the Fibonacci range of 92.80.
US Dollar / Canadian Dollar
Joel Category: The market has had some problems since the beginning of 2009, but here we are saying that this is a long-term constructive structure. While we do not expect a decline of around 1.0500, the recent decline to 1.0200 has now reached the end indicating that significant growth is expected in the coming weeks. That could be due to a sharp rise on Thursday.
Jamie: "At 1.3068-1.0782 / 1.1730% 61.8% spread reached 1.0317 1.0375 / 1.0400 is a short-term resistance and the rally is starting to show more than 1.0527. Additional targets are .14 and .9." USDCAD- Increased after falling below 1.0300 ( Significant change since 2008.) There may be a significant decline. Provides more than 1,0527 buying strategies.
USD / Swiss Franc
Long before the final jump of 1,0115, Joel ፡ spread the news to a slight decline in 2009. Despite the downturn, we show that the market is very close to the low multi-year levels before the mid-term highs of 1.1,000. Although Although the launch of 78.6% of the main activity fiber in 2008-2009 has stopped to some extent, around 1 0100 may be an ideal place for higher levels. Finally, not being able to return more than 1.0000 at the end of the week, but denying the chance of recovery.
Jamie ፡ USD USDFF has fallen to a new low and is probably creating a C wave (similar to EURUSD). 1.0037, 1.2303-1.0367 is a 100% extension point. Trading above 1.0362 indicates a low level.
Written by Jamie Satell
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