Episode 13 of ForexDayBreak daily podcast recorded 25082015 - - - - - - - - - - - - - - - - - - - - - - eur/usd eur/usd has paused the big push higher and is going on corrective mode. Trend direction: larger view is Bullish, Final wave of the correction is forming. Key levels: resistance seems to be 161,8% fibonacci level at 1.1609. minor wave W peak at 1.1466 is the support level. Wave Count: minute wave (C) of the last larger wave of this correction is on latter stages. - - - - - - - - - - - usd/jpy usd/jpy declined close to 600 pips yesterday. Trend direction: Bearish, larger downturn probably started. Key levels: resistance level of 120.45, minute wave (1) low, is next on the upside. Support on the downside at 118.23. Wave Count: The strong decline has started minute wave 3 down. - - - - - - - - - - - gbp/usd gbp/usd has made some progress to the upside, but pretty mild compared to the moves on other pairs Trend direction: bullish. possibly started minuette wave 3 to the upside. Key levels: 1.5788 is the next upside key level. 1.569 is acting as support on the downside. Wave Count: possibly started the next impulsive wave up. - - - - - - - - - - - eur/gbp big day yesterday for eur/gbp as well. Trend direction: mid term Bullish, minor wave Y forming on the upside. Key levels: Downside support around 0.722 area, the recent few peaks. resistance on the upside is 0.7379, and has held on multiple occasions. Wave Count: 3rd wave up is nearing an end. - - - - - - - - - - - eur/jpy large moves yesterday negated my wave count in eur/jpy . Trend direction: mid term view is bearish. Key levels: 139.00 is the immediate resistance on the upside. 137.07 on the downside will act as support. Wave Count: minute wave (B) possibly ended and larger downturn has started. - - - - - - - - - - - gbp/jpy gbp/jpy made also a large move yesterday and negated my wave count. Trend direction: Mid term view is bearish. Key levels: small upside resistance around 189.38 On the downside 186.27 immediate support level. Wave Count: a larger downtrend has possibly started and we are forming 3rd wave. - - - - - - - - - - - eur/cad eur/cad has moved almost 1200 pips higher in less than two weeks. We almost made it to new long term highs. Trend direction: Bullish for the mid term. At later stages of the correction. Key levels: Upside was quite open. Next resistance is 1.556. next downside support level is at around 1.5234 Wave Count: Possibly completed minute wave (C) of minor wave Y. - - - - - - - - - - - usd/cad usd/cad has made a new high and has completed wave B of wave 4 correction. Trend direction: Bearish, going lower for 4th wave correction. Key levels: Next downside support is the latest high of 1.32123. 1.338 is 161,8% retrarecement. Wave Count: Minute wave 4 correction forming. - - - - - - - - - - - - - - - - - - - - - - - - - - - website: http://forexdaybreak.com facebook: https://www.facebook.com/vivaicoltd - Ville Vainio facebook: https://www.facebook.com/pages/Forex-DayBreak/1594619594160164 Twitter: https://twitter.com/forexdaybreak
Visibility: 3
Duration: 21m 29s
Rating: 0