Episode 14 of ForexDayBreak daily podcast recorded 26082015 - - - - - - - - - - - - - - - - - - - - - - eur/usd I have labelled the recent high in eur/usd as end of this whole corrective structure. Trend direction: larger view is Bearish, a turn to the downside has possibly started. Key levels: resistance seems to be 161,8% fibonacci level at 1.1609. minor wave W peak at 1.1466 is the support level, then 1.14 Wave Count: minute wave (C) of the last larger wave of this correction is on latter stages. - - - - - - - - - - - usd/jpy usd/jpy is on corrective mode and has not made a lot of progress since yesterday. Trend direction: Bearish, larger downturn probably started. Key levels: resistance level of 120.4, minute wave (1) low, is next on the upside. Support on the downside at 118.23. Wave Count: forming a 4th wave correction. - - - - - - - - - - - gbp/usd gbp/usd is back on the sideways range. Trend direction: bearish or mixed. possibly forming a triangle. Key levels: 1.572 is the next upside key level. 1.563 is acting as support on the downside. Wave Count: We are in corrective mode, possibly in a triangle. - - - - - - - - - - - eur/gbp eur/gbp is one wave short of 5 wave structure. Trend direction: mid term Bullish, minor wave Y forming on the upside. Key levels: Downside support around 0.7256 area, the recent few peaks. resistance on the upside is 0.7379, and has held on multiple occasions. Wave Count: 5th wave to the upside needed to complete the structure. - - - - - - - - - - - eur/jpy eur/jpy has continued lower and should be forming a 5 wave structure to the downside. Trend direction: mid term view is bearish. Key levels: 137.27 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 continues lower and has possibly started a large downwards trend. 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 There is not much room for eur/cad to go higher within this larger wave count Trend direction: Bullish for the mid term. At later stages of the correction. Key levels: Immediate resistance is 1.543. next downside support level is at around 1.5234 Wave Count: Possibly completed minute wave (C) of minor wave Y. - - - - - - - - - - - usd/cad usd/cad is still inching higher and the B wave is getting more complex. 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: 10
Duration: 23m 32s
Rating: 0