FDB ep23 - Forex DayBreak Daily Podcast



Episode 23 of ForexDayBreak daily podcast - recorded 08092015 - - - - - - - - - - - - - - - - - - - - - - Free Daily Audio Podcast in iTunes: https://itunes.apple.com/fi/podcast/forex-daybreak/id1028320899 eur/usd Labor day weekend caused a mainly slow day at the markets yesterday. eur/usd might need one more push down to complete the structure. Trend direction: larger view is Bearish, next larger move will likely be to the upside. Key levels: Next upside resistance is at 1.1213. immediate support area around 1.109. Wave Count: First 5 waves down almost complete, and correction is due next. - - - - - - - - - - - usd/jpy usd/jpy did not made much progress at the start of the week. Push lower is needed t complete the correction. Trend direction: Large view is Bullish, wave 5 to the upside is still needed. Key levels: next major resistance level is 120.4. Support on the downside is 100% fibonacci expansion level at 118.16. Wave Count: usd/jpy may have started final large wave to the upside. - - - - - - - - - - - gbp/usd gbp/usd has rebounded and has likely started the upwards correction. Trend direction: bearish. minute wave 3 down is in force. Key levels: 1.533 is the next upside resistance level, minute wave 1 low. 1.517, is the next support on the downside. Wave Count: wave 2 of minute wave 3 down is forming to the upside. - - - - - - - - - - - eur/gbp Wave structure is unclear at eur/gbp, but we are still on wave 4 correction. Trend direction: still Bullish, last part of minor wave Y forming on the upside. Key levels: 0.7275 gives support on the downside, then 0.7245. minor resistance on the upside is 0.7356. Wave Count: 5th wave to the upside needed to complete the structure. - - - - - - - - - - - eur/jpy eur/jpy has made a push higher and we might see a corrective pullback next. Trend direction: mid term view is bearish. Key levels: 133.4 is the immediate resistance level on the upside. 132.225 remains as downside support, fridays low Wave Count: first 5 wave structure of wave (C) down has completed. - - - - - - - - - - - gbp/jpy gbp/jpy has moved higher and there could be correction coming next. Trend direction: Long term view is bearish. Waves 1 and 2 on the downside completed. Key levels: upside resistance is now 183.2, minute wave 1 low. On the downside 180.00 is next support level, psychological level. Wave Count: a larger downtrend has possibly started and we are forming 3rd wave. - - - - - - - - - - - eur/cad eur/cad has not made much progress yesterday. The first 5 wave structure may have bottomed. Trend direction: Long term Bearish, started a larger impulsive wave down. Key levels: resistance on the upside is at 1.50. next downside support level is 1.47. Wave Count: Possibly completed intermediate wave 2 correction and started a larger impulsive move down. - - - - - - - - - - - usd/cad usd/cad is climbing higher. The wave structure is getting more complex. Trend direction: Bearish, going lower for 4th wave correction. Key levels: Immediate support is the previous 3rd wave high of 1.3212. the latest high of 1.335 is the resistance on the upside. Wave Count: Minute wave 4 correction forming. We should see a decline towards 1.286 - - - - - - - - - - - - - - - - - - - - - - - - - - - - See more at: https://forexdaybreak.com/fdb-ep-23-forex-daybreak-daily-forex-podcast/#sthash.TWdIkMEe.dpuf 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

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    Duration: 12m 5s

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