Episode 24 of ForexDayBreak daily podcast - recorded 09092015 - - - - - - - - - - - - - - - - - - - - - - Free Daily Audio Podcast in iTunes: https://itunes.apple.com/fi/podcast/forex-daybreak/id1028320899 eur/usd eur/usd has inched higher since yesterday but the advance so far is corrective looking. Trend direction: larger view is Bearish, next larger move will likely be to the upside. Key levels: immediate resistance on the upside is at 1.1213. immediate support area around 1.1114. Wave Count: First 5 waves down may have completed, and correction is due next. - - - - - - - - - - - usd/jpy usd/jpy is continuing to the upside and wave 2 correction is likely bottomed at 118.55. Trend direction: Large view is Bullish, minor wave 5 to the upside is still needed. Key levels: immediate resistance level is at 120.4, then 120.7 Support on the downside is 119.2, low of wave 2 Wave Count: usd/jpy has started minuette wave 3, the next impulsive wave to the upside. - - - - - - - - - - - gbp/usd gbp/usd has rebounded and has likely started the upwards correction. Trend direction: bullish. corrective phase will take gbp/usd higher. Key levels: immediate resistance is the 38,2% fibonacci retracement. 1.533, is the next support on the downside, minute wave 1 low. Wave Count: wave 2 of minute wave 3 down is forming to the upside. - - - - - - - - - - - eur/gbp eur/gbp made a new short term low yesterday, but the price action looks corrective. Trend direction: mid term is still Bullish, last part of minor wave Y forming on the upside. Key levels: 0.7223 gives support on the downside. minor resistance on the upside is 0.733. Wave Count: 5th wave to the upside needed to complete the structure. - - - - - - - - - - - eur/jpy eur/jpy has continued the corrective phase to the upside. Trend direction: short term view is bullish. Key levels: 135.0 is the next resistance level on the upside. 134.32 is the downside support. Wave Count: first 5 wave structure of wave (C) down has completed. Next larger move is correction to the upside. - - - - - - - - - - - gbp/jpy gbp/jpy has moved higher and there is upwards correction coming next. Trend direction: Long term view is bearish. Wave 1 on the downside completed. Key levels: upside is open. next resistance is now 187.33. On the downside 184.1 is next support level. Wave Count: a larger downtrend has possibly started and we are forming 3rd wave. - - - - - - - - - - - eur/cad eur/cad is slightly lower since yesterday. One more wave down is expected. 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 has declined and minuette wave C may have started. Trend direction: Bearish, going lower for 4th wave correction. Key levels: next support on the downside is 1.3117. the latest high of 1.3212 is the immediate 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-24-forex-daybreak-daily-forex-podcast/#sthash.bC413DnU.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
Visibility: 6
Duration: 23m 16s
Rating: 0