FDB ep30 - Forex DayBreak Daily Podcast



Episode 30 of ForexDayBreak daily podcast - recorded 17092015 - - - - - - - - - - - - - - - - - - - - - - eur/usd Highly anticipated FOMC statement is due today. This will have volatile effect on eur/usd. Trend direction: larger view is Bearish, next move will likely be to the downside. Key levels: next resistance on the upside is at 1.13285. next support on the downside is 1.1177, recent small corrective low Wave Count: Minute wave 3 down has probably started. - - - - - - - - - - - usd/jpy Latest upwards move in usd/jpy has stalled at 120.7 minor resistance. Trend direction: View is Bullish, minuette wave 3 is forming to the upside. Key levels: next resistance level is at 121.3 Support on the downside is 120.00 psychological level Wave Count: usd/jpy has started minuette wave 3, the next impulsive wave to the upside. - - - - - - - - - - - gbp/usd gbp/usd has moved higher and the upwards correction is continuing. Trend direction: Bullish. (c) wave of the minuette wave 2 correction is forming. Key levels: immediate resistance is the at 1.552 1.5425, is the next support on the downside. Wave Count: minute wave 3 down has probably started. - - - - - - - - - - - eur/gbp gbp strengthened yesterday and eur/gbp is back on the sideways range. Trend direction: mid term view is still Bullish, last part of minor wave Y forming on the upside. Key levels: 0.7265 gives support on the downside. next resistance on the upside is 0.7319. Wave Count: 5th wave to the upside needed to complete the structure. - - - - - - - - - - - eur/jpy the decline in eur/jpy has stalled. the decline looks to be corrective structure. Trend direction: mixed, upside is limited with the current wave count. Key levels: 136.62 is the resistance level on the upside. 135.7 is next downside support Wave Count: Sharp corrective upwards move still forming. - - - - - - - - - - - gbp/jpy gbp/jpy is forming the C wave of minute wave 2 correction. Trend direction: Mid term view is bullish. Minute wave 2 is forming to the upside. Key levels: immediate resistance on the upside is now 187.325 On the downside 185.35 is next support level. Wave Count: Minute wave 2 is still forming to the upside. - - - - - - - - - - - eur/cad Reversal may have occurred in eur/cad and next impulsive wave down started. Trend direction: Long term Bearish, started a larger impulsive wave down. Key levels: resistance on the upside is at 1.509. immediate downside support level is 1.49. Wave Count: Next impulsive wave, minute wave 3, is starting. - - - - - - - - - - - usd/cad usd/cad has broken from the triangle to the upside. Trend direction: Bullish, going higher for next impulsive wave. Key levels: next support on the downside is 1.314. the latest high of 1.327 is the next resistance on the upside. Wave Count: Minute wave 4 correction is in later stages. Next larger move should be to the upside. - - - - - - - - - - - - - - - - - - - - - - - - - - - - See more at: https://forexdaybreak.com/fdb-ep-30-forex-daybreak-daily-forex-podcast/#sthash.AJqLQEmy.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

Comments

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Duration: 21m 8s

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