Episode 4 of ForexDayBreak daily podcast recorded 12082015 - - - - - - - - - - - - - - - - - - - - - - eur/usd eur/usd is looking bullish and may have started last part of the correction to the upsde. Trend direction: Bullish, Triangle is most likely finished. Key levels: On the downside 1.096 is giving support. immediate Upside resistance area around 1.112, the latest peaks will be next hurdle on the upside. Wave Count: Large triangle as minor wave X. Possibly last leg is forming. - - - - - - - - - - - usd/jpy I changed my wave count a little yesterday. The choppy upside price action is most likely a correction. Trend direction: short term view is bearish. Wave (c) should carry towards 123.00 area. Key levels: trendline connecting recent lows gives support level of 124.6 immediate upside resistance is latest long term high at 125.845 Wave Count: Next sma - - - - - - - - - - - gbp/usd strong move upwards yesterday. possibly started next wave up. Trend direction: bullish. possibly started minuette wave 2 to the upside. Key levels: immediate downside support zone is around 1.555 Upside key level resistance is at 1.5665 Wave Count: possibly started the next impulsive wave up. - - - - - - - - - - - eur/gbp Upside bias and looking for more upside. Trend direction: Bullish, minor wave Y possibly started to the upside. Key levels: immediate downside support around 0.7097 Next resistance is at 0.7159, the the latest short term high. Wave Count: Wave count was revised yesterday, new view is bullish for mid term. - - - - - - - - - - - eur/jpy Triangle scenario was incorrect and corrective wave is getting more complex. Trend direction: mid term view is bullish. Key levels: 138.88 will be next resistance level on the upside. 137.785 on the downside will act as minor support. Wave Count: minuette wave 3 to the upside is in force. - - - - - - - - - - - gbp/jpy gbp/jpy has continued higher and is nearing the latest short term high. Trend direction: Bullish, next impulsive wave higher might have started. Key levels: Upside resistance comes at 195.22, the latest short term high. On the downside 194.34 is immediate support zone. Wave Count: looking to go higher on minute wave 3 impulsive advance. - - - - - - - - - - - eur/cad I changed my view yesterday since eur/cad has made progress to the upside. Trend direction: Correction is continuing higher and getting more complex. Key levels: Next resistance comes at 1.4516. Upside is quite open. downside support level is at 1.4492, recent minute wave A high Wave Count: Minute wave (C) of correction is started. - - - - - - - - - - - usd/cad usd/cad has made it higher and is forming 4th wave correction. Trend direction: Bearish, going lower for 4th wave correction. Key levels: Next downside support on the downside is at 1.31 area. 1.32123 is acting as Upside resistance level. Wave Count: 5th wave of 3rd wave up just peaked. Turned down for minute wave 4. - - - - - - - - - - - - - - - - - - - - - - - - - - -
Visibility: 13
Duration: 13m 7s
Rating: 0