The Euro is retreating to test medium-term support at $1.30 on the weekly chart. Failure would mean a fall to primary support at $1.25/$1.26. 63-Day Twiggs Momentum holding below zero reinforces the primary down-trend.
* Target calculation: 1.25 – ( 1.35 – 1.25 ) = 1.15
Pound Sterling is ranging between $1.5650 and $1.6000 against the greenback. Upward breakout would signal a primary up-trend but 63-Day Twiggs Momentum below zero continues to warn of the opposite.
The dollar respected the new support level at 80 Japanese Yen. Breakout above ¥82 would confirm the primary up-trend, with an initial target of ¥85.
* Target calculation: 80 + ( 80 – 75 ) = 85
The Aussie Dollar continues to test support at R8.00 South African Rand. Failure would offer an initial target of R7.50, at the rising trendline. Momentum is falling sharply and reversal of 63-day Twiggs Momentum below zero would warn of a primary down-trend.
Thanks, nice advise in GBP-USD not have correct direction. or i see the warn direction.
And USD-JPY have a small trend or weak..
Presumably you show the AU dollar v the Canadian and Sth. African currencies because of the resources connection.
I for one would like to see the AU dollar v the Euro and the UK pound. ( but don’t worry about the drachma when it is reborn).
thanks for these advice but plz add nifty and sensex (india) index.
See Japan, India, South Korea