The US Dollar found support at ¥80 Japanese Yen. A 63-day Twiggs Momentum trough high above zero would indicate a strong up-trend. Recovery above the declining trendline and resistance at ¥82 would strengthen the signal. Failure of support is unlikely but would test primary support at ¥76.
* Target calculation: 84 + ( 84 – 80 ) = 88
The US dollar is testing long-term support at ¥80. Failure would warn of weakness in the primary up-trend but 63-Day Twiggs Momentum holding above zero suggests continuation. Recovery above ¥82 would indicate a fresh primary advance, with a target of ¥90*.
* Target calculation: 85 + ( 85 – 80 ) = 90
The US dollar is testing long-term support at ¥80. Failure would warn of weakness in the primary up-trend, while respect would indicate a primary advance to ¥90. 63-Day Twiggs Momentum holding above zero suggests continuation of the primary trend.
* Target calculation: 85 + ( 85 – 80 ) = 90
The greenback is consolidating between ¥80 and ¥82 against the Japanese Yen. Recovery above ¥82 would indicate a fresh primary advance, with a target of ¥90*. Respect of zero by 63-day Twiggs Momentum would confirm a strong primary up-trend.
* Target calculation: 85 + ( 85 – 80 ) = 90
The Euro is consolidating above support at $1.30. Failure would test primary support at $1.26. A 63-day Twiggs Momentum peak below zero would indicate continuation of the primary down-trend. In the long term, failure of $1.26 would signal a decline to the 2010 low of $1.19/$1.20*.
* Target calculation: 1.26 – ( 1.34 – 1.26 ) = 1.18
Pound Sterling is consolidating below resistance at $1.60. Upward breakout would indicate an advance to the 2011 high of $1.67 — confirmed if resistance at $1.62 is penetrated — while failure of short-term support at $1.58 would warn of another test of primary support at $1.53. 63-Day Twiggs Momentum above zero indicates a primary up-trend; but this would only be confirmed by breakout above $1.62.
The US Dollar is testing support at ¥80, against the Japanese Yen. Respect is likely and recovery above ¥82 would indicate a fresh primary advance. Penetration of resistance at ¥84 would confirm the primary up-trend already signaled by 63-day Twiggs Momentum above zero.
* Target calculation: 85 + ( 85 – 80 ) = 90
The Euro is again testing support at $1.30. The short weekly candle at the support level warns of a downward breakout to test primary support at $1.26. A 63-day Twiggs Momentum peak below zero would suggest continuation of the primary down-trend. In the long term, failure of $1.26 would signal a decline to $1.18*.
* Target calculation: 1.26 – ( 1.34 – 1.26 ) = 1.18
Pound Sterling ran into resistance at $1.60 and failure of short-term support at $1.58 would test $1.56. Recovery of 63-day Twiggs Momentum above zero suggests reversal to a primary up-trend; but this would only be confirmed by breach of resistance at $1.62.
The US Dollar is correcting against the Japanese Yen, headed for a test of support at ¥80. Respect would indicate a primary up-trend; confirmed if resistance at ¥84 is broken. A 63-day Twiggs Momentum trough above zero would strengthen the signal.
* Target calculation: 85 + ( 85 – 80 ) = 90
The Euro continues in a primary down-trend, with 63-day Twiggs Momentum respecting the zero line from below. Failure of medium-term support at $1.30 would indicate another test of primary support at $1.26. And breach of $1.26 would warn of a decline to $1.18*.
* Target calculation: 1.26 – ( 1.34 – 1.26 ) = 1.18
The rise above zero on 63-day Twiggs Momentum suggests that Pound Sterling commenced a primary up-trend. But respect of resistance at $1.60 indicates another test of $1.56. Respect of $1.56 would signal another advance, while failure would warn of a primary decline with a target of $1.46*.
* Target calculation: 1.53 – ( 1.60 – 1.53 ) = 1.46
The Greenback is retracing against the Japanese Yen after a strong rally. A short correction is likely and would signal another strong advance; breakout above ¥84 would offer a target of ¥88*. Respect of zero by 63-day Twiggs Momentum would confirm the primary up-trend.
* Target calculation: 84 + ( 84 – 80 ) = 88
The Euro is headed for another test of resistance at $1.35. Breakout would signal an initial advance to $1.40. Recovery of 63-day Twiggs Momentum above zero would signal a primary up-trend.
* Target calculation: 1.35 + ( 1.35 – 1.30 ) = 1.40
Pound Sterling displays a similar pattern, testing resistance at $1.60. Recovery of 63-day Twiggs Momentum above zero signals a primary up-trend. Initial target for the breakout would be $1.64.
* Target calculation: 1.60 + ( 1.60 – 1.56 ) = 1.64
The Greenback is retracing against the Japanese Yen, testing medium-term support at ¥82. A short retracement is likely and respect of support at ¥82 would signal another strong advance.
* Target calculation: 84 + ( 84 – 82 ) = 86
The Euro is undecided about its recent show of strength and is likely to re-test medium-term support at $1.30. Failure of $1.30 would complete a head and shoulders pattern, visible on the Daily chart (shoulders at $1.33), testing primary support at $1.26. But recovery above $1.33 remains as likely and would signal another test of $1.35.
Pound Sterling is testing resistance at $1.60 and recovery of 63-day Twiggs Momentum above zero would indicate a primary up-trend. Confirmation would only come, however, from breakout above $1.62.
The Greenback is retracing to find support after a strong advance against the Yen over the last 6 weeks. Respect of support at ¥80 would confirm a healthy primary up-trend.
* Target calculation: 80 + ( 80 – 75 ) = 85
The euro is weakening against the greenback, testing medium-term support at $1.30. Failure would indicate a test of primary support at $1.26 and continuation of the down-trend. Respect is unlikely, but would suggest a test of the declining trendline.
* Target calculation: 1.26 – ( 1.35 – 1.26 ) = 1.17
Pound Sterling rallied against the Aussie Dollar, testing the new resistance level at $1.50. The down-trend is likely to continue and breach of the rising trendline would warn of another decline, with an immediate target of $1.42*.
* Target calculation: 1.46 – ( 1.50 – 1.46 ) = 1.42
The US Dollar is approaching its target of ¥85 Japanese Yen. Expect retracement to confirm the new support level at ¥80, followed by an advance to ¥90*.
* Target calculation: 85 + ( 85 – 80 ) = 90
