{"id":4773,"date":"2012-07-05T21:06:23","date_gmt":"2012-07-06T01:06:23","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4773"},"modified":"2012-07-05T21:06:23","modified_gmt":"2012-07-06T01:06:23","slug":"forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/05\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\/","title":{"rendered":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, Japanese Yen and South African Rand"},"content":{"rendered":"<p>The Euro broke support at $1.25 before falling sharply through $1.24, warning of another decline. Narrow consolidation below the new resistance level is a bearish sign. Follow-through below $1.23 would offer a target of $1.20.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-06-eur.png?w=525&#038;ssl=1\" alt=\"Euro\/USD\" \/><\/p>\n<p>Pound Sterling broke resistance at \u20ac1.25 against the Euro, offering a target of \u20ac1.28.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-06-gbp.png?w=525&#038;ssl=1\" alt=\"Pound Sterling\/Euro\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1.250 + ( 1.250 &#8211; 1.215 ) = 1.285<\/span><\/p>\n<p>Canada&#8217;s Loonie is strengthening against the US Dollar on the back of rising oil prices. Expect another test of $1.02.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-06-cad.png?w=525&#038;ssl=1\" alt=\"Canadian Loonie\/US Dollar\" \/><\/p>\n<p>The Aussie Dollar threatens to break down from its recent flag formation. Failure of support at $1.025 would suggest a test of $1.01.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-06-aud.png?w=525&#038;ssl=1\" alt=\"Aussie Dollar\/USD\" \/><\/p>\n<p>The Aussie Dollar continues to range between \u00a572 and \u00a590 Japanese Yen. Dips are getting shorter and range traders may need to move their base to \u00a575.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-06-jpy.png?w=525&#038;ssl=1\" alt=\"Aussie Dollar\/Japanese Yen\" \/><\/p>\n<p>Against the South African Rand, the Aussie Dollar is testing resistance at R8.50. Breakout would offer a target of R9.00. Narrow consolidation above R8.30 would be a bullish sign.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-06-zar.png?w=525&#038;ssl=1\" alt=\"Aussie Dollar\/South African Rand\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 8.50 + ( 8.50 &#8211; 8.00 ) = 9.00<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro broke support at $1.25 before falling sharply through $1.24, warning of another decline. Narrow consolidation below the new resistance level is a bearish sign. Follow-through below $1.23 would offer a target of $1.20. Pound Sterling broke resistance at \u20ac1.25 against the Euro, offering a target of \u20ac1.28. * Target calculation: 1.250 + ( &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/05\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, Japanese Yen and South African Rand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,7,33,34],"tags":[287,560,1292,1935,2727,3184],"class_list":["post-4773","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-forex","category-uk-europe-countries-regions","category-us-canada-countries-regions","tag-aussie-dollar","tag-canadian-loonie","tag-euro","tag-japanese-yen","tag-pound-sterling","tag-south-african-rand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, Japanese Yen and South African Rand - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, Japanese Yen and South African Rand - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Euro broke support at $1.25 before falling sharply through $1.24, warning of another decline. Narrow consolidation below the new resistance level is a bearish sign. Follow-through below $1.23 would offer a target of $1.20. Pound Sterling broke resistance at \u20ac1.25 against the Euro, offering a target of \u20ac1.28. * Target calculation: 1.250 + ( &hellip; Continue reading &quot;Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, Japanese Yen and South African Rand&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/05\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-06T01:06:23+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-07-06-eur.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/05\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/05\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, Japanese Yen and South African Rand\",\"datePublished\":\"2012-07-06T01:06:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/05\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\\\/\"},\"wordCount\":156,\"commentCount\":4,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/07\\\/05\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-japanese-yen-and-south-african-rand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-07-06-eur.png\",\"keywords\":[\"Aussie dollar\",\"Canadian Loonie\",\"Euro\",\"Japanese yen\",\"Pound Sterling\",\"South African Rand\"],\"articleSection\":[\"Australia &amp; 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1eZ","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":5038,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/02\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-south-african-rand-and-japanese-yen-2\/","url_meta":{"origin":4773,"position":0},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, South African Rand and Japanese Yen","author":"Colin Twiggs","date":"August 2, 2012","format":false,"excerpt":"The Euro retreated from resistance at $1.24 to test support at $1.22. Downward breakout would test the 2010 low of $1.19. Declining 63-day Twiggs Momentum continues to indicate a strong down-trend. * Target calculation: 1.23 - ( 1.27 - 1.23 ) = 1.19 Pound Sterling broke short-term support at \u20ac1.27\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5209,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/10\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-south-african-rand-and-japanese-yen-3\/","url_meta":{"origin":4773,"position":1},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, South African Rand and Japanese Yen","author":"Colin Twiggs","date":"August 10, 2012","format":false,"excerpt":"The Euro retreated after encountering resistance at $1.2400\/1.2450. Respect of the rising trendline, however, would confirm that the primary down-trend is losing momentum and a bottom is forming. Recovery above $1.2450 would strengthen the signal. Reversal below $1.2150 would warn of another down-swing -- confirmed if primary support at $1.2050\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4893,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/19\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-south-african-rand-and-japanese-yen\/","url_meta":{"origin":4773,"position":2},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar, South African Rand and Japanese Yen","author":"Colin Twiggs","date":"July 19, 2012","format":false,"excerpt":"The Euro retraced to test its new resistance level at $1.23. Respect would confirm a decline\u00a0 to test the 2010 low at $1.19*. Declining 63-day Twiggs Momentum continues to signal a strong down-trend. Breach of the 2010 low would become likely if the ECB indicated an intention to directly or\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4848,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/12\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen\/","url_meta":{"origin":4773,"position":3},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"July 12, 2012","format":false,"excerpt":"The Euro broke medium-term support at $1.23, signaling a test of the 2010 low at $1.19\/$1.20. Declining 63-day Twiggs Momentum warns of a strong down-trend. Breach of the 2010 low becomes likely if the ECB had to indicate an intention to directly or indirectly purchase government bonds -- and would\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5356,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/30\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-3\/","url_meta":{"origin":4773,"position":4},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"August 30, 2012","format":false,"excerpt":"A monthly chart shows the euro testing long-term support at $1.20 against the greenback. Recovery above the steeply descending trendline would indicate another test of the upper triangle border, while failure of support would indicate long-term re-alignment. Indications, from president Mario Draghi, that the ECB will further expand its balance\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4723,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/28\/forex-euro-pound-sterling-australian-dollar-and-canadian-loonie\/","url_meta":{"origin":4773,"position":5},"title":"Forex: Euro, Pound Sterling, Australian Dollar and Canadian Loonie","author":"Colin Twiggs","date":"June 28, 2012","format":false,"excerpt":"The Euro retreated below support at $1.26, indicating a test of the 2010 low at $1.19\/1.20. Breach of the rising trendline on 63-day Twiggs Momentum would strengthen the bear signal. Pound Sterling is testing resistance at $1.58 against the greenback. Respect would indicate\u00a0 another test of primary support at $1.52.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4773"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4773\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}