{"id":5409,"date":"2012-09-07T01:09:37","date_gmt":"2012-09-07T05:09:37","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5409"},"modified":"2012-09-07T01:09:37","modified_gmt":"2012-09-07T05:09:37","slug":"forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/07\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\/","title":{"rendered":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen"},"content":{"rendered":"<p>The Euro is headed for $1.275, unaffected so far by the <a title=\"WSJ Online: ECB Bond Purchases\" href=\"http:\/\/goldstocksforex.com\/2012\/09\/06\/ecb-unveils-bond-buying-program-wsj-com\/\" target=\"_blank\">announcement<\/a> that the ECB will purchase government bonds in the secondary market. Expect strong\u00a0resistance at $1.275, reversal below the lower trend channel would warn of a correction.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-09-07-eur.png?w=525&#038;ssl=1\" alt=\"Euro\/USD\" \/><\/p>\n<p>Pound Sterling is weakening against the euro, with a descending triangle testing support at\u00a0\u20ac1.255. Failure of support would indicate a test of \u20ac1.230. 63-Day Twiggs Momentum is falling, but continues to indicate a primary up-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-09-07-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: 1.255 &#8211; ( 1.285 &#8211; 1.255 ) = 1.225<\/span><\/p>\n<p>Canada&#8217;s Loonie is testing resistance against the greenback at $1.02.\u00a0 Breakout would indicate an advance to the 2011 highs at $1.06. Reversal below parity is unlikely, but would test primary support at $0.95\/$0.96. Rising 63-day Twiggs Momentum suggests a primary up-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-09-07-cad.png?w=525&#038;ssl=1\" alt=\"Canadian Loonie\/Aussie Dollar\" \/><\/p>\n<p>The Aussie Dollar found support at $1.02 against the greenback. Expect a test of $1.04. Breakout would indicate $1.06, while respect would warn of a down-swing to parity. Recovery of 63-day Twiggs Momentum above zero suggests an up-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-09-07-aud.png?w=525&#038;ssl=1\" alt=\"Aussie Dollar\/USD\" \/><\/p>\n<p>The Australian Dollar found support against the yen at \u00a579.50\/\u00a580.00. Recovery above \u00a583.50 would indicate a test of \u00a588.00. Rising 63-day Twiggs Momentum suggests a primary up-trend. Reversal below \u00a579.50 is unlikely, but would indicate another test of primary support at\u00a0\u00a574.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-09-07-jpy.png?w=525&#038;ssl=1\" alt=\"US Dollar\/Japanese Yen\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro is headed for $1.275, unaffected so far by the announcement that the ECB will purchase government bonds in the secondary market. Expect strong\u00a0resistance at $1.275, reversal below the lower trend channel would warn of a correction. Pound Sterling is weakening against the euro, with a descending triangle testing support at\u00a0\u20ac1.255. Failure of support &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/07\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen&#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_memberships_contains_paid_content":false,"footnotes":""},"categories":[38,40,7,33,34],"tags":[287,560,1292,1935,2727],"class_list":["post-5409","post","type-post","status-publish","format-standard","hentry","category-africa-south-america","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"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen - 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 and Japanese Yen - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Euro is headed for $1.275, unaffected so far by the announcement that the ECB will purchase government bonds in the secondary market. Expect strong\u00a0resistance at $1.275, reversal below the lower trend channel would warn of a correction. Pound Sterling is weakening against the euro, with a descending triangle testing support at\u00a0\u20ac1.255. Failure of support &hellip; Continue reading &quot;Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/07\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\/\" \/>\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=\"2012-09-07T05:09:37+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-09-07-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\\\/09\\\/07\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/07\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen\",\"datePublished\":\"2012-09-07T05:09:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/07\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\\\/\"},\"wordCount\":195,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/07\\\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2012\\\/2012-09-07-eur.png\",\"keywords\":[\"Aussie dollar\",\"Canadian Loonie\",\"Euro\",\"Japanese yen\",\"Pound Sterling\"],\"articleSection\":[\"Africa &amp; 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. 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. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","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-1pf","jetpack_likes_enabled":false,"jetpack-related-posts":[{"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":5409,"position":0},"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":5273,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/16\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-2\/","url_meta":{"origin":5409,"position":1},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"August 16, 2012","format":false,"excerpt":"The Euro is testing short-term support at $1.2250 on the daily chart. Recovery above $1.2400 would indicate another rally, while failure of support would test primary support at $1.2050. The primary trend is still downwards, but breach of the descending trendline means the primary down-trend is losing momentum and a\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":5409,"position":2},"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":5409,"position":3},"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":5471,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/14\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-5\/","url_meta":{"origin":5409,"position":4},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"September 14, 2012","format":false,"excerpt":"The Euro broke out above its trend channel and resistance at $1.2750 on the daily chart to signal a primary up-trend. Recovery of 63-day Twiggs Momentum above zero confirms. Target for the advance is the 2012 high of $1.35*. * Target calculation: 1.275 + ( 1.275 - 1.20 ) =\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":4964,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/27\/forex-euro-pound-sterling-yen-aussie-loonie-rand\/","url_meta":{"origin":5409,"position":5},"title":"Forex: Euro, Pound Sterling, Yen, Aussie, Loonie, Rand","author":"Colin Twiggs","date":"July 27, 2012","format":false,"excerpt":"The euro is testing resistance at $1.23\/$1.24 against the greenback. Breakout above resistance and the descending trendline would warn that the primary down-trend is weakening and a bottom is forming . Negative values on 63 -day Twiggs Momentum continue to indicate a primary down-trend and respect of resistance would favor\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5409","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=5409"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5409\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}