{"id":5840,"date":"2012-10-25T01:40:31","date_gmt":"2012-10-25T05:40:31","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5840"},"modified":"2012-10-25T01:40:31","modified_gmt":"2012-10-25T05:40:31","slug":"forex-aussie-dollar-euro-pound-sterling-and-canadas-loonie","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/forex-aussie-dollar-euro-pound-sterling-and-canadas-loonie\/","title":{"rendered":"Forex: Aussie Dollar, Euro, Pound Sterling and Canada's Loonie"},"content":{"rendered":"

The Aussie Dollar (daily chart) is headed for another test of resistance at $1.04 against the greenback. A 63-day Twiggs Momentum trough above zero suggests a primary up-trend. Breakout above $1.04 would offer a target of $1.06*.<\/p>\n

\"Aussie<\/p>\n

* Target calculation: 1.04 + ( 1.04 – 1.02 ) = 1.06<\/span><\/p>\n

The Euro (weekly chart) is testing resistance at $1.32. Recovery of 63-day Twiggs Momentum above zero suggests a primary up-trend. Breakout above $1.32 — and penetration of the descending trendline — would confirm, offering an immediate target of the 2012 high at $1.35.<\/p>\n

\"Euro\/USD\"<\/p>\n

* Target calculation: 1.32 + ( 1.32 – 1.28 ) = 1.36<\/span><\/p>\n

Pound Sterling (weekly) rallied off primary support at\u00a0\u20ac1.225\/\u20ac1.23 against the euro. Breach would complete a head and shoulders reversal with a target of $1.18*. Reversal of 63-day Twiggs Momentum below zero suggests a primary down-trend. Expect a test of resistance at $1.26 followed by another attempt at primary support.<\/p>\n

\"Pound<\/p>\n

* Target calculation: 1.23 – ( 1.28 – 1.23 ) = 1.18<\/span><\/p>\n

Canada’s Loonie (daily) is consolidating between $1.00 and $1.01 (USD).\u00a0 Downward breakout — and penetration of the rising trendline — would warn of another test of primary support at $0.96. But 63-day Twiggs Momentum is bullish and a trough above zero would suggest an advance to the 2011 highs at $1.06.<\/p>\n

\"Canadian<\/p>\n","protected":false},"excerpt":{"rendered":"

The Aussie Dollar (daily chart) is headed for another test of resistance at $1.04 against the greenback. A 63-day Twiggs Momentum trough above zero suggests a primary up-trend. Breakout above $1.04 would offer a target of $1.06*. * Target calculation: 1.04 + ( 1.04 – 1.02 ) = 1.06 The Euro (weekly chart) is testing … <\/p>\n

Continue reading “Forex: Aussie Dollar, Euro, Pound Sterling and Canada's Loonie”<\/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":[287,560,1292,2727],"class_list":["post-5840","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-pound-sterling"],"yoast_head":"\nForex: Aussie Dollar, Euro, Pound Sterling and Canada's Loonie - 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: Aussie Dollar, Euro, Pound Sterling and Canada's Loonie - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Aussie Dollar (daily chart) is headed for another test of resistance at $1.04 against the greenback. 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Breakout would respect the primary down-trend, warning of another test of primary support at the 2010 low at $1.19\/1.20. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal. Recovery above $1.32 is less likely but would indicate an advance to $1.35\/$1.36*.\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5747,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/12\/forex-euro-recovers-aussie-sterling-test-support\/","url_meta":{"origin":5840,"position":1},"title":"Forex: Euro recovers, Aussie & Sterling weaken","author":"Colin Twiggs","date":"October 12, 2012","format":false,"excerpt":"The Euro is headed for another re-test of resistance at $1.32 and its descending trendline. Breakout would signal a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Reversal below $1.26 is unlikely but would warn of another test of primary support at $1.20. * Target calculation:\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5775,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/18\/forex-euro-pound-sterling-canadian-loonie-and-aussie-dollar\/","url_meta":{"origin":5840,"position":2},"title":"Forex: Euro, Pound Sterling, Canadian Loonie and Aussie Dollar","author":"Colin Twiggs","date":"October 18, 2012","format":false,"excerpt":"The Euro rallied off support at $1.28 and is headed for resistance at $1.32. Recovery of 63-day Twiggs Momentum above zero suggests a primary up-trend. Breakout above $1.32 would confirm, offering an immediate target of the 2012 high at $1.35. * Target calculation: 1.32 + ( 1.32 - 1.28 )\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3519,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/","url_meta":{"origin":5840,"position":3},"title":"Forex: Euro slides on Greek turmoil","author":"ColinTwiggs","date":"February 16, 2012","format":false,"excerpt":"The euro retreated below $1.32 USD; failure of support at $1.30 would indicate another test of primary support at $1.26. And breakout below primary support would signal a decline to $1.20*. * Target calculation: 1.26 - ( 1.32 - 1.26 ) = 1.20 Pound Sterling is retreating on the weekly\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"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":5840,"position":4},"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 "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/07\/forex-euro-pound-sterling-canadian-loonie-australian-dollar-and-japanese-yen-4\/","url_meta":{"origin":5840,"position":5},"title":"Forex: Euro, Pound Sterling, Canadian Loonie, Australian Dollar and Japanese Yen","author":"Colin Twiggs","date":"September 7, 2012","format":false,"excerpt":"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\u2026","rel":"","context":"In "Africa & South America"","block_context":{"text":"Africa & 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\/5840","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=5840"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5840\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}