![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-15-eur.png?w=525&ssl=1\")
<\/p>\nThe Euro is consolidating between $1.32 and $1.34. Upward breakout would indicate a primary advance to $1.40*, while reversal below $1.32 would warn of another test of primary support at $1.27. Close oscillation of 13-week Twiggs Momentum around the zero line indicates hesitancy.<\/p>\n
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* Target calculation: 1.34 + ( 1.34 – 1.28 ) = 1.40<\/p>\n
Sterling respected primary support at \u20ac1.135\/\u20ac1.140 against the euro. Recovery above \u20ac1.165 suggests that a bottom is forming.\u00a0 Penetration of the descending trendline would strengthen the signal. In the longer term, breakout above \u20ac1.19 would complete a double bottom with a target of \u20ac1.24. Recovery of 13-week Twiggs Momentum above zero would also indicate a primary up-trend. Reversal below \u20ac1.165, however, would warn the down-trend is likely to continue. Failure of primary support at \u20ac1.14 would confirm.<\/p>\n
![\"Sterling\/Euro\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-15-gbp.png?w=525&ssl=1\")
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* Target calculation: 1.19 + ( 1.19 – 1.14 ) = 1.24<\/p>\n
The greenback is headed for a test of primary support at \u00a594 against the Yen.\u00a0 Breach of short-term support at \u00a596 would confirm.\u00a0 In the longer term, breach of primary support at \u00a594 would signal a down-trend with an initial target of \u00a586*, while recovery above \u00a5101.50 would indicate an advance to \u00a5108*. <\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-15-jpy.png?w=525&ssl=1\")
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* Target calculation: 102 + ( 102 – 96 ) = 108; 94 – ( 102 – 94 ) = 86;<\/p>\n
Canada’s Loonie is consolidating between $0.96 and $0.975 against the greenback. Upward breakout would penetrate the descending trendline, suggesting that a bottom is forming, while reversal below $0.96 would test primary support at $0.945.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-15-cad.png?w=525&ssl=1\")
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Short retracement of the Aussie Dollar against the greenback suggests buying pressure. Follow-through above $0.92 would test the descending trendline and resistance at $0.93. Breakout is unlikely, but would warn that the down-trend is ending. Reversal below medium-term support at $0.90 would warn of a decline to $0.87*, with a long-term target of $0.80*.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-15-aud.png?w=525&ssl=1\")
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* Target calculations: 0.90 – ( 0.93 – 0.90 ) = 0.87; 0.95 – ( 1.10 – 0.95 ) = 0.80<\/p>\n","protected":false},"excerpt":{"rendered":"
The Euro is consolidating between $1.32 and $1.34. Upward breakout would indicate a primary advance to $1.40*, while reversal below $1.32 would warn of another test of primary support at $1.27. Close oscillation of 13-week Twiggs Momentum around the zero line indicates hesitancy. * Target calculation: 1.34 + ( 1.34 – 1.28 ) = 1.40 … <\/p>\n