![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-06-eur.png?w=525&ssl=1\")
<\/p>\nThe Euro followed through below $1.3150, after breaking support at $1.32, confirming a correction to primary support at $1.2750\/1.2800. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal.<\/p>\n
<\/p>\n
Sterling penetrated the descending trendline (weekly chart) against the euro, suggesting the primary down-trend is over. Breakout above \u20ac1.19 would complete a double bottom with a target of \u20ac1.24*. Recovery of 13-week Twiggs Momentum above zero also indicates a primary up-trend. Reversal below \u20ac1.16 is unlikely, but would warn the down-trend may continue; failure of primary support at \u20ac1.14 would confirm.<\/p>\n
![\"Sterling\/Euro\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-06-gbp.png?w=525&ssl=1\")
<\/p>\n
* Target calculation: 1.19 + ( 1.19 – 1.14 ) = 1.24<\/p>\n
The greenback broke out of its triangular pattern (weekly chart) against the Yen, but too close to the apex to have much significance. Follow-through above \u00a5101.50 would offer a long-term target of \u00a5114*. Reversal below \u00a596 is unlikely, but would test primary support at \u00a594.<\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-06-jpy.png?w=525&ssl=1\")
<\/p>\n
* Target calculation: 104 + ( 104 – 94 ) = 114<\/p>\n
Canada’s Loonie is testing primary support at $0.9450 against the greenback. Respect, indicated by recovery above $0.96, would test the descending trendline (weekly chart) and resistance at $0.9750. Failure of support is as likely, however, and would warn of another decline.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-06-cad.png?w=525&ssl=1\")
<\/p>\n
The Aussie Dollar penetrated its descending trendline (daily chart) against the greenback, suggesting the primary down-trend is weakening. Breakout above $0.92 would complete a double-bottom reversal with an initial target of $0.95*. Respect of resistance remains likely, however, and would signal another test of primary support at $0.89*.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-06-aud.png?w=525&ssl=1\")
<\/p>\n
* Target calculations: 0.92 + ( 0.92 – 0.89 ) = 0.95; 0.89 – ( 0.92 – 0.89 ) = 0.86<\/p>\n
The Aussie penetrated its descending trendline (weekly chart) against the Kiwi, suggesting that the primary down-trend is over. Breakout above $1.16 would confirm, while reversal below $1.12 would signal another decline.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-06-nzd.png?w=525&ssl=1\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
The Euro followed through below $1.3150, after breaking support at $1.32, confirming a correction to primary support at $1.2750\/1.2800. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal. Sterling penetrated the descending trendline (weekly chart) against the euro, suggesting the primary down-trend is over. Breakout above \u20ac1.19 would complete a double bottom with … <\/p>\n