![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-17-eur.png?w=525&ssl=1\" "\\"Euro\/USD\\"")
<\/p>\nThe Euro is consolidating in a narrow band below $1.36. Upward breakout above $1.37 would signal a fresh advance, with a long-term target of $1.47*. The trough above zero on 13-week Twiggs Momentum indicates a healthy up-trend. Failure of support at $1.34 — and penetration of the rising trendline — is unlikely, but would warn of another correction.<\/p>\n
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\n* Target calculation: 1.37 + ( 1.37 – 1.27 ) = 1.47<\/p>\n
Sterling broke short-term support at €1.18, warning of another correction to primary support at €1.14. Recovery of 13-week Twiggs Momentum above zero continues to favor a primary up-trend. Breakout above resistance at €1.20 is unlikely, but would signal an advance to €1.24*.<\/p>\n
![\"Sterling\/Euro\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-17-gbp.png?w=525&ssl=1\" "\\"Sterling\/Euro\\"")
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\n* Target calculation: 1.19 + ( 1.19 – 1.14 ) = 1.24<\/p>\n
The greenback respected support against the Japanese Yen at ¥96. Breakout above ¥101 would signal another advance. Declining 13-week Twiggs Momentum, however, continues to warn of a weak up-trend and breach of support at ¥96 would indicate a reversal.<\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-17-jpy.png?w=525&ssl=1\" "\\"USD\/JPY\\"")
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\n* Target calculation: 96 – ( 100 – 96 ) = 92<\/p>\n
Canada’s Loonie respected support at $0.96, suggesting another attempt at resistance of $0.9750. Breakout would complete a double-bottom reversal with a target of parity*. Bullish divergence on 13-week Twiggs Momentum also favors a primary up-trend. Reversal below $0.96 is unlikely, but would signal another test of the primary level at $0.9450.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-17-cad.png?w=525&ssl=1\" "\\"Canadian")
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\n* Target calculation: 97.5 + ( 97.5 – 94.5 ) = 100.5<\/p>\n
The Aussie Dollar broke through resistance at $0.95, signaling an advance to $0.97*. Retracement to test the new support level at $0.95 is likely. Respect would confirm the primary advance; failure of support — though unlikely — would warn of another test of $0.93.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-17-aud.png?w=525&ssl=1\" "\\"Aussie")
<\/p>\n
\n* Target calculation: 0.95 + ( 0.95 – 0.93 ) = 0.97<\/p>\n
Against its Kiwi neighbour, the Aussie Dollar respected resistance at $1.14, suggesting another test of primary support at $1.12. Bullish divergence on 13-week Twiggs Momentum, however, continues to favor a primary up-trend. Recovery above $1.14 — and the descending trendline — would signal a test of primary resistance at $1.16. Breakout above $1.16 would complete a double-bottom reversal with a target of $1.20*. Until then, breach of primary support remains a threat and would warn of a decline to $1.08*.<\/p>\n
![\"Kiwi](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-17-nzd.png?w=525&ssl=1\" "\\"Kiwi")
<\/p>\n
\n* Target calculations: 1.12 – ( 1.16 – 1.12 ) = 1.08<\/p>\n","protected":false},"excerpt":{"rendered":"
The Euro is consolidating in a narrow band below $1.36. Upward breakout above $1.37 would signal a fresh advance, with a long-term target of $1.47*. The trough above zero on 13-week Twiggs Momentum indicates a healthy up-trend. Failure of support at $1.34 — and penetration of the rising trendline — is unlikely, but would warn … <\/p>\n