![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-24-eur.png?w=525&ssl=1\" "\\"Euro\/USD\\"")
<\/p>\nThe Euro broke through its February high of $1.37, signaling a long-term advance to $1.46*. Troughs above zero on 13-week Twiggs Momentum indicate a healthy up-trend, but expect retracement to test the new support level. Reversal below support at $1.34 is unlikely, but would warn of another correction.<\/p>\n
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\n* Target calculation: 1.37 + ( 1.37 – 1.28 ) = 1.46<\/p>\n
Sterling is testing medium-term support at €1.175. Penetration of the rising trendline warns the trend is weakening and failure of support would signal a correction to primary support at €1.14. Reversal of 13-week Twiggs Momentum below zero strengthens the warning. Recovery above resistance at €1.20 is unlikely, but would signal an advance to €1.225*.<\/p>\n
![\"Sterling\/Euro\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-24-gbp.png?w=525&ssl=1\" "\\"Sterling\/Euro\\"")
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\n* Target calculation: 1.20 + ( 1.20 – 1.175 ) = 1.225<\/p>\n
The greenback is pretty directionless against the Japanese Yen, reflecting indecision. Declining 13-week Twiggs Momentum warns of trend weakness. Breakout above ¥101 would signal another advance, while breach of support at ¥96 would indicate a reversal.<\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-24-jpy.png?w=525&ssl=1\" "\\"USD\/JPY\\"")
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Canada’s Loonie is back at parity against the Aussie Dollar. Expect some support at this level. A breach of the descending trendline would alert us to a potential rally, as would reversal of 13-week Twiggs Momentum above zero.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-24-cad.png?w=525&ssl=1\" "\\"Canadian")
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The Aussie Dollar encountered resistance at its target of $0.97* against the greenback. Short retracement would indicate strong momentum, while respect of the new support level at $0.95 would suggest a healthy up-trend. Failure of support is unlikely, but would warn the up-trend is weakening.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-24-aud.png?w=525&ssl=1\" "\\"Aussie")
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\n* Target calculation: 0.95 + ( 0.95 – 0.93 ) = 0.97<\/p>\n
The Aussie Dollar is strengthening against its Kiwi neighbour, breaking resistance at $1.14 to signal another test of $1.16. Bullish divergence on 13-week Twiggs Momentum favors a primary up-trend. Breakout above $1.16 would complete a double-bottom reversal with a target of $1.20*. Reversal below $1.14 is now unlikely, but would warn of another decline; confirmed if primary support at $1.12 is broken.<\/p>\n
![\"Kiwi](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-24-nzd.png?w=525&ssl=1\" "\\"Kiwi")
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\n* Target calculations: 1.16 + ( 1.16 – 1.12 ) = 1.20<\/p>\n","protected":false},"excerpt":{"rendered":"
The Euro broke through its February high of $1.37, signaling a long-term advance to $1.46*. Troughs above zero on 13-week Twiggs Momentum indicate a healthy up-trend, but expect retracement to test the new support level. Reversal below support at $1.34 is unlikely, but would warn of another correction. * Target calculation: 1.37 + ( 1.37 … <\/p>\n