Forex Charts
USDCAD – small pop to 1.1328/44; then can test major 1.1254 level
The hourly chart shows a decline this month that has so far held critical 1.1254 support.
FX Daily
We expect the German financial ZEW expectations to break the 10-month streak ofdeclines and
USDJPY – waiting for confirmation (<115) that 5-waves up are complete
Because the trend is still clearly up we’ll need to
EURUSD – a break through h&s neckline at 1.2578 projects to 1.2798
Supportive of our call for a rally in Euro is the base building process on the hourly chart.
FX Daily
In the US industrial production is due for release and we expect an increase of 0.2%m/m in October.
FX Daily
The Fed’s Bill Dudley (voter, dove) will speak at 09:30 CET. The speech will beinteresting as Dudley is at the centre of
USDCAD – weekly, daily, hourly top down update
So 1.17 would be an ideal target for this rally from 1.06 because that is a key target zone and
USDJPY – 5-waves done ; now 3-wave correction to 112.67/110.67
This chart offers strong evidence for our “the dollar is topping” theme.
FX Daily
In UK the labour market report is released and the unemployment rate is expectedto decline further to 5.9% in September from 6.0% in October (ILO data).