Six German banks were downgraded just couple of days ago when Euro almost ended it's impulsive downside move. Many expected EURUSD to hit 1.20 level before any rebound; however, market does exactly what the order volume dictates. Syndicate profit taking triggered at 1.23 Level which was the highest Volume at the Distribution phase and the beginning of the new Accumulation Phase--thanks to the NFP Data. A bullish sentiment has been created in the market by the first impulse from 1.23 level…

Currently we are @ 1.3156 and approaching the bottom of the trend wall.  This is a critical area for the cross.  Bounce or breakout.  A bounce indicates a move back towards the 1.3250 area.  A break down south targets the .618 Fibo @ 1.3087 area.…

As expected, the cross reversed and has since broken to the 0.618 Fibo @ 1.0655. Look for stall here and then resumption to the 0.786 Fibo@ 1.0593 as the first target and then possibly 1.0562. A strong bounce here signals a move back to the .382 Fibo @ 1.0722.…

The bearish conditions yesterday did not materialize with any real follow through so now expecting the cross to continue.  Look for 1.3352 as the first target and then possibly 1.3384. A bearish move signals a move to the .382 Fibo @ 1.3152…

Currently we are  @ 1.3275  and looking for a continuation  north.  The first  target is the psychological area @ 1.3350 with further targets the R5 @ 1.3396.  A break down south targets the 1.3172  area (we could bounce here).…

Currently we are  @ 1.0782 and looking for a possible bounce @ 1.0758.  A bounce north would target the 1.270 Fibo extension @ 1.0829 with further target the R7 @ 1.0906.  A break down south targets the 1.0662 area (we could bounce here) and a breakout here might go back to the R6 @1.0527. …

Currently @ 1.5830 and testing the R6 top. Non Farm Payroll is today so that could move it either way.  A breakout north would target the -270 Fibo extension @ 1.5932.  A break south targets the trendline @ 1.5786 (we could bounce here)  and a breakout there might go to the 1.5744.  We are bearish for now.…

Currently  @ 0.9186 and caught in a wedge. Fed Chairman Bernake speaks today so that could move it either way.  A breakout north would target the .618 Fibo @ 0.9292 from the day chart.  A breakout south targets the -0.270 Fibo @ 0.9057.  We are bearish for now.…

Currently we are @ 1.0700 after breaking the very strong resistance. Looking for the bullish move to continue to resistance @ 1.0760.  Immediate target is the -0.270 fib extension @ 1.0729.  A failure to continue at the current level here would signal a move to the 0.500 fibo  @ 1.0606  .  We remain bullish  for now.…

Currently we are @ 1.5772  just below the -0.270 Fibo.  A sideways move or small pullback is possible here .  Looking for the bullish move to the R6 @ 1.5860.  A failure to break the -0.270 Fibo  here would signal a move to the double top @ 1.5740.  We are remain bullish for now.…

Currently the cross is @ 1.0273  after moving to the top of the down trendwall.  We are  looking for the bounce off the trendline to the  .382 fibo  @ 1.0228 and then we will see.    We could also see a breakout north and that would target the -0.270 Fibo and S3 @ 1.0385.  Staying bearish for now but will not take much to become a bull.…

Currently the cross is @ 99.45.  Lots of bearish activity but below the 99.32 has nothing but Fib targets to shoot for.  We have not been in this price range since 2001!   Next Target after the break of the 0.786 fibo is the 1.270 Fib @ 98.48 with the 1.618 target at 97.87.…

Hi everybody, for this presentation I cover the Aussie extensively, to include Aussie and Equity market correlations.  I hope you enjoy the session.  I have included a link to my contact details should you wish to discuss if FXbootcamp is right for you.  Good luck!  David Pegler http://fxbootcamp.com/amember/go.php?r=478&i=l7

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