FOREX PRO WEEKLY July 21-25, 2014

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nzdusd update

..now lets see if and what kind of impact hitting target of Kiwi could&would have on the market..

..fact is, it can go lower but I like an idea of Friday cash-in...

 

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nzdusd daily insight

I have not forgotten on projected targets, did Kiwi?

I think there is felt some kind of relief from pressure of US$...

I expect Kiwi should retrace at least into 0,8648/0,8718 zone from where it could start second ZZ down or continue up..basicaly is in similar situation as rest of pairs, open to both directions..
Below 0,84 we could start sinking...

 

[minimax]

eurusd update

..we stopped exactly at 138,2 extension, 0.4 pip below..I wrote about last level of potential b wave of 2nd wave in an impulse...huh, this could be very bearish if market recognize 1st weekly leg down as an impulse although on daily looks like sh**t in lower part..I am not very fond of this idea...more likely whole mission is either big flat or ending diagonal on weeklyl... there still exists chance I described in first post about retreat above 1,3575 but not above 1,3650 and fast drop after FOMC... lets see..



ps
15.55 CET
If we get cash-in, we might get it after London closing

 

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usdcad insight

Loonie fell and hit the target but do not get it why so fast and in 5 waves pattern...we will see how it will develop later but it should pull back and once more up...