friday sep. 26 2014

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DAILY FOREX MARKET ANALYSIS SELECTED CURRENCY PAIRS SEPTEMBER 26, 2014 ______________________________________________________________ I. DAILY CHART CURRENCY ANALYSIS WIDE-VIEW ANALYSIS IMMEDIATE-VIEW ANALYSIS BRIEF DESCRIPTION II. POSSIBLE TRADES NEXT FEW DAYS ________________________________________________________ TODAY´S PAIRS EURO USD USD CHF USD CAD NZD JPY

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DAILY FOREX MARKET ANALYSIS

SELECTED CURRENCY PAIRS

SEPTEMBER 26, 2014______________________________________________________________

I. DAILY CHART CURRENCY ANALYSIS

WIDE-VIEW ANALYSIS

IMMEDIATE-VIEW ANALYSIS

BRIEF DESCRIPTION

II. POSSIBLE TRADES NEXT FEW DAYS

________________________________________________________

TODAY´S PAIRS

EURO USD

USD CHF

USD CAD

NZD JPY

I. CURRENCY ANALYSIS

EURO USD

DAILY CHART

Heading to the Support of the Large Pennant Consolidation;

DAILY CHART

Broke below Counter Trend Line to continue slow, steady Downtrend;

Target is the Support of the Large Pennant;

4H CHART

Entry took place at the breakout from the follow-up Pennant Consolidation;

USD CHF

WIDER VIEW

DAILY CHART

Headed to the Outer Downtrend Line;

DAILY CHART

Continuing to Rally despite hitting the 2nd Weekly Range (WR) and thus the Monthly Range;

4 HOUR CHART

Entry took place after the break of the Pennant;

USD CAD

Resuming overall Uptrend after break of Downtrend Line;

IMMEDIATE VIEW

Breaking out from Normal Consolidation Range;

4th Candle used for entry - only 3 days left of 7 Day Period (Rule requires at least 4 days);

DAILY CHART

Target set for the Breakout Equivalent (B.E.) of this Normal Range;

4 HOUR CHART

Entry took place at the break of this Pennant;

NZD JPY

DAILY CHART

In a Large Pennant, now below the Uptrend Line;

DAILY CHART

U-turned sharply with very Large Candle to Support;

III. POSSIBLE TRADES NEXT FEW DAYS

PAIR SETUPS & SIGNALS

NZD JPY Setup and Signal to break Pennant bearish;AUD CAD Setup and Signal to continue bearish breakout;

NZD JPY

AUD CAD

Breakout Equivalent (B.E.) of small Range hit below Trend Line;

Needs a strong setup and signal to resume breakout;

Next target would be the Breakout Equivalent of the Large Range;

___________________________________________________________