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[B]BIAS[/B]: The downside has a greater chance of developing now…

[B]Resistance[/B]:... 0.9231........ 0.9248-57... 0.9280........ 0.9308-18
[B]Support[/B]:........ 0.9209-14... 0.9195........ 0.9165-73... 0.9149

[B]MAIN ANALYSIS[/B]: If this has any chance of extending losses, then now is the time… A break below yesterday's 0.9214 low should be enough to see this extend to the 0.9166-73 area for a correction of around 25 points to then trigger losses to the 0.9149 swing low. I suspect this will hold but check as price approaches. The next potential projection and support is at 0.9115. I feel the correction will not be overly deep from 0.9149 (or 0.9115) and remain below 0.9185-0.9215. From there ...

Attached Files

• The Brief Daily Forecaster.pdf (87.7 KB, 45 次查看)

[B]INTRADAY CHART[/B]
[ATTACH=CONFIG]183448[/ATTACH]

[B]19th February[/B]:

The decline has developed a little deeper than expectedand wihtin Wave iii I feel we should now see this at the 298.4% projection at 29.46. With Wave ii around 76.4% we should see Wave iv stall by the 23.6% retracement (around 30.03) for losses in Wave v that should reach the 50% projection at 28.72 at least.

Only an earlier break above the pivot resistance at 30.75-85 would cause some concern...

[B]RATIO TABLE[/B]
[ATTACH=CONFIG]183449[/ATTACH]

Good trading
Ian Copsey

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[B]BIAS[/B]: Cautiously while 125.19 supports we should see gains to around 127.46-70

[B]Resistance[/B]:... 125.89... 126.22... 126.55........ 126.93
[B]Support[/B]:........ 125.19... 124.76... 124.25-59... 124.00

[B]MAIN ANALYSIS[/B]: Yesterday's gains were limited to 126.55 following which we have seen a correction down to 125.18-20. Ideally this should hold and trigger gains above 125.89 and then 126.22 towards the 126.55 high. Overall this should reach the 126.93 area at least and I suspect the 127.46-70 area between the highs. I'd expect a correction from here back to the 126.55-85 area. Then begin to look for potential for the uptrend to resume. Probably not today, but I suspect this next rally would ...

Attached Files

• The Brief Daily Forecaster.pdf (88.0 KB, 44 次查看)

[B]BIAS[/B]: Look for further gains to 1.5898-16

[B]Resistance[/B]:... 1.5807........ 1.5844... 1.5878... 1.5898-16
[B]Support[/B]:........ 1.5770-83... 1.5740... 1.5716... 1.5696

[B]MAIN ANALYSIS[/B]: The rally developed and pushed to the high-end of the stronger projection at 1.5832-44. I suspect we have either seen the full correction at 1.5783 but it would be best to allow for 1.5770-75. From there - or a direct break back above 1.5844 look for extension to the 1.5898-16 area (max 1.5941) before a correction lower. While I don't think it will get there, also note the 1.6000-10 resistance.

[B]COUNTER ANALYSIS[/B]: Only a direct break back below 1.5760-65 would allow losses to extend ...

Attached Files

• The Brief Daily Forecaster.pdf (87.2 KB, 42 次查看)