Κυριακή 22 Απριλίου 2012

G7 OUTLOOK FOR THE WEEK 22-28 APRIL


This week starts with no major economic data releases on Monday but as it continues it gets more interesting with FOMC release on wednesday and UK GDP.At the same time results from French election may affect the markets. 

EURUSD: The weekly is still in a sell mode but wave is fading . Daily in the other hand shows a strong wave which may lead the eurusd higher (at least in the beginning of the week)

EURJPY: The weekly indicates that the pair is getting ready to resume the strong uptrend

EURAUD: The weekly trend is still strong down  but  the weekly wave indictae  that we may see a reversal

EURCHF: Strong down (of course indicators are not very useful in this pair

USDCHF: Strong down

GBPUSD : This is the pair with clearest picture and strong uptrend signal. Probably is getting ready for  500pips trend rally


USDJPY: This pair is also ready to resume its strong uptrend

AUDUSD: The analysis in this pait give mixed results



CURENCIES DAILY WEEKLY
DAILY DATA'!A1 TREND WAVE TREND WAVE
EURUSD
-3 5 -5 -1
EURJPY
3 -1 -1 3
EURAUD
3 -1 -5 3
EURCHF
-5 -3 -5 -5
USDCHF
1 -5 -1 -5
GBPUSD
7 5 7 5
USDJPY
1 -1 5 5
AUDUSD
-3 1 1 -5


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