G14 OUTLOOK FOR THE WEEK 19 NOV - 25 NOV

The most important events in the economic calendar for the coming week are : 1) The announcement of  rates by the Bank of Japan on Monday , 2) The speach of RBA gov Stevens on Tusday , 3) The speach of Ben Bernanke also on Tusday, 4) German Ifo business climate on Friday. In addition we have a Eurogroup on Tusday where decision for Greece are expected to be made and  ongoing talks for the Fiscall cliff

EURUSD: The weekly is in a buy mode but with not a clear trend  . Daily in the other hand shows a strong downtrend. None the less indicators show that we may have a retracement up to 1.2850-1.29 area in the beginning of the week (events related) before a new strong downtrend resume. 

EURJPY:  Both weekly and daily  indicators shows a strong uptrend . With a a fair value around  101.70 the pair has a lot of upward potential . If it breaks  104.70 resistance then it will climb fast to 107 and then  110 area 

EURAUD: In weekly the pair is bear without though being able to give a sell signal yet . In the daily however the picture is very  different . Most of the indicators point down  and only a break of  1.2420 area would change the momentum dramatically and give a a strong buy signal

EURCHF: Strong down (again after a small break of a couple of months the idicators have turned red again)

USDCHF: Strong up by most of indicators . This pair is behaving exactly opposite of what eurusd does

GBPUSD : This pair is getting ready for a  bit fall propable to 1.51 level. Although it has a strong doward weekly wave momentum, the weekly up trend still remains intact. In the daily however is in a clear downtrend both trend and wave.

USDJPY: This pair is in a strong uptrend which probable will lead it to  84 and then 92 area

AUDUSD: The analysis in this pait give mixed results. It is slightly bear but it is better to wait . If it fades the fall and breaks 1.0460 it would be a strong buy !