Comment le commerce une Extension de tendance Possible USD/JPY

Installation «triangle of 3 points» USD/JPY is possible AUDUSD might test the. 9167-. 9203 before is interrupting the USDCAD and USDNOK eruptions at the end of the year? Webinar DailyFX more than Friday highlights the developments and levels to monitor in pairs of FX Europe / products. (the video is titled JamieTrading12062013).

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Jamie is the author of Sentiment in the Forex market.

USD/JPY

Schedule

Chart prepared by Jamie Saettele, CMT using Marketscope 2.0

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-The decrease of USD/JPY of the 103.37 is remedial and the largest part of the decline has already been traced.

-One of my favourite configurations "trend extension" is the construction of a triangle of 3 points (markets borders but with only 3 legs). A decrease compared to before the high that relies on the prior 101.61 could meet the requirements.

-A a bullish lens of 105.12 is derived by calculating the displacement measured dip 98.54 - 101.61. The end of Oct 2008 remains discovered at 105.30.

Trading strategy: seek to reinstate the long (trailed out to 102.20 this week). 101, 80-102, 20 is estimated support.

AUD/USD

4 Hours

Chart prepared by Jamie Saettele, CMT using Marketscope 2.0

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-AUDUSD formed an outside day reversal Friday.

-Drop to a new low appears to have completed 5 waves down the high 12/2. A full retracement of the decline would return prices to the old 4th wave a.9167. In general,. 9167-. 9203 is resistance.

-A re - test the level of detail from the top of head and shoulders a.9267 is possible as well.

Trading strategy: the biggest trend is still down, but I am flat at the moment after being dragged out of a month long short position a.9080. Short-term support is estimated a.9065. .9200 may be the level of thinking to turn bearish again.

USD/NOK

Weekly

Chart prepared by Jamie Saettele, CMT using Marketscope 2.0

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USDNOK - broke above a trendline from 3 years in June. The top of this line has been tested as support in September (the test was on the spur, "non-cone").

-Recently broken resistance at 6.0730 (10/10 high) served from support throughout Nov.

C ' is the third week this year that price tries a jump above the high of 2012. Measured moves on a jump above 6.2643 is 6.7963 and 6.9115. The 2010 high is 6.7273. 6.10 is estimated to support within the range.

Trading strategies: I'm long with a 6.10 stop.

USD/CAD

Weekly

Chart prepared by Jamie Saettele, CMT using Marketscope 2.0

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-USDCAD traded above 1.0700 this week for the first time since may, 2010 (after the "flash crash").

-The line which stretches away on the 10/22 and 11/18 depressions can come into play as support. This line is to 1,0530 on Monday and next Friday about 1.0560. Recently broken 1.0608 tops and 1.0567 are also of note.

-Objectives measured ranges recently broken are 1.1035 and 1.1681. These levels is pretty much in line with the peaks in July and August 2009 at 1.1723 and 1.1125. The top to 1.0854 may 2010 is noted.

Trading strategy: A gesture substantial bull may be underway. 1.0567 - 1.0608 is supported. I'm looking a bit in this area.

USD/JPY

Every day

Chart prepared by Jamie Saettele, CMT using Marketscope 2.0

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C ' is a tale of the trendlines in USDMXN. Tuesday, prices negotiated in and reversed from the line of resistance which comes from the 2012 high. Friday, the rates traded in a line well defined support coming from the low Jul.

Trading strategy: just know that the market is wound a big move. Price must stabilise before long.

-Written by Jamie Saettele, CMT, technical strategist of DailyFX.com

To communicate with Jamie Courriel jsaettele@dailyfx.com. Follow him on Twitter @JamieSaettele