DAILY FOREX MARKET ANALYSIS

SELECTED CURRENCY PAIRS

OCTOBER 6, 2014______________________________________________________________

I. DAILY CHART CURRENCY ANALYSIS

WIDE-VIEW ANALYSIS

IMMEDIATE-VIEW ANALYSIS

BRIEF DESCRIPTION

II. POSSIBLE TRADES NEXT FEW DAYS

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TODAYS PAIRS

GBP AUD

USD CAD

NZD CAD

NZD USD

I. CURRENCY ANALYSIS

GBP AUD

DAILY CHART

Rallied Sharply to break above Downtrend Line;

DAILY CHART

Now Pulling back below a Counter Trend Line after rallying sharply past its Monthly Range;

USD CAD

DAILY CHART

Resumed Main Uptrend with Rally above Downtrend Line;

DAILY CHART

Has pulled back after hitting the Breakout Equivalent of Range;

NZD CAD

DAILY CHART

In a Downtrend heading to the Outer Uptrend Line;

Downtrend started with breakout from Pennant;

Close to hitting 2nd Monthly Range in this slow moving trend with small Candles (250 Pips - Weekly Range);

Trends with these Candles do not obey traditional Weekly Range targets;

NZD USD

WIDER VIEW

DAILY CHART

Support of large Pennant hit after a False Breakout at Resistance;

DAILY CHART

Declined by over 1,000 Pips after breaking Range at Resistance;

Another example of small candles moving over large ranges;

III. POSSIBLE TRADES NEXT FEW DAYS

PAIR SETUPS & SIGNALS

NZD JPY Setup and Signal to continue Bearish breakout;AUD CAD Setup and Signal to continue Bearish breakout;GBP JPY Setup and Signal for False 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;

GBP JPY

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