CURRENCY LAB ©

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TechCom
Techcom7@Bellsouth.net FOR : NOV 03, 2010

US DOLLAR INDEX . EURO / US DOLLAR .

A couple of failed stabs at the 78’s may have satisfied corrective
needs so the 76.14 shallow weekly uptrend is back on alert. If
able to hold, so a more extensive basing exercise could evolve
to keep 78.36 in sight as a gateway back upwards. If 76.14 gave
way however, beware the next step down reaching 74.20.
Several weeks consolidating above 1.37 hints at broad pennant
potential and so a getaway through 1.416 would train focus on
the weekly downtrend at 1.453. Only a sharper swerve back
beneath 1.37 would dilute the pennant impression and thereby
threaten a deeper retracement to the prior base rim at 1.304.

US DOLLAR INDEX WEEKLY EURO / US DOLLAR WEEKLY

1.525
1.453

8 0 . 5 0

74.20 76.14 1.304

INDEX POINTS EXCHANGE IN US$

SUPPORT = 76.47, 76.14 (UPTR), 74.20, 71.30, 70.70. EU SUPPORT = 1.37, 1.331, 1.304, 1.29, 1.258.
RESISTANCE = 78.36, 80.50, 81.90, 83.56, 85.20. EU RESISTANCE = 1.416, 1.425, 1.453 (DWTR), 1.513, 1.525.
BOLL BANDS : HI = 78.09 MID = 77.28 LOW = 76.47 RSI = 36 BOLL BANDS : HI = 1.409 MID = 1.393 LOW = 1.378 RSI = 62

BRITISH POUND / US DOLLAR . JAPANESE YEN / US DOLLAR .

Faithfully adhering to the Bollinger band corridor, the BP has
pierced the 1.60 threshold to continue the getaway from a long
term downtrend escape. The upper Bollinger might temper pace
a little near term but 1.70 is in view now and only a backlash
across the mid band (1.589) would quell upside impetus.
The decline has gradually pressed towards the 79.75 long term
low. Presently still wary of trying that trough as ADX hasn’t yet
attained the 40’s and a decisive break would point on down to
74.6. Otherwise, to stir up a US rebellion will require vaulting 82,
whereupon at last some relief into the low 85’s could feature.

BRITISH POUND / US DOLLAR WEEKLY JAPANESE YEN / US DOLLAR WEEKLY

1.935

1.70

95

88.2

1.53

EXCHANGE IN US$ EXCHANGE IN J. YEN

BP SUPPORT = 1.60, 1.589, 1.565, 1.53, 1.48, 1.423. US SUPPORT = 80/79.75, 74.6.
BP RESISTANCE = 1.614, 1.646, 1.70, 1.722. US RESISTANCE = 81.33, 82, 85, 86.3, 88.2, 90 (DWTR), 95.
BOLL BANDS : HI = 1.614 MID = 1.589 LOW = 1.564 RSI = 64 BOLL BANDS : HI = 82.38 MID = 81.33 LOW = 80.29 RSI = 38

Every effort has been made to ensure accuracy but no guarantee can be offered by Technical Commentary/Mike Ellis against errors or omissions. This report is for informational
purposes only and no liability will be accepted for any trading based on the analysis and suggestions contained. Copyright © 1996-2010 Technical Commentary. All rights reserved

Charts by permission of : www.Futuresource.com

 CURRENCY LAB ©
©©

TechCom
Techcom7@Bellsouth.net FOR : NOV 03, 2010

AUSTRALIAN DOLLAR / US DOLLAR . CANADIAN DOLLAR / US DOLLAR .

The AD is chiseling away at the 1:1 divide and a clear break
would form a weekly flag pattern that would add its voice to the
sub 0.94 base in calling for further significant gains to 1.07/1.08.
Meantime eying the mid band for any corrective signals but it
would take a break of 0.965 to imply a deeper delve to 0.94.
Stumped by interim resistance at 1.038, the US has broken back
down through immediate supports to train the spotlight on the
0.993 trough again, its demise ending a year of ranging to
expand the underside towards 0.906. Even so, bland indicators
deter actually preempting a breakdown for the time being.

AUSTRALIAN DOLLAR / US DOLLAR WEEKLY CANADIAN DOLLAR / US DOLLAR WEEKLY

0.985

0.94
1.08

0.807

0.725
0.993

0.906
EXCHANGE IN US$ EXCHANGE IN CAN $

US SUPPORT = 0.986, 0.965, 0.94, 0.922, 0.877, 0.868 (UPTR). US SUPPORT = 0.993, 0.97, 0.945, 0.906.
US RESISTANCE = 1.00, 1.04, 1.073, 1.085. US RESISTANCE = 1.038, 1.068, 1.08, 1.112, 1.175.
BOLL BANDS : HI = 1.000 MID = 0.986 LOW = 0.971 RSI = 64 BOLL BANDS : HI = 1.032 MID = 1.017 LOW = 1.001 RSI = 37

EURO / JAPANESE YEN . EURO / BRITISH POUND .

Keeping dips in check, the EU still has its long term downtrend in
view at 114.6, though really need to punch into the 115’s to claim
a true breakout, where the low 120’s could be targeted. In the
meantime, the 111.5 recent trough looks increasingly relevant as
the trapdoor to a broader resumption of the overall decline.
A rattle of the shallow downtrend was undone to post an outside
week favoring the BP so the risk currently seems to be to the
downside to test the 0.853 base rim. While able to hold there
though, the EU will still look capable of making further sorties at
the downtrend seeking an eventual breakout into the 0.90’s.

EURO / JAPANESE YEN WEEKLY EURO / BRITISH POUND WEEKLY

0.888
152

127 0.853
114.6

105.4
EXCHANGE IN J. YEN EXCHANGE IN B. POUND

EU SUPPORT = 111.5, 109.6, 105.4. EU SUPPORT = 0.853, 0.84, 0.814, 0.807.

EU RESISTANCE = 114.6 (DWTR), 115, 120, 122.5, 127. EU RESISTANCE = 0.888 (DWTR), 0.915, 0.94, 0.98.
BOLL BANDS : HI = 114.9 MID = 113.3 LOW = 111.7 RSI = 54 BOLL BANDS : HI = 0.888 MID = 0.877 LOW = 0.865 RSI = 51

Every effort has been made to ensure accuracy but no guarantee can be offered by Technical Commentary/Mike Ellis against errors or omissions. This report is for informational
purposes only and no liability will be accepted for any trading based on the analysis and suggestions contained. Copyright © 1996-2010 Technical Commentary. All rights reserved

Charts by permission of : www.Futuresource.com