UK Pound Sterling

[setravis]

UK Pound Sterling...
The pound found support at $1.54. Respect of this level would confirm the advance, with a target of $1.66*. Twiggs Momentum (63-day) respect of the zero line (from above) suggests a primary advance.
Target calculation: 1.54 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound is testing support at $1.54; respect would confirm the advance to $1.66*. Twiggs Momentum (63-day) respecting the zero line from above suggests continuation of the up-trend.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound found solid support at $1.54; respect would confirm the advance to $1.66*. Twiggs Momentum (63-day) holding above the zero line indicates an up-trend.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound respected support at $1.54, indicating an advance to $1.66*; breakout above $1.60 would confirm. Twiggs Momentum (63-day) holding above the zero line strengthens the bull signal.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...
The pound is headed for a test of $1.60, breakout would confirm the advance to $1.66*. Twiggs Momentum (63-day) respecting the zero line indicates a strong up-trend.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...
The pound is headed for a test of $1.60; breakout would confirm an advance to $1.66*. Twiggs Momentum (63-day) respecting the zero line indicates a strong up-trend.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound is testing resistance at $1.60. Breakout would confirm an advance to $1.66*. Twiggs Momentum (21-day) respect of the zero line indicates a strong up-trend; reversal below the rising trendline is unlikely, but would warn of a correction.

* Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

A pound sterling breakout below its rising trendline would warn of a correction. Bearish divergence on Twiggs Momentum (21-day) already indicates that a correction is likely; reversal below zero would strengthen the signal. Recovery above $1.60 is unlikely at present, but would indicate an advance to $1.66*.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound sterling broke resistance at $1.60, offering a target of $1.66*. Bearish divergence on Twiggs Momentum (21-day) indicates weakness, but penetration of the declining trendline supports the breakout; recovery above 4% would confirm the advance.

* Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound sterling is testing the new support level at $1.60. Respect would signal an advance to $1.66*. Twiggs Momentum (21-day) respect of its rising trendline favors continuation of the up-trend.

* Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...
The pound rallied off support at $1.53, but large bearish divergence on Twiggs Momentum (21-day) continues to warn of reversal to a primary down-trend. Failure of primary support at $1.53 would complete a large head and shoulders pattern and confirm the signal. Recovery above $1.60 remains unlikely, but would indicate an advance to $1.66*.

Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound also rallied, testing medium-term resistance at $1.60, but large bearish divergence on Twiggs Momentum (21-day) continues to warn of reversal to a primary down-trend. Failure of primary support at $1.53 would complete a large head and shoulders pattern and confirm the signal. Recovery above $1.60, however, would indicate an advance to $1.66*.

* Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound is testing medium-term resistance at $1.60, but large bearish divergence on Twiggs Momentum (21-day) continues to warn of reversal to a primary down-trend. Failure of primary support at $1.53 would complete a large head and shoulders pattern and confirm the signal.


Twiggs Money Flow (21-day), however, is rising steeply on FXB (fxb_us). Breakout above $1.60 would indicate an advance to $1.66*.

* Target calculation: 1.60 + ( 1.60 - 1.54 ) = 1.66

[setravis]

UK Pound Sterling...

The pound is testing medium-term resistance at $1.62. Rising Twiggs Money Flow signals buying pressure. Breakout above $1.62 would test the 2009 high of $1.70*. Failure of primary support at $1.53 is now unlikely.

Target calculation: 1.62 + ( 1.62 - 1.53 ) = 1.71

[setravis]

UK Pound Sterling...

The pound is headed for another test of resistance at $1.62. Rising Twiggs Money Flow signals buying pressure. Breakout above $1.62 would test the 2009 high of $1.70*. Failure of primary support at $1.53 is now unlikely.

* Target calculation: 1.62 + ( 1.62 - 1.53 ) = 1.71