GBP/NZD – New channel in play

Note: US unemployment claims was negative today

Bearish: Forex Strategies: Currently we are at 2.1382 in a big range. IF we can break the support, we are looking for a continuation to the ATR Target @ 2.1248. There is a significant support @ 2.1297 - watch that area. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 126 pips per day and it’s 90 day average is 112 pips per day. My Forex Analysis says USDX is currently trying to go down.

Posted to Introduction to Forex Targe… on Jul 18, 2024 — 8:07 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

         
I feel I picked the right trading company.
         
See All Reviews →