GBP/NZD-pushing to the range top

Bullish: Currently we are at 2.0819 in a range. We are looking to continue to the ATR target @ 2.0880 area and then the range top @ @ 2.0900 area. This requires that the USDX continue up so Watch the USDX for direction. The average daily true range (ATR) for the pair is 106 pips per day and it’s 90 day average is 117 pips per day. USDX is currently up.

Read More
Comments

GBP/USD-Breakout opportunity

Bullish: Currently we are at 1.2782 in a triangle in a range. We are looking to continue to the ATR target@ 1.2831 area with an outside target at the 1.618 Fibo @ 1.2835 area. This requires that the USDX start ...

Read More
Comments

GBP/NZD-Channel opportunity

Note: Jolts today

Bearish: Currently we are at 2.0679 in a channel. We are looking to continue to the 1.270 Fibo @ 2.0615-00 area with an outside target at the 1.618 Fibo @ 2.0552 area. We have convergence in play ...

Read More
Comments

EUR/NZD-Channel opportunity

Bearish: Currently we are at 1.7694 in a channel. We are looking to continue to the ATR target @ 1.7631 area with an outside target at the 1.000 Fibo @ 1.7593 area. We have convergence in play for the short. ...

Read More
Comments

EUR/AUD-Breakout opportunity

Bearish: Currently we are at 1.6316 in a channel in a range. We are looking to continue to the ATR target @ 1.6266 area with an outside target at the 1.000 Fibo @ 1.6233 area. We have convergence in play ...

Read More
Comments

USD/JPY-Making the turn down

Bearish: Currently we are at 156.64 in a range. We are looking to continue to the ATR target @ 155.70. WE have divergence in play for the short. Watch the USDX for direction. The average daily true range (ATR) for ...

Read More
Comments

USD/JPY-Bullish to Bearish

Bullish to Bearish: Currently we are at 156.37 in a channel. We are looking to continue here and continue to the ATR target @ 157.58. That puts us in intervention territory so watch for a reversal. Watch the USDX for ...

Read More
Comments

GBP/USD-Range top reversal

Note: Unemployment claims was neutral today

Bearish: Currently we are at 1.2695 after hitting the Range Top. We are looking to reverse here ( it may need one more push to the top) and continue to the ATR target @ ...

Read More
Comments

EUR/JPY-hard bounce should produce

Note: Unemployment claims was neutral today

Bullish: Currently we are at 168.54 after a hard bounce on the channel. We are looking to continue to the ATR target @ 169.36 and then the 1.000 Fibo @ 170.00. Watch the USDX ...

Read More
Comments

EUR/JPY-Still moving up

Bullish: Currently we are at 168.92 in a channel. We are looking to continue to the R6 @ 170.15 and then the ATR target @ 170.55. Watch the USDX for direction. The average daily true range (ATR) for the pair ...

Read More
Comments

GBP/JPY-one more move to the top

Bullish: Currently we are at 195.60 in a channel. We are looking to continue to the 1.270 Fibo @ 196.28 and then the ATR target @ 197.30. Watch the USDX for direction. The average daily true range (ATR) for the ...

Read More
Comments

EUR/JPY-continues working the channel

Note: Unemployment claims was negative today

Bullish: Currently we are at 167.48 in a channel and a possible 5th wave. We are looking to continue to the ATR target @ 168.78. Watch the USDX for direction. The average daily true ...

Read More
Comments