GBPUSD poised to continue the channel

Bearish: We are currently @ 1.3114 in a channel after an a-b-c correction. We are looking for an initial move to the ATR target @ 1.3003 area and then the S5 @ 1.2923. Watch the USDX for any change in direction. The ATR for the pair currently is 97 pips per day and its 180 day average is 89 pips per day. USDX is currently up at the time of this post.

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#GBPUSD

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EURGBP breaks out in a reversal

Bearish: We are currently @ 0.8457 after topping out and then breaking out. We are looking for an initial move to the ATR target @ 0.8406 area and then the 0.500 Fibo @ 0.8381. Watch the USDX for any change ...

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#GBPJPY continues the new channel -

Bearish: We are currently @ 161.48 in a channel and possibly a trend. We are looking for an initial move to the ATR target @ 160.32 area and then the support @ 159.87. Watch the USDX for any change in ...

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AUDUSD Rising wedge reversal

Bearish: We are currently @ 0.7519 in a rising wedge at the top of a day chart trend. We are looking for an initial move to the ATR target @ 0.7435 area and then the 0.382 Fibo @ 0.7391. Watch ...

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GBPCHF Flag Pattern Says Down

Bearish: We are currently @ 1.2287 in a range and a flag pattern that is bearish. We are looking for an initial move to the ATR target @ 1.2190 area and then the 1.2150. Watch the USDX for any change ...

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NZDUSD poised to start down

Bearish: We are currently @ 0.6952 in a channel but with 5 waves completed. We are looking for an initial move to the ATR target @ 0.6891 area and then the 0.382 Fibo @ 0.6880. Watch the USDX for any ...

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USDCHF trying to continue the channel

Bearish: We are currently @ 0.9323 in a channel. We are looking for an initial move to the ATR target @ 0.9273 area and then the 0.382 Fibo @ 0.9254. Watch the USDX for any change in direction. The ATR ...

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AUDUSD establishing a new channel

Bearish: We are currently @ 0.7394 in a new channel. We are looking for an initial move to the ATR target @ 0.7318 area and then the 0.500 Fibo @ 0.7295. Watch the USDX for any change in direction. The ...

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EURUSD continues the channel

Bullish: We are currently @ 1.1051 in a channel. We are looking for an initial move to the Day chart top@ 1.1151 area and then ATR target@1.1161. Watch the USDX for any change in direction. The ATR for the pair ...

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GBPUSD Cup and Handle in play

Bullish: USDX is currently trying to go down at the time of this post. We are currently @ 1.3090 in a channel. We also have a possible cup and handle pattern which is bullish. We are looking for an initial ...

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EURNZD Channel Breakout headed down

Bearish: USDX is currently trying to go down at the time of this post. We are currently @ 1.6221 after a break of the channel. We are looking for an initial move to the ATR target@ 1.6016 area and then ...

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GBPJPY out of an Expanding wedge heading north

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