Note: ADP and Jolts today

Bearish: Forex Strategies: Currently we are at 161.90 in a rising wedge (bearish). IF we can break the wedge, we are looking for a continuation to the ATR Target @ 161.08. There is a 0.618 Fibo further @ 161.04. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 89 pips per day and it’s 90 day average is 109 pips per day. My Forex Analysis says USDX is currently down

Note: Jolts is today

Bearish: Forex Strategies: Currently we are at 178.71 out of the triangle. We are looking for a continuation to the ATR Target @ 177.93. There is a 1.270 Fibo further @ 177.87. We should see a ...

Note: Pending home sales is today

Bearish: Forex Strategies: Currently we are at 2.0745 out of the channel. We are looking for a continuation to the ATR Target @ 2.0680. There is a 0.382 Fibo further @ 2.0646. We should ...

Note: Pending home sales is today

Bullish: Forex Strategies: Currently we are at 2.0775 in a channel and 5th wave. We are looking for a continuation to the ATR Target @ 2.0830. There is a 1.618 Fibo slightly further @ ...

Note: CB Consumer confidence is today

Bearish: Forex Strategies: Currently we are at 159.46 in the top of a range. We are looking for a short pullback and then to the ATR Target @ 158.60. There is a bottom slightly ...

Bearish: Forex Strategies: Currently we are at 201.97 in the top of a range. We are looking for this to be the top and if we continue through here we will target the ATR Target @ 200.84 There is a ...

Bearish: Forex Strategies: Currently we are at 200.94 in the top of a range. WE have a possible rising wedge and if we continue through here we will target the ATR Target @ 199.50/ If this is a channel then ...

Bullish to bearish: Forex Strategies: Currently we are at 157.91 in the top of a range. We are looking for a triple top and the reverse to the 1.000 Fibo @ 157.47 area and then the ATR target @ 156.60 ...

Bullish: Forex Strategies: Currently we are at 1.2686 in a range. We are looking to continue a C wave to the ATR target @ 1.2743 area and then the 1.000 Fibo @ @ 1.2760 area. We should see a reaction ...

Bullish to Bearish: Forex Strategies: Currently we are at 200.02 in a range. The pair appears to be in an ABC corrective pattern. We are looking to continue a C wave to the ATR target @ 200.52 area and then ...

Note: Unemployment claims was negative today

Bearish: Currently we are at 1.9201 in a channel in a range. We are looking to continue a third wave to the ATR target @ 1.9100 area and then the S5 @ @ 1.8976 ...

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 ...