EURNZD decision time

Waiting: Currently we are @ 1.7674 in a range. Two scenarios: Bullish: a bounce here look to the 0.500 Fibo @ 1.7802 2: Bearish: A break down here look for the ATR target @ 1.7516. The average daily true range (ATR) for the pair currently is 173 pips.

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EURJPY reversal

Bearish: Currently we are @ 119.67 out of a rising wedge at the top of the 5th wave. We are looking for a move down to the ATR Target @ 118.84 and then down to the trend wall. Watch for ...

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GBPCHF channel

Bullish: Currently we are @ 1.1907 in a channel in a range. We are looking for an move to the ATR Target @ 1.1976. Watch for a reaction at that level. The average daily true range (ATR) for the pair ...

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GBPJPY reversal

Bearish: Currently we are @ 132.37 after a reversal at the top of a range. We are looking for an initial move to the ATR Target @ 131.27 and then a continuation to the support @ 130.80. The average daily ...

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EURJPY 2 routes

Waiting: Currently we are @ 117.87 in a possible 5th wave but also at the top of a range. Two scenarios: Bullish: a move to the R5 to complete the wave @ 119.10 area 2: Bearish: A break down here ...

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GBPAUD continuation

Bearish: Currently we are @ 1.8567 in a 5th wave. We are looking for an initial move to the ATR Target @ 1.8398 and then a continuation to the Day chart bottom @ 1.8337. The average daily true range (ATR) ...

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GBPJPY

Waiting: Currently we are @ 131.95. Two scenarios: Bullish: a move to the range top @ 133.19 area). This means the current structure is a bull flag – watch for the MACD to turn up 2: Bearish: A break down ...

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GBPJPY channel

Bullish to Bearish: Currently we are @ 131.90 in a channel. We are looking for a continuation to the ATR target @ 132.43 and then to the range top @ 131.35. Watch for the selloff there. The average daily true ...

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USDCHF channel opportunity?

Bearish: Currently we are @ 0.9707 in the initial start of a channel. We are looking for a continuation to the ATR target @ 0.9663 and then to the support @ 0.9600. The average daily true range (ATR) for the ...

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EURAUD continuation

Bullish to Bearish: Currently we are @ 1.6812 in a channel. We are looking for a continuation to the ATR target @ 1.6855 and then reverse. We have divergence in play so this should be the last move up. The ...

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GBPAUD continuation

Bearish: Currently we are @ 1.8908 in a trend. We are looking for a continuation to the ATR target @ 1.8759 and then continue to the S6 of the Trend @ 1.8713 area. We anticipate that will complete the trend ...

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GBPCHF continuation

BEARISH: Currently we are at 1.2044 in a channel in a range. We are looking to continue to the ATR target @ 1.1948. The Average Daily True Range (ATR) for the pair currently is 71 pips. WATCH THE USDX for ...

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