Blog

This is what I see in the Forex the week of July 5th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: MACD not yet clear? A couple of different scenarios:  1:  Bullish: a bounce here look for a move back to the range top @ 98.718. 2: Bearish:  A continuation here would most likely target the support in place. The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are significantly lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

Image(s): 
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

GBPUSD one more move?

Bullish: Currently we are @ 1.2525.  After NFP, we are looking for one more move to the upside.  We have the start of divergence on the hourlies.  Target is the ATR target @ 1.2611 area. The average daily true range (ATR) for the pair currently is 129 pips.

Image(s): 
Blog Post

GBPUSD which way

Waiting: Currently we are @ 1.2388.  Two scenarios: Bullish:  a move to the ATR target @ 1.2523 area and top if we are going to range.  2: Bearish: A break down here should target the ATR target @ 1.2260. The average daily true range (ATR) for the pair currently is 129 pips.

Image(s): 
Blog Post

GBPNZD continuation

Bearish: Currently we are @ 1.9164.  We have convergence. We are looking to continue to the Day chart support @ 1.9060 and then the ATR target @ 1.8975 area - expect a reaction there. The average true range (ATR) for the pair currently is 178 pips per day.

Image(s): 
Blog Post

GBPUSD 5th wave completion

Bearish: Currently we are @ 1.2304 in a 5th wave.  We have Divergence starting to signal the end of the wave. We are looking to continue to the ATR target @ 1.2214 area - expect a reaction there. The average true range (ATR) for the pair currently is 129 pips per day.

Image(s): 
Blog Post

This is what I see in the Forex the week of June 28th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: We have continued dollar strength. We do have divergence so unless the MACD roll over up we should see dollar weakness in the coming week. The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are significantly lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

Image(s): 
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

EURJPY channel continuation

Bearish: Currently we are @ 120.25 in a channel in a range.  We have Convergence to support the downside move on the 60-minute chart. We are looking to continue to the ATR target @ 119.20 area and then later a continuation to the 0.214 Fibo @ 118.62 We expect a reaction there. The average true range (ATR) for the pair currently is 128 pips per day.

Image(s): 
Blog Post

USDJPY range opportunity

Bullish: Currently we are @ 106.68 in a range.  We have Divergence to support the upside move on the 60-minute chart. We are looking to continue to the ATR target @ 107.16 area and then later a continuation to the range top @ 109.50. We expect a reaction there. The average true range (ATR) for the pair currently is 71 pips per day.

Image(s): 
Blog Post

Pages