USDX: Waiting but Bullish: We are anticipating the continuation of dollar strength. We have convergence on the 60 min chart (see inset) which is bullish but the last time we broke the zero line we immediately crashed so we are waiting. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!
Currently we are at 142.49 after the breakout. We are looking to continue to the ATR Target @ 142.40 and then possibly the 0.382 Fibo @ 142.00. Watch for a bounce at the ATR target. The average daily true range (ATR) for the pair currently is 97 pips. WATCH THE USDX for more clues.
Waiting: Currently we are at 143.14 out of a Symmetrical triangle. We are waiting for the breakout. Two scenarios: Bullish: a move to the ATR Target @ 121.14 area then to the resistance @ 121.50 2: Bearish: A break down here to the ATR Target @ 120.07 and then the 0.382 Fibo @ 119.81 The average daily true range (ATR) for the pair currently is 53 pips. WATCH THE USDX for more clues.
Bullish: Currently we are at 143.14 out of a Symmetrical triangle. We are looking for the continuation UP to the ATR target @ 143.80 and then the Day Resistance @ 143.86. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 95 pips. WATCH THE USDX for more clues.
Bullish: Currently we are at 2.0077 in a Symmetrical triangle. IF we can break out we are looking for the continuation UP to the ATR target @ 2.0181 and then the range top this week @ 2.0330. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 161 pips and its weekly ATR is 400 pips. WATCH THE USDX for more clues.
USDX: Bullish: We are anticipating the continuation of dollar strength due to Non-farm Payroll numbers. We have convergence on the 60 min chart (see inset) which is bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!
Bullish: Currently we are at 142.92 in a channel. We are looking for the continuation UP to the ATR target @ 143.62 and then the day top # 143.86. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 102 pips. WATCH THE USDX for more clues.
Bullish: Currently we are at 120.52 in a channel. We are looking for the continuation UP to the ATR target @ 120.92. Watch for the possibility of a continuation to the resistance @ 121.50. The average daily true range (ATR) for the pair currently is 56 pips. WATCH THE USDX for more clues.
This is what I see in the Forex the week of December 15th, 2019: USDX, EU,UJ,GU,AU
USDX: Waiting but Bullish: We are anticipating the continuation of dollar strength. We have convergence on the 60 min chart (see inset) which is bullish but the last time we broke the zero line we immediately crashed so we are waiting. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!
$EURUSD