Blog

AUDJPY correction?

Bullish: Currently we are @ 0.7285. We are looking to finish the abc corrective move in the 81.30-81.50 area and then look for a continuation to the square up @ 0.7336 and then a small pullback before continuing a 5th wave to the 1.618 Fibo/R5 @ 83.41-50 area. The average daily true range (ATR) for the pair currently is 79 pips.

Image(s): 
Blog Post

Target Trading in the Forex week of September 23rd, 2018 EU UJ GU AU

Note: USDX is still bearish and still trying to extend the 3 wave. We are looking for the continuation to the 93.79 area and if we bounce hard here could put a 4th wave up. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$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

AUDUSD– continuation?

Bullish: Currently we are @ 0.7285. We are looking for a continuation to the square up @ 0.7336 and then a small pullback before continuing to the 0.786 Fibo @ 0.7388. The average daily true range (ATR) for the pair currently is 68 pips.

Image(s): 
Blog Post

EURNZD– reversal continuation?

Bearish: Currently we are @ 1.7699 after making the turn at the top and breaking support. We are looking for a continuation to the 0.382 Fibo @ 1.7597 and then the 0.500 Fibo @ 1.7533. The average daily true range (ATR) for the pair currently is 96 pips.

Image(s): 
Blog Post

USDJPY– one more to the top?

Bullish: Currently we are @ 112.22 trying to come out of a range in a range. We are looking for a continuation to the 0.214 Fibo @ 112.46 and then the range top @ 113.10. watch for a reversal there. The average daily true range (ATR) for the pair currently is 60 pips.

Image(s): 
Blog Post

EURNZD– wedge opportunity?

Bearish: Currently we are @ 1.7743 trying to come out of a wedge. IF we can break the 0.214 Fibo @ 1.7699, we are looking for a continuation to the 0.382 Fibo @ 1.7597 and then the square up @ 1.7476 this week. The average daily true range (ATR) for the pair currently is 98 pips.

Image(s): 
Blog Post

Pages