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EURAUD Range Continuation

Bearish: Currently we are @ 1.5924 in a big range and at the slope support. IF we can break the support, we are looking for a continuation initially to the range bottom @ 1.5800 and then a move to the 1.270 Fibo @ 1.5757. The average daily true range (ATR) for the pair currently is 156 pips.

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NZDAUD Rising wedge breakout /continuation

Bearish: Currently we are @ 0.6721 in a big range and reacting at the support. IF we can break the support, we are looking for a continuation initially to the 0.618 Fibo @0.6659 and then a move to the 0.786 Fibo @ 0.6575. The average daily true range (ATR) for the pair currently is 62 pips

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This is what I see in the Forex the week of January 13th, 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are currently bullish due to breakout of the former channel down. Watch the reaction @ the 97.435 area for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower except for GBPUSD which is higher.

$EURUSD

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What I See in the Forex
What I See in the Forex
What I See in the Forex

GBPAUDF breakout opportunity

Bullish: Currently we are @ 1.5012 trying to break out of a big range and reacting at the resistance. IF we can break the resistance, we are looking for a continuation initially to the 1.8100 and then a move to the 1.618 Fibo @ 1.8176. The average daily true range (ATR) for the pair currently is 175 pips.

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AUDCHF breakout opportunity

Bearish: Currently we are @ 0.7098 in a big range and reacting at the resistance. IF we can break the current slope support, we are looking for a continuation initially to the 0.500 Fibo @ 0.7017 and then a move to the Day chart bottom @ 0.6881. The average daily true range (ATR) for the pair currently is 90 pips.

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GBPJPY breakout opportunity

Bearish: Currently we are @ 139.32 in a big range and breaking out of a wedge pattern. IF we can break the current support, we are looking for a continuation initially to the 0.382 Fibo @ 138.23 and then a big move to the Day chart bottom @ 135.86. The average daily true range (ATR) for the pair currently is 182 pips.

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EURNZD channel opportunity

Bearish: Currently we are @ 1.6811 in a big range and channel. If we can break the current support, we are looking for a continuation initially to the 0.618 Fibo @ 1.6741 and then a big move to the 2.270 Fibo @ 1.6533. The average daily true range (ATR) for the pair currently is 149 pips.

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EURNZD channel opportunity

Bearish: Currently we are @ 1.6811 in a big range and channel. If we can break the current support, we are looking for a continuation initially to the 0.618 Fibo @ 1.6741 and then a big move to the 2.270 Fibo @ 1.6533. The average daily true range (ATR) for the pair currently is 149 pips.

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This is what I see in the Forex the week of January 13th, 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are currently bullish due to convergence on the 60 min chart. Watch the reaction @ the 96.710 area for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are higher.

$EURUSD

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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

NZDJPY channel opportunity

Bullish: Currently we are @ 73.43 in a big range and channel. We are looking for a continuation initially to the 0.786 Fibo @ 73.81 and then a big move to the top @ 75.00. The average daily true range (ATR) for the pair currently is 98 pips.

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