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This is what I see in the Forex the week of December 8th, 2019: USDX, EU,UJ,GU,AU

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!!!!

$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

GBPJPY: channel continuation?

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.

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EURJPY: channel continuation?

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.

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GBPNZD: pullback?

Bullish to Bearish: Currently we are at 1.9956 in a rang. We are looking for the continuation UP to the channel wall before a reversal there @ 2.0079. Watch for the possibility of a continuation to the range top or the break down there. The average daily true range (ATR) for the pair currently is 170 pips. WATCH THE USDX for more clues.

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GBPJPY: Flag Breakout?

Bearish: Currently we are at 141.64 in a range and in a bullish flag pattern. We are looking for the breakout to the 1.270 Fibo @ 142.58. Watch for the continuation to the day chart top @ 143.79. The average daily true range (ATR) for the pair currently is 94 pips with a 180-day ATR of 114 Pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of December 1st, 2019: USDX, EU,UJ,GU,AU

USDX: Bearish: We are anticipating the breakout of the up channel and we have a long way to the bottom. We have convergence on the 60 min chart (see inset) which is bearish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week-should rise now that the USA holiday is over. 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

AUDJPY: Triangle Breakout?

Bearish: Currently we are at 73.90 in a range and in a triangle. We are looking for the breakout short to the ATR target @ 73.24. Watch for the bounce on the range bottom @ 73.34. The average daily true range (ATR) for the pair currently is 62 pips with a 180-day ATR of 63 Pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of November 24th, 2019: USDX, EU,UJ,GU,AU

Note: short Week – Thanksgiving holiday in the USA

USDX: Bullish: We are anticipating the continuation of the up move and we have a long way to the top. 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 roughly the same as last week.

$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

EURPY: Breakout?

Bullish: Currently we are at 120.37in a range and in a channel. A continuation here would target the ATR target @ 121.93 and then the range top @ 121.50 area. Watch for the Sell off there and the resumption back down. The average daily true range (ATR) for the pair currently is 60 pips with a 180-day ATR of 72 Pips. WATCH THE USDX for more clues.

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