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EURAUD – channel continuation?

Bearish: Currently we are @1.6157 in a Big Range. We are looking to continue the channel to the ATR target @ 1.6129 and then to the square up @ 1.6040. The 14-day ATR (Average True Range) is 98 Pips with a 180-day ATR of 101 Pips.

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GBPJPY – channel continuation?

Bearish: Currently we are @133.07 in a Big Range. We are looking to continue the channel to the ATR target @ 132.58 and then to the square up @ 131.50. The 14-day ATR (Average True Range) is 126 Pips with a 180-day ATR of 120 Pips.

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GBPCHF – 1 more to the top?

Bullish to Bearish: Currently we are @1.2333 in a Big Range. We are looking to make one more run to the top. First to the ATR target @ 1.2421 and then to the range top @ 1.2478. The 14-day ATR (Average True Range) is 105 Pips with a 180-day ATR of 99 Pips.

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GBPJPY – channel continuation?

Bearish: Currently we are @133.59 in a channel in a Big Range. We are looking to continue here first to the ATR target @ 133.04 and then to the 0.786 Fibo target @ 131.87. We have convergence for the move and the 14-day ATR (Average True Range) is 136 Pips with a 180 day ATR of 121 Pips.

 

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This is what I see in the Forex the week of September 22nd, 2019: USDX, EU,UJ,GU,AU

USDX: We are waiting based on the current chart since at this point it is inconclusive. The chart may be totally opposite when the Market opens on Monday due to after-hours trading. We have possible convergence (early) for a continuation on the 60-minute MACD (inset) for the down move and at the bottom of the channel. We continue to make lower highs, so bias is to the downside. Currencies below are very difficult to forecast this week. Be aware that this could change in a heartbeat and will affect the currencies below.

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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

EURUSD – Triangle breakout?

Bullish: Currently we are @1.1065 just out of a triangle in a Big Range. IF, we can continue here we are looking to go first to the 0.618 Fibo @ 1.1112 and then to the ATR target @ 1.113. We have convergence for the move and the 14 day ATR is 69 Pips with a 180 day ATR of 57 Pips

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USDJPY after FOMC?

Waiting: Currently we are 108.19 in a channel in a Big Range. Two scenarios: 1: Bullish: a move to the ATR target @ 108.60 and possible stronger move to the 109.00 area. 2: Bearish: A break down here to the ATR target of 107.67 and most likely to the 0.214 Fibo @ 107.52 area. The average daily true range (ATR) for the pair currently is 48 pips but its 180 day ATR is 58 pips.

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EURGBP channel?

Bearish: Currently we are @ 0.8866 in a channel in a Big Range. IF we can break support here, are looking for a continuation initially to the 1.618 Fibo target @ 0.8762 and then the Day chart bottom @ 0.8725. The average daily true range (ATR) for the pair currently is 71 pips and its 180-day ATR is 63 pips a day.

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This is what I see in the Forex the week of September 15th, 2019: USDX, EU,UJ,GU,AU

Note: USDX: We are bearish based on the current chart which may be totally opposite when the Market opens on Monday due to after-hours trading. We are looking for a reaction at this channel bottom for a move to the downside. We have convergence (early) for a continuation on the 60-minute MACD (inset) for the down move and at the bottom of the channel. Below is based on the down move. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week with the exception of the USDJPY.

$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 reversal completion?

Bearish: Currently we are @ 132.57 in a Big Range. After the double top, We are looking for a continuation initially to the ATR target @ 131.70 and then the square up @ 131.42. The average daily true range (ATR) for the pair currently is 133 pips and its 180-day ATR is 121 pips a day.

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