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GBPNZD Flag trade?

Bearish: Currently we are @ 1.8776 in a Range and just out of a flag pattern. We are looking for a continuation initially to the ATR Target @ 1.8699 and then the 0.500 Fibo @ 1.8618. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 179 pips and its 180-day ATR is 168 pips a day.

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GBPCHF Bounce trade?

Bearish: Currently we are @ 1.1833 in a channel. We are looking for a continuation initially to the ATR Target @ 1.1789 and then the 1.270 Fibo/day chart bottom @ 1.1701. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 103 pips and its 180-day ATR is 99 pips a day.

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AUDCHF Bounce trade?

Currently we are @ 0.6625 in a range and after bouncing hard on the day chart bottom. We are looking for a continuation initially to the 0.382 Fibo @ 0.6648 and then the 0.500 Fibo @ 0.6761. Watch for the stall there. The average daily true range (ATR) for the pair currently is 51 pips but its 180-day ATR is 56 pips a day.

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USDCAD Reversal trade?

Bearish: Currently we are @ 1.3219 in a range and after printing a head and shoulders reversal pattern. We are looking for a continuation initially to the 0.500 Fibo @ 1.3142 and then the bottom of the range @ 1.3000. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 57 pips but its 180-day ATR is 71 pips a day.

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This is what I see in the Forex the week of August 4th, 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 quick bounce to set a top for a channel to the downside. We have convergence for this continuation of the 60 minute MACD (inset). Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are higher than last week.

$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

AUDJPY Range trade?

Bearish: Currently we are @ 74.40 in a range. We are looking for a continuation to the ATR Target @ 74.06 and then the bottom of the range. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 42 pips but its 180-day ATR is 68 pips a day.

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AUDUSD continuation opportunity?

Bearish: Currently we are @ 0.6883 in a range. We are looking for a continuation to the ATR Target @ 0.6862 and then the bottom of the range. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 41 pips but its 180-day ATR is 53 pips a day.

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EURAUD continuation opportunity?

Currently we are @ 1.6111 in a flag pattern that is bullish. We are looking for a continuation to the ATR Target @ 1.6181. The overall target is 1.6289. The average daily true range (ATR) for the pair currently is 81 pips but its 180-day ATR is 104 pips a day.

 

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This is what I see in the Forex the week of July 28th, 2019: USDX, EU,UJ,GU,AU

Note: USDX: We are Bullish to Bearish based on the current chart which may be totally opposite when the Market opens on Monday due to after hours trading. Bullish: a continuation to the range top @ 99.00, look for a reversal there fulfilling the divergence scenario on the 60 min chart (inset). Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are about the same as last week.

$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

GBPUSD Wedge opportunity?

Currently we are @ 1.2479 in a wedge. We are looking for a continuation to the ATR Target @ 1.2405. The overall target is 1.2382. The average daily true range (ATR) for the pair currently is 81 pips but its 180-day ATR is 101 pips a day.

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