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This is what I see in the Forex the week of April 7th , 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are waiting. We have divergence for the reversal and at a significant top. Watch the reaction @ the 98.28 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 roughly the same as last week.

$EURUSD

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What I See in the Forex

GBPAUD Channel Opportunity AGAIN

Currently we are @1.8500 and in a flag pattern (same as yesterday). If we can break back into the channel, we are looking for a continuation to the 0.500 Fibo and ATR target of @ 1.18364. The average daily true range (ATR) for the pair currently is 202 pips.

 

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GBPAUD Channel Opportunity

Currently we are @1.8500 and in a flag pattern. If we can break back into the channel, we are looking for a continuation to the 0.500 fibo and ATR target of @ 1.18364. The average daily true range (ATR) for the pair currently is 225 pips.

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NZDJPY Opportunity

Bearish: Currently we are @75.30 in a range. We are looking for a continuation to the range bottom @ 74.75 and maybe the 0.786 Fibo @ 74.46 area. The average daily true range (ATR) for the pair currently is 65 pips.

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EURGBP Breakout Opportunity

Bearish: Currently we are @0.8571 in a range. We are looking for a continuation to the day chart bottom @ 0.8520. Overall the target is the 0.8484 area. The average daily true range (ATR) for the pair currently is 101 pips.

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This is what I see in the Forex the week of March 31st , 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are waiting. We have divergence for the reversal and at a significant top. Watch the reaction @ the 98.28 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 roughly the same as last week with the exception of the GBPUSD which is up 16 more pips.

$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 Range Opportunity

Waiting: Currently we are @1.3123 in a range and at the bottom of a channel. We are looking for a break down and a continuation to the 0.786 Fibo @ 1.3051. Overall the target is the double bottom @ 1.2960. The average daily true range (ATR) for the pair currently is 152 pips

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GBPJPY Range Opportunity

Bullish: Currently we are @146.11 in a range. We are looking for a continuation through the Slope resistance to 147.28 (ATR Target). IF we can break the resistance there, we are looking for the continuation to the range top in the 149.00 area. The average daily true range (ATR) for the pair currently is 176 pips.

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EURGBP Range Breakout Opportunity

Bearish: Currently we are @ 0.8527 in a range and attempting a breakdown of the Day Chart support. IF we can break the support here, we are looking for the continuation to the 1.270 Fibo @ 0.8384. The average daily true range (ATR) for the pair currently is 102 pips.

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EURAUD Channel Continuation Opportunity

Bearish: Currently we are @ 1.5935 in a range and a nice channel. IF we can break the 0.618 Fibo here, we are looking for the continuation to the square up @ 1.5874. The average daily true range (ATR) for the pair currently is 98 pips.

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