Blog

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

USDX: Bullish: We are anticipating the continuation of dollar strength. 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 much higher than last week. 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

Trade of the week Result

Average pip capture was +79 pips

 

Video

 

GBPAUD: continuation?

Bearish: Currently we are at 1.8999 after the channel wall reaction. We are looking to continue to the ATR Target @ 1.8913. The average daily true range (ATR) for the pair currently is 190 pips. WATCH THE USDX for more clues.

Image(s): 
Blog Post

EURNZD: continuation?

Bearish: Currently we are at 1.6916 after the Trend wall reaction. We are looking to continue to the ATR Target @ 1.6872 and then possibly the Day support @ 1.6841. The average daily true range (ATR) for the pair currently is 109 pips. WATCH THE USDX for more clues.

Image(s): 
Blog Post

Trade of the week

Trade of the week 12/17/2019

 

Video

 

Click graphic to expand and esc to come back

NZDJPY: channel Breakout?

Bearish: Currently we are at 71.96 after the breakout. We are looking to continue to the ATR Target @ 71.76 and then possibly the 0.382 Fibo @ 71.52. The average daily true range (ATR) for the pair currently is 53 pips. WATCH THE USDX for more clues.

Image(s): 
Blog Post

EURJPY: channel continuation?

Currently we are at 121.96 after the pullback. We are looking to continue to the resistance @ 122.68 and then possibly the Day chart top @ 123.59. Watch for the reversal there. The average daily true range (ATR) for the pair currently is 55 pips. WATCH THE USDX for more clues.

 

Image(s): 
Blog Post

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

USDX: Waiting but Bullish: We are anticipating the continuation of dollar strength. We have convergence on the 60 min chart (see inset) which is bullish but the last time we broke the zero line we immediately crashed so we are waiting. 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

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

Trade of the week Result

153 pips trade aveage trader got 92 pips - went to the pip!

Click on graphic and then esc to come back!

GBPJPY: Slope support break?

Currently we are at 142.49 after the breakout. We are looking to continue to the ATR Target @ 142.40 and then possibly the 0.382 Fibo @ 142.00. Watch for a bounce at the ATR target. The average daily true range (ATR) for the pair currently is 97 pips. WATCH THE USDX for more clues.

Image(s): 
Blog Post

Pages