Blog

EURAUD channel

Bearish:  We are currently @ 1.5448 in a channel.  We have convergence in play for the down move and USDX has finally turned south. IF we can break this support, we are looking for a move to the ATR Target @ 1.5357 area. Watch the USDX for any change in direction. The ATR for the pair currently is 132 pips per day. 

Image(s): 
Blog Post

GBPCHF continuation

Bullish:  We are currently @ 1.2936 in a channel.  We have convergence in play for the up move and USDX is on the rise. We are looking for a move to the ATR Target @ 1.3013 area. Watch the USDX for any change in direction. The ATR for the pair currently is 117 pips per day. 

Image(s): 
Blog Post

This is what I see in the Forex the week of February 28th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: We are out of the range a 3rd wave. We have convergence in play for the continuation.  We should have a short pullback (4th wave) for a resumption to the 1.618 Fibo. ATR’s overall are significantly higher than last week and will change again on Sunday – use as a reference. 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

AUDUSD wedge opportunity

Bearish:  We are currently @ 0.7794 in a wedge in a channel.  We have convergence in play for the down move and USDX is trying to rise. If we can break the support here, we are are looking for a move to the ATR Target @ 0.7694 area which is also a significant support. Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day. 

Image(s): 
Blog Post

NZDJPY channel opportunity

Bearish:  We are currently @ 77.60 in a newly formed channel.  We have convergence in play for the down move and USDX is trying to rise. We are are looking for a move to the ATR Target @ 76.97 area and a possible continuation to the 0.500 Fibo @ 76.70. Watch the USDX for any change in direction. The ATR for the pair currently is 85 pips per day. 

Image(s): 
Blog Post

AUDUSD channel opportunity

Bullish:  We are currently @ 0.7795 in a newly formed channel.  We have convergence in play for the up move and USDX is trying to fall. We are are looking for a move to the ATR Target @ 0.7850 area. Watch the USDX for any change in direction. The ATR for the pair currently is 75 pips per day. 

Image(s): 
Blog Post

GBPJPY 3rd channel opportunity

Bearish:  We are currently @ 148.47 in a newly formed channel.  We have convergence in play for the down move. IF we can break the support here we are are looking for a move to the ATR Target @ 147.44 area. Watch for the bounce in that area.  Watch the USDX for any change in direction. The ATR for the pair currently is 111 pips per day. 

Image(s): 
Blog Post

This is what I see in the Forex the week of February 28th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: We are out of the channel inside a large range. We have the possible start of convergence in play for the down move.  We should have a short pullback for a resumption to the range top. USDX has been oscillating up and down in the smaller range so bear that is mind. ATR’s overall are slightly higher than last week and will change again on Sunday – use as a reference. 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

GBPNZD 3rd wave opportunity

Bearish:  We are currently @ 1.8993 in a 3rd wave.  We have convergence in play for the down move. We are looking for a move to the ATR Target @ 1.8857 area. Watch for the bounce in that area.  Watch the USDX for any change in direction. The ATR for the pair currently is 134 pips per day. 

Image(s): 
Blog Post

Pages