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This is what I see in the Forex the week of September 6th, 2020: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: MACD has convergence for a MOVE DOWN on the 60-minute chart.  We may have finished a 4th wave to start a 5th wave down. We could also just bounce up and stay in the current range. The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!

$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

GBPNZD continuation

Bearish: We are currently @1.9716 in a flag pattern which is a continuation pattern. We are looking for a continuation to the ATR target @ 1.9560 IF we break the flag.  Watch the USDX for direction. The ATR for the pair currently is 166 pips per day. 

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EURJPY range opportunity

Bearish: We are currently @125.95 after the rising wedge breakout. We are looking for a continuation to the ATR target @ 125.27 and then later to the range bottom @ 124.31.  Watch the USDX for direction. The ATR for the pair currently is 97 pips per day. 

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EURAUD reversing

Bullish: We are currently @1.6217 in a possible reversal. We are looking for a continuation to the ATR target @ 1.6277 and then later to the 0.618 Fibo @ 1.6362.  Watch the USDX for direction. The ATR for the pair currently is 89 pips per day. 

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GBPJPY channel Trade

Bullish: We are currently @141.17 in a channel.  We are looking for a continuation to the ATR target @ 142.00 and then later to the channel top.  This could be the last bullish move since we have possible divergence starting.  Watch the USDX for direction. The ATR for the pair currently is 111 pips per day. 

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This is what I see in the Forex the week of August 30th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bearish: MACD has convergence for a MOVE DOWN on the 60-minute chart.  We may have finished a 4th wave to start a 5th wave down. We could also just stay in the current range. The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week especially GBPUSD 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

GBPUSD Range Trade

Bearish: We are currently @1.3145 in a tight range.  We are looking for a continuation to the ATR target @ 1.3042.  USDX is headed up so watch for this one. Watch the USDX for direction. The ATR for the pair currently is 113 pips per day. 

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