Scott Barkley's blog

This is his is what I see in the Forex the week of September 19th, 2021: USDX, EU,UJ,GU,AU

Note: USDX: Bullish–We have convergence in play on MACD on the 4 hour and convergence on the hourly. We are waiting to see if we get a 5th wave DOWN! We are in a channel to the upside and anticipate the continuation to the range top. 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 about the same as 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

EURAUD channel trade

Bearish:  USDX is headed up at the time of this post. Currently we are at 1.6075.  We are looking for a continuation to the ATR (Average True Range) Target @ 1.6014 area. We have a MACD break already on the 60 min. Watch the USDX for any change in direction. The ATR for the pair currently is 100 pips per day and it’s 180 day average is 99 pips.

 

Image(s): 
Blog Post

GBPUSD range trade

Bullish:  USDX is headed up at the time of this post. Currently we are at 1.3819.  We are looking for a continuation to the ATR (Average True Range) Target @ 1.3740 area. We have a MACD break already on the 60 min. Watch the USDX for any change in direction. The ATR for the pair currently is 74 pips per day and it’s 180 day average is 82 pips.

 

Image(s): 
Blog Post

NZDUSD range trade

Bullish:  USDX is headed down at the time of this post. Currently we are at 0.7123.  We are looking for a continuation to the ATR (Average True Range)Target @0.7172 area. We have a MACD break already. Watch the USDX for any change in direction. The ATR for the pair currently is 53 pips per day and it’s 180 day average is 60 pips.
 

Image(s): 
Blog Post

GBPUSD channel continuation

Bearish:  USDX is headed up at the time of this post. Currently we are at 1.3835. We are looking for a continuation of the channel to the ATR Target @1.3762 area after this pullback. We have a channel and a MACD break already. Watch the USDX for any change in direction. The ATR for the pair currently is 71 pips per day and it’s 180 day average is 82 pips.

 

Image(s): 
What I See in the Forex

This is what I see in the Forex the week of September 12th, 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting–We have divergence in play on MACD on the 4 hour but convergence on the hourly.  We are waiting to see if we get a 5th wave DOWN!  If so, we are looking for a continuation down to the support around 92.000 and then up again. The alternative analysis is a channel started to the upside. We will have to see what happens as the market opens.  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 lower 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

GBPJPY channel continuation

Bullish:  USDX is headed down at the time of this post. We are looking for a continuation of the channel to the ATR Target @152.70 area. We have a channel and a MACD break already. Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and it’s 180 day average is 86 pips.

 

Image(s): 
Blog Post

Sneak Video

EURNZD channel break

Bearish:  USDX has printed an abc corrective pattern at the time of this post but is uncommitted YET to the down move. IF we get traction, we are looking for a continuation to the ATR Target @1.6561 area. We have a channel and a MACD break already. Watch the USDX for any change in direction. The ATR for the pair currently is 122 pips per day and it’s 180 day average is 154 pips.

Image(s): 
Blog Post

Pages