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This is what I see in the Forex the week of January 16th, 2022: USDX, EU,UJ,GU,AU

NOTE:  Martin Luther King Holiday in the USA.  Banks are closed and so are we.

Note: USDX: Bullish – A couple of different scenarios:  1:  Bullish: a bounce here, look for a move back to the 0.382 Fibo @ 96.314. 2: Bearish:  A continuation here validate that a 4th wave is in place and would most likely head to the 94.500. 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. 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 Opportunity

Bearish:  USDX is currently going down at the time of this post.  We are currently @ 1.9959. We have the convergence in play. We are looking for an initial move to the ATR target @ 1.9894 area with a continuation to the 0.382 Fibo @ 1.9842.  Watch the USDX for any change in direction. The ATR for the pair currently is 120 pips per day and its 180 day average is 131 pips per day.

 

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GBPJPY Continuation Opportunity

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 157.48. We have the convergence in play. We are looking for an initial move to the Day top @ 158.22 area with a continuation to the ATR target @ 158.34.  Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 117 pips per day.

 

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GBPUSD Rising wedge opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.3569 just out of a rising wedge. We have the divergence in play. We are looking for an initial move to the ATR Target @ 1.3500 area with a continuation to the 0.382 Fibo @ 1.3437.  Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and its 180 day average is 84 pips per day.

 

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GBPUSD Rising wedge opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.3561 in a rising wedge. We have the divergence in play. We are looking for an initial move to the ATR Target @ 1.3500 area with a continuation to the 0.382 Fibo @ 1.3437.  Watch the USDX for any change in direction. The ATR for the pair currently is 79 pips per day and its 180 day average is 85 pips per day.

 

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This is what I see in the Forex the week of January 9th, 2022: USDX, EU,UJ,GU,AU

Note: USDX: Bearish – A couple of different scenarios:  1:  Bullish: a bounce below here, look for a move back to the S6 @ 96.790. 2: Bearish:  A continuation here would most likely take out the square up @ 95.543. 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 lower (reflecting the holiday period) 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

GBPCHF Channel Continuation

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 1.2433. We have the convergence in play. We are looking for an initial move to the ATR Target @ 1.2509 area with a continuation to the day chart resistance @ 1.2591.  Watch the USDX for any change in direction. The ATR for the pair currently is 65 pips per day and its 180 day average is 71 pips per day.

 

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AUDJPY Channel Continuation

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 84.09. We have the convergence in play. We are looking for an initial move to the ATR Target @ 84.91-85.00 area with a continuation to 85.48.  Watch the USDX for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 79 pips per day.

 

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GBPCHF range opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.2386. We have the divergence in play. We are looking for an initial move to the ATR Target @ 1.2307 with a continuation to 1.2280.  Watch the USDX for any change in direction. The ATR for the pair currently is 77 pips per day and its 180 day average is 75 pips per day.

 

 

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GBPUSD Channel Break Opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.3492. We have the convergence starting. We are looking for an initial move to the ATR Target @ 1.3445 with a continuation to the S3 @ 1.3407.  Watch the USDX for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 83 pips per day.

 

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