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This is what I see in the Forex the week of January 23th, 2022: USDX, EU,UJ,GU,AU

NOTE:  FOMC this Wednesday

Note: USDX: Sideways – A couple of different scenarios:  1:  Bullish: a bounce here, look for a move to the R6 @ 96.774. 2: Bearish:  A breakdown here would most likely head to the 95.500. 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

GBPUSD might test the top

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 1.3226. We have convergence in play on the lower compressions. We are looking for an initial move to the ATR target @ 1.3698 area with a continuation to the Day chart top this week @1.3737.  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 81 pips per day.

 

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EURJPY Range Opportunity

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 129.91. We have divergence in play on the lower compressions. We are looking for an initial move to the ATR target @ 130.60 area with a continuation to the 0.382 Fibo @ 130.69.  Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day and its 180 day average is 80 pips per day.

 

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GBPAUD Range Opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.8913. We have convergence in play. We are looking for an initial move to the ATR target @ 1.8900 area with a continuation to the 0.618 Fibo @ 1.8777.  Watch the USDX for any change in direction. The ATR for the pair currently is 104 pips per day and its 180 day average is 114 pips per day.

 

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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

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 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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