Note: JOLTS and Consumer Confidence today
Bullish: Forex Strategies: Currently we are at 154.97 out of the triangle. We are looking for a continuation to the ATR target @ 155.71. The Triangle target is the 1.270 Fibo @ 156.70. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 184 pips per day and it’s 90 day average is 120 pips per day. My Forex Analysis says USDX is currently trying to go up.
Bearish: Forex Strategies: Currently we are at 1.1443 just out of the flag. We are looking for a continuation to the Flag target @ 1.1361. Watch the USDX for direction as it could negate all of this. The average daily ...
Bearish: Forex Strategies: Currently we are at 1.9513 at the top of a big range. We have a rising wedge indicating the reversal. IF we can break the wedge (this may be early), we are looking for a continuation to ...
Note: US unemployment claims was negative today
Bearish: Forex Strategies: Currently we are at 2.1382 in a big range. IF we can break the support, we are looking for a continuation to the ATR Target @ 2.1248. There is a ...
Bearish: Forex Strategies: Currently we are at 172.78 in a range. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 171.82. There is a significant support @ 171.36 - watch that ...
Bearish: Forex Strategies: Currently we are at 107.08 in a range. IF we can break the support, we are looking for a continuation to the ATR Target @ 106.50. There is an S5/0.382 Fibo @ 105.54- watch that area. We ...
Note: CPI was negative today
Bearish: Forex Strategies: Currently we are at 1.9041 in a range. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 1.8982. There is a 0.618 Fibo ...
Note: FED Chair Powell speaks today
Bearish: Forex Strategies: Currently we are at 1.8990 in a 5th wave in a channel. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 1.8319. ...
Note: FED Chair Powell speaks today
Bearish: Forex Strategies: Currently we are at 206.74 at a top with a head and Shoulder pattern. IF we can break the slope support, we are looking for a continuation to the ATR Target ...
Note: ADP and Jolts today
Bearish: Forex Strategies: Currently we are at 161.90 in a rising wedge (bearish). IF we can break the wedge, we are looking for a continuation to the ATR Target @ 161.08. There is a 0.618 ...
Note: Jolts is today
Bearish: Forex Strategies: Currently we are at 178.71 out of the triangle. We are looking for a continuation to the ATR Target @ 177.93. There is a 1.270 Fibo further @ 177.87. We should see a ...
Note: Pending home sales is today
Bearish: Forex Strategies: Currently we are at 2.0745 out of the channel. We are looking for a continuation to the ATR Target @ 2.0680. There is a 0.382 Fibo further @ 2.0646. We should ...
