Note: Pending home sales is today

Bullish: Forex Strategies: Currently we are at 2.0775 in a channel and 5th wave. We are looking for a continuation to the ATR Target @ 2.0830. There is a 1.618 Fibo slightly further @ 2.0840. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 109 pips per day and it’s 90 day average is 112 pips per day. Forex Analysis says USDX is headed up.

Note: CB Consumer confidence is today

Bearish: Forex Strategies: Currently we are at 159.46 in the top of a range. We are looking for a short pullback and then to the ATR Target @ 158.60. There is a bottom slightly ...

Bearish: Forex Strategies: Currently we are at 201.97 in the top of a range. We are looking for this to be the top and if we continue through here we will target the ATR Target @ 200.84 There is a ...

Bearish: Forex Strategies: Currently we are at 200.94 in the top of a range. WE have a possible rising wedge and if we continue through here we will target the ATR Target @ 199.50/ If this is a channel then ...

Bullish to bearish: Forex Strategies: Currently we are at 157.91 in the top of a range. We are looking for a triple top and the reverse to the 1.000 Fibo @ 157.47 area and then the ATR target @ 156.60 ...

Bullish: Forex Strategies: Currently we are at 1.2686 in a range. We are looking to continue a C wave to the ATR target @ 1.2743 area and then the 1.000 Fibo @ @ 1.2760 area. We should see a reaction ...

Bullish to Bearish: Forex Strategies: Currently we are at 200.02 in a range. The pair appears to be in an ABC corrective pattern. We are looking to continue a C wave to the ATR target @ 200.52 area and then ...

Note: Unemployment claims was negative today

Bearish: Currently we are at 1.9201 in a channel in a range. We are looking to continue a third wave to the ATR target @ 1.9100 area and then the S5 @ @ 1.8976 ...

Bullish: Currently we are at 2.0819 in a range. We are looking to continue to the ATR target @ 2.0880 area and then the range top @ @ 2.0900 area. This requires that the USDX continue up so Watch the ...

Bullish: Currently we are at 1.2782 in a triangle in a range. We are looking to continue to the ATR target@ 1.2831 area with an outside target at the 1.618 Fibo @ 1.2835 area. This requires that the USDX start ...

Note: Jolts today

Bearish: Currently we are at 2.0679 in a channel. We are looking to continue to the 1.270 Fibo @ 2.0615-00 area with an outside target at the 1.618 Fibo @ 2.0552 area. We have convergence in play ...

Bearish: Currently we are at 1.7694 in a channel. We are looking to continue to the ATR target @ 1.7631 area with an outside target at the 1.000 Fibo @ 1.7593 area. We have convergence in play for the short. ...