Note: NFP tomorrow!
Bearish: We are currently @ 2.0802 in a channel in a range. MACD points the way down. If we can break the 1.270 support we are looking for a continuation to the ATR Target @ 2.0718 with the overall target the range bottom @ 2.0650. This will require that USDX continues up. Watch the USDX for direction. The average daily true range (ATR) for the pair is 202 pips per day and it’s 90 day average is 171 pips per day. USDX is currently moving up.
Note: ADP was positive this AM!
Bearish: We are currently @ 1.2733 after a correction of the last move in a channel. MACD points the way down. If we can break support we are looking for a continuation to the ...
Note: ISM and Jolts this AM!
Bearish: We are currently @ 1.1199 after an abc correction of the last move. MACD has yet to point the way down. If we can break slope support are looking for a continuation to ...
Note: CB Consumer confidence this AM!
Bearish: We are currently @ 156.19 after a breakout of the last move. MACD points the way down. We are looking for a continuation to the ATR Target @ 155.07 with the overall target ...
Bearish: We are currently @ 1.2840 in a 3rd wave with a flag pattern in play. MACD points the way down. If we can break support here, we are looking for a continuation to the ATR Target @ 1.2764 with ...
Note: USD Unemployment was positive!
Bullish: We are currently @ 139.83 in the start of a 3rd wave.. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR Target @ ...
Bullish: We are currently @ 0.8582 in the bottom of the range. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR Target @ 0.8650 with the overall target the ...
Note: Retail Sales was negative!
Bearish: We are currently @ 138.60 in a channel. We are looking for a continuation to the ATR Target @ 137.53 with the overall target the 0.618 Fibo @ 137.12. Watch the USDX for direction. ...
Bearish: We are currently @ 181.44 in a 5th wave. We are looking for a continuation to the ATR Target @ 180.00 with the overall target the o.382 Fibo @ 35. Watch the USDX for direction. The average daily true ...
Bearish: We are currently @ 2.0544 in a 3rd wave. We are looking for a continuation to the ATR Target @ 2.0454 with the overall target the 4.236 Fibo @ 2.0314. Watch the USDX for direction. The average daily true ...
Bearish: We are currently @ 1.6402 after topping out and making the turn. We are looking for a continuation to the ATR Target @ 1.6333 with the overall target the 2.618 Fibo @ 1.6321. Watch the USDX for direction. The ...
Bearish: We are currently @ 1.0772 in a rare trend. We are looking for a continuation to the ATR Target @ 1.0692 with the overall target the day chart bottom @ 1.0580. Should see a bounce there for a corrective ...
