GBP/NZD – New channel in play

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 significant support @ 2.1297 - watch that area. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 126 pips per day and it’s 90 day average is 112 pips per day. My Forex Analysis says USDX is currently trying to go down.

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EUR/JPY – Poised to fall

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 ...

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AUD/JPY – looks to continue

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 ...

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GBP/AUD – Range bottom up next

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 ...

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GBP/AUD – Will it breakout

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. ...

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GBP/JPY – Poised For The Fall

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 ...

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USD/JPY – Rising wedge should start it down

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 ...

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CHF/JPY – out of the triangle

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 ...

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GBP/NZD – Breaks the uptrend

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 ...

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GBP/NZD – continues to move up

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 @ ...

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USD/JPY- starting the move down

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 ...

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GBP/JPY- Topping out

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 ...

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