EURPY, working a channel up

Bullish: We are currently @ 137.31 in a range. This looks like a big a-b-c after the 5 fractals down. We are looking for a continuation to the ATR target @ 138.36 and then decision time. Watch the USDX for any change in direction. The ATR for the pair currently is 154 pips per day and its 180 day average is 131 pips per day. USDX is currently down at the time of this post.

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AUDJPY, Flag pattern says down

Bearish: We are currently @ 91.66 in a range with a bearish Flag Pattern. IF we can break the 91.60 we are looking for a continuation to the ATR target @ 90.48. Watch the USDX for any change in direction. ...

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EURNZD, Can it break

Bullish: We are currently @ 1.6224 in a channel after a sideways move. IF we can break the resistance here, we are looking for a continuation to the ATR target @ 1.6311. and then to the Range Top @ 1.6400 ...

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GBPUSD still working the channel

Bearish: We are currently @ 1.2551 in a channel after a sideways move. We are looking for a continuation to the ATR target @ 1.2489. and then to the S6@ 1.2480. Watch the USDX for any change in direction. The ...

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AUDJPY Continues the channel

Bearish: We are currently @ 91.08 in a channel up but also in a sideways move. We are looking for a continuation to the ATR target @ 90.93. A break down there would set up the move to the 1.270 ...

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USDJPY Decision time

Waiting: We are currently @ 128.20 in a channel up but also in a sideways move. Two scenarios: 1: Bullish: a move to the resistance near 129.50 and possible continuation to the ATR targets @ 129.67. 2: Bearish: A break ...

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USDJPY Break Down

Bearish: We are currently @ 128.12. We are looking for a move to the ATR target @ 126.74 area with a further target just above the 126.00. Watch the USDX for any change in direction. The ATR for the pair ...

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AUDJPY reversing

Bearish: We are currently @ 95.09. We have the first sign of the start of a new channel short. We are looking for a move to the ATR target @ 94.06 area. Watch the USDX for any change in direction. ...

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AUDUSD Falling Wedge opportunity

Bullish: We are currently @ 0.7366. We have the first sign of a breakout up out of the Falling wedge. We are looking for a move to the ATR target @ 0.7481 area. Watch the USDX for any change in ...

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GBPUSD breakout opportunity

Bullish: We are currently @ 1.3042. We have the first sign of a breakout up. IF we can break the 1.3080 resistance, we are looking for a move to the ATR target @ 1.3145-3150 area. Watch the USDX for any ...

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GBPJPY trying to break down

Bearish: We are currently @ 164.46 at the top of the range. We have divergence for the short. IF we can break the 164.29 support, we are looking for an initial move to the former day chart top @ 163.74 ...

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GBPCHF Poised to start up

Bullish: We are currently @ 1.2148 after a bounce on the bottom of the range. We are looking for an initial move to the ATR target @ 1.2207 area and then the 0.618 Fibo @ 1.2218. Watch the USDX for ...

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