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 the range top @ @ 200.78 area. We should see a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 147 pips per day and it’s 90 day average is 144 pips per day. Forex Analysis says USDX is currently down.

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. ...

Bearish: Currently we are at 1.6316 in a channel in a range. We are looking to continue to the ATR target @ 1.6266 area with an outside target at the 1.000 Fibo @ 1.6233 area. We have convergence in play ...

Bearish: Currently we are at 156.64 in a range. We are looking to continue to the ATR target @ 155.70. WE have divergence in play for the short. Watch the USDX for direction. The average daily true range (ATR) for ...

Bullish to Bearish: Currently we are at 156.37 in a channel. We are looking to continue here and continue to the ATR target @ 157.58. That puts us in intervention territory so watch for a reversal. Watch the USDX for ...

Note: Unemployment claims was neutral today

Bearish: Currently we are at 1.2695 after hitting the Range Top. We are looking to reverse here ( it may need one more push to the top) and continue to the ATR target @ ...

Note: Unemployment claims was neutral today

Bullish: Currently we are at 168.54 after a hard bounce on the channel. We are looking to continue to the ATR target @ 169.36 and then the 1.000 Fibo @ 170.00. Watch the USDX ...

Bullish: Currently we are at 168.92 in a channel. We are looking to continue to the R6 @ 170.15 and then the ATR target @ 170.55. Watch the USDX for direction. The average daily true range (ATR) for the pair ...