Bullish: We are currently @ 122.99 in a channel after consolidation. We are looking for an initial move to the ATR target @ 124.15 area and then the R7 @ 124.52. Watch the USDX for any change in direction. The ATR for the pair currently is 134 pips per day and its 180 day average is 112 pips per day. USDX is currently up at the time of this post.
The 4 Things you must know in the Forex: http://proacttraders.com/ebook
Bearish: We are currently @ 1.3114 in a channel after an a-b-c correction. We are looking for an initial move to the ATR target @ 1.3003 area and then the S5 @ 1.2923. Watch the USDX for any change in ...
Bearish: We are currently @ 0.8457 after topping out and then breaking out. We are looking for an initial move to the ATR target @ 0.8406 area and then the 0.500 Fibo @ 0.8381. Watch the USDX for any change ...
Bearish: We are currently @ 161.48 in a channel and possibly a trend. We are looking for an initial move to the ATR target @ 160.32 area and then the support @ 159.87. Watch the USDX for any change in ...
Bearish: We are currently @ 0.7519 in a rising wedge at the top of a day chart trend. We are looking for an initial move to the ATR target @ 0.7435 area and then the 0.382 Fibo @ 0.7391. Watch ...
Bearish: We are currently @ 1.2287 in a range and a flag pattern that is bearish. We are looking for an initial move to the ATR target @ 1.2190 area and then the 1.2150. Watch the USDX for any change ...
Bearish: We are currently @ 0.6952 in a channel but with 5 waves completed. We are looking for an initial move to the ATR target @ 0.6891 area and then the 0.382 Fibo @ 0.6880. Watch the USDX for any ...
Bearish: We are currently @ 0.9323 in a channel. We are looking for an initial move to the ATR target @ 0.9273 area and then the 0.382 Fibo @ 0.9254. Watch the USDX for any change in direction. The ATR ...
Bearish: We are currently @ 0.7394 in a new channel. We are looking for an initial move to the ATR target @ 0.7318 area and then the 0.500 Fibo @ 0.7295. Watch the USDX for any change in direction. The ...
Bullish: We are currently @ 1.1051 in a channel. We are looking for an initial move to the Day chart top@ 1.1151 area and then ATR target@1.1161. Watch the USDX for any change in direction. The ATR for the pair ...
Bullish: USDX is currently trying to go down at the time of this post. We are currently @ 1.3090 in a channel. We also have a possible cup and handle pattern which is bullish. We are looking for an initial ...
Bearish: USDX is currently trying to go down at the time of this post. We are currently @ 1.6221 after a break of the channel. We are looking for an initial move to the ATR target@ 1.6016 area and then ...
