Bearish: We are currently @ 1.2746 in a range. The breakout of the slope support here is significant. We are looking for a continuation to the 1.618 Fibo @ 1.2703 with the further target the 1.000 Fibo/ATR target @ 1.2665. Watch the USDX for direction. The average daily true range (ATR) for the pair is 92 pips per day and it’s 90 day average is 94 pips per day. USDX is currently moving up.

Bullish to Bearish: We are currently @ 146.03 in a channel. We have convergence in play. If we can push through a double top here we are looking for a continuation to the 1.618 Fibo @ 147.28. A double top ...

Bearish: We are currently @ 1158.98 in a possible start of a rune to the bottom. We have divergence in play. If we can push through slope support here we are looking for a continuation to the ATR target @ ...

Note: FOMC today

Bearish: We are currently @ 1.2734 in a possible start of a 3rd wave in a channel. If we can push through slope support here we are looking for a continuation to the ATR target @ 1.2600 ...

Note: Core Retail Sales was positive

Bullish: We are currently @ 145.67 in a 3rdvwave in a BIG channel. If we can push through resistance here we are looking for a continuation to the ATR target @ 147.20 with the ...

Bearish: We are currently @ 1.2659 in a 5th wave in a channel. If we can push through support here we are looking for a continuation to the ATR target @ 1.2600 with the overall target today the S4 @ ...

Bearish: We are currently @ 1.9426 in a new channel. If we can push through support here we are looking for a continuation to the ATR target @ 1.9322 with the overall target the 0.382 Fibo @ 1.9290. Watch the ...

Note: NZD Inflation Expectations tonight on NZD

Bearish: We are currently @ 86.45 in a rectangle in a range. If we can break the support here we are looking for a continuation to the ATR target @ 85.80 with the ...

Bearish: We are currently @ 142.17 in a channel in a range. If we can break the slope support we are looking for a continuation to the 1.000 Fibo @ 140.98 with the overall target the ATR target @ 140.06. ...

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 ...

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 ...