EURNZD 3rd wave finale

Bullish: We are currently @ 1.7835 in a 3rd wave. We have convergence for the upside move on the 60-minute chart. We have the start of convergence for the downside move on the 240-minute chart. We are looking for a continuation to the ATR target @ 1.7947 and then the start of the 4th wave down. Watch the USDX for direction. The ATR for the pair currently is 123 pips per day.


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GBPJPY Breakout

Bearish: We are currently @ 138.10 after a breakout. We have the start of convergence for the downside move on the 60-minute chart. We are looking for a continuation to the ATR target @ 137.42 and maybe the 0.500 Fibo ...

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EURUSD 4th wave continuation

Bearish: We are currently @ 1.1725 after a 3rd wave. We have convergence for the downside move on the 60-minute chart. We are looking for an a-b-c continuation to the 0.500 Fibo @ 1.1538 for a possible reversal point. Watch ...

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This is what I see in the Forex the week of July 19th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: BULLISH: MACD has convergence for a continued MOVE UP. We are looking for an a-b-c continuation to the 0.500 Fibo for a possible reversal point. The USD pairs should prove it out when the market opens. All of ...

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EURNZD Channel continuation

Bullish: Currently we are @ 1.7728 in a channel. We are looking to continue to ATR target @ 1.7800 area and possible on to 2.270 Fibo @ 1.7587. Watch for the reaction there. The average daily true range (ATR) for ...

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GBPUSD Channel continuation

Bullish: Currently we are @ 1.2971 in a channel out of a Range. If we can break the Flag pattern, we are looking to continue to ATR target @ 1.3030 area and possible on to 1.3050. Watch for the reaction ...

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GBPJPY Breakout

Bearish: Currently we are @ 135.56 in a channel in a Range. If we can break the channel, we are looking to continue to ATR target @ 134.86 area and possible on to the support area @ 134.20. Watch for ...

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EURNZD Continuation

Bullish: Currently we are @ 1.7602 in a channel in a Range. We are looking to continue to ATR target @ 1.7712 area. Watch for the reaction @ 1.7657. The average daily true range (ATR) for the pair currently is ...

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EURNZD Continuation

Bullish: Currently we are @ 1.7386 in a channel in a Range. We are looking to continue to ATR target @ 1.7486 are. Watch for the reaction @ 1.7500. The average daily true range (ATR) for the pair currently is ...

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GBPJPY Breakout

Bullish: Currently we are @ 136.08 trying to break out of a Range. IF we can break, we are looking to continue to ATR target @ 1136.89 area and possible to the 1.618 Fibo @ 137.15. The average daily true ...

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GBPNZD short opportunity

Bearish: Currently we are @ 1.9213 after topping out in a Range. We are looking to continue to ATR target @ 1.9137 area and possible to strong support @ 1.9117. The average daily true range (ATR) for the pair currently ...

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EURJPY opportunity

Bearish: Currently we are @ 122.58 topping out in a channel. IF we can break the support @ 122.50, we are looking to continue to ATR target @ 121.56-50 area. there is lots of evidence for this reversal on multiple ...

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Great weekly analysis, very useful and educational.
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