Bullish: Currently we are at 1.6430 in a new channel. IF we can break the triangle resistance here, we are looking to continue to the ATR target @ 1.6502 with a further target the R4 @ 1.6600. Watch the USDX for direction. The average daily true range (ATR) for the pair is 83 pips per day and it’s 90 day average is 101 pips per day. USDX is now headed up.

Note: Unemployment claims was positive

Bearish: Currently we are at 1.9221 in a channel. IF we can break the support here, we are looking to continue to the ATR target @ 1.9150 with a further target the support @ 1.9112. ...

Bullish: Currently we are at 190.96 in a range. IF we can break the 1.000 Fibo resistance here, we are looking to continue to the ATR target @ 191.62. Watch the USDX for direction. The average daily true range (ATR) ...

Note: Jolts this AM

Bearish: Currently we are at 151.65 in the top of the range. We have a quadruple top in place. IF we can break slope support here, we are looking to continue to the ATR target @ ...

Bearish: Currently we are at 167.85 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 167.12 with a further 2.618 Fibo target @ 166.54 area. Watch ...

Note: Pending Home Sales this AM

Bearish: Currently we are at 151.34 in a symmetrical triangle in a range. IF we can break the Triangle, we are looking to continue to the ATR target @ 150.50 with a further 1.270 ...

Bearish: Currently we are at 1.2618 in a channel in a range. We are looking to continue to the ATR target @ 1.2560 with a further 1.618 Fibo target @ 1.2542 area. Watch the USDX for direction. The average daily ...

Note: CB Consumer Confidence this AM

Bearish: Currently we are at 1.9312 out o the pennant in a range. We are looking to continue to the ATR target @ 1.9219 with a further 1.618 Fibo target @ 1.9182 area. Watch ...

Bullish: currently we are at 2.1045 in a channel. We are looking to break slope resistance and continue to the ATR target @ 2.1100 with a further 1.618 Fibo target @ 2.1116 area. Watch the USDX for direction. The average ...

Bearish: Yesterday we looked for the bounce up and we got it. Today we are looking to start the journey down. We are currently @ 165.00 after putting in a double top with divergence in play. We are looking to ...

Note: FOMC today

Bullish: We are currently @ 164.45 in a channel after breaking out of the range. We are looking to bounce and continue the channel to the ATR target @ 165.18 with a further 1.618 Fibo target @ ...

Bearish: We are currently @ 1.2735 in a channel in a range. We are continuing a third wave and looking to continue the channel to the ATR target @ 1.2680 with a further S4 target @ 1.2663 area. Watch the ...