Forex Strategy is Bearish: We are currently @ 160.41 in a channel and a 5^th wave. We are looking for a continuation to the ATR target @ 159.56 area, with possible movement to the 5^th wave support (S5) @ 159.15. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 154 pips per day and it’s 90-day average is 158 pips per day

Note: Core CPI and PPI were as forecasted today!

Forex Strategy is Bullish: We are currently @ 192.11in a channel in a range. We are looking for a continuation to the ATR target @ 193.31 area, with possible movement ...

Note: Core PPI and PPI were negative Today!

Forex Strategy is Bearish: We are currently @ 191.60 in a channel in a range. Scenario #2: We are looking for a slight pullback and then a continuation of a 5 ...

Forex Strategy is Bearish: We are currently @ 157.63 in a range. We are looking for a slight pullback and then a continuation to the ATR target @ 157.08 area, with the overall target the 2.618 Fibo @ 156.62. ...

Note: ADP and FOMC Today!

Forex Strategy is Bearish: We are currently @ 173.76 in a channel. IF we can break support, we are looking for a continuation to the ATR target @ 172.57 area, with the overall target ...

Note: Jolts and ISM Today!

Forex Strategy is Bullish: We are currently @ 1.2545 in a range. Since we broke the support, we are looking for a continuation to the ATR target @ 1.2608 area, with the overall target ...

Forex Strategy is Bearish: We are currently @ 1.9914 in a channel. Since we broke the support here, we are looking for a continuation to the ATR target @ 1.9842 area, with the overall target the range bottom @ ...

Forex Strategy is Bearish: We are currently @ 172.94 in a channel.

If we can break the support here, we are looking for a continuation to the ATR target @ 172.25 area, with the overall target the S6 @ ...

Note: FOMC Today!

Forex Strategy is Bearish: We are currently @ 97.32 in a range. We broke out of the wedge, but it could still be a corrective channel. If we get a turn here, we are looking for ...

Forex Strategy is Bullish to Bearish: We are currently @ 153.99 in a channel in a range. We are looking for a continuation to the ATR target @ 155.00 area. We have divergence on the 60 min chart so ...

Note:PPI Positive Today!

Forex Strategy is Bearish: We are currently @ 159.99 after a double top. If we get the breakdown here, we are looking for a continuation to the ATR target @ 158.87 area and then to the ...

Note: CPI neutral Today!

Forex Strategy is Bearish: We are currently @ 1.6527 in a rising wedge at the top of a Range. If we get the breakout, we are looking for a continuation to the ATR target @ ...