Currently we are at 0.6464 after breaking back into the old trend. Looking to continue down to the 0.786 Fibo (S7) @ 0.9398. A break of that look for a double bottom @ 0.9326. The average daily true range (ATR) for the pair currently is 154 pips.…
ContinueAdded by Scott Barkley on June 18, 2013 at 1:14pm — No Comments
Currently we are at 0.9618. We are looking for a small move to continue up to the R5/.214 Fibo @ 0.9700. Next week look to the R6 @ 0.9931. We are bullish. The current average daily trading range (ATR) is 146 pips.…
ContinueAdded by Scott Barkley on June 14, 2013 at 1:10pm — No Comments
Currently we are at 0.9533 at the top of the trend. IF, IF we breakout look for a continuation up to the R5 resistance @ 0.96710. A failure to break and look for the 0.786 Fibo @ 0.9426. The current average daily trading range (ATR) is 146 pips.…
ContinueAdded by Scott Barkley on June 12, 2013 at 1:04pm — No Comments
Currently we are at 0.9447. We are looking to fill the gap but AUDUSD only fills them 72.9% of the time by day 2 especially for a bearish gap. If it fills or does not we are looking for a continuation to the 1.270 fibo Extension @ 0.9337. The current average daily trading range (ATR) is 146 pips.…
ContinueAdded by Scott Barkley on June 10, 2013 at 1:00pm — 3 Comments
Currently we are at 0.9788 trying to break out of a bear flag.. We are looking for an initial move to the double bottom @ 0.9711 then a continuation up to the S7 support @ 0.9596. Watch for a bounce there. The current average daily trading range (ATR) is 101 pips.…
ContinueAdded by Scott Barkley on May 21, 2013 at 1:01pm — No Comments
Currently we are at 0.9733 on the 1.270 fibo. We are looking for a continuation down to the 1.618 Fibo support @ 0.9665. Market has a tendency to square up on Friday so be aware of that in the mix. The current average daily trading range (ATR) is 87 pips.…
ContinueAdded by Scott Barkley on May 17, 2013 at 1:01pm — No Comments
Currently we are at 0.9914. We are close to our S6 target (0.9889) and looking for a small retracement on the bounce and then a continuation to the (psychological) support @ 0.9800. The current average daily trading range (ATR) is 87 pips.…
ContinueAdded by Scott Barkley on May 14, 2013 at 12:49pm — No Comments
Currently we are at 1.0236.. We are looking for a breakdown to the lower trend wall at around 1.0176 and then a small retracement for a continuation to theS5 support @ 1.0116. The current average daily trading range (ATR) is 76 pips.…
ContinueAdded by Scott Barkley on May 6, 2013 at 1:04pm — No Comments
Currently we are at 1.0343 and the long awaited breakout has occurred . We are looking for a small retracement at the R3 @ 1.0366 then a continuation up to the resistance @ 1.0460. The pullback may show this to only be a correction for a continued down move so watch that. The current average daily trading range (ATR) is 92 pips.…
ContinueAdded by Scott Barkley on April 29, 2013 at 1:19pm — No Comments
Currently we are at 1.0334 and the long awaited breakout has occurred . We are looking for a small retracement at the R3 @ 1.0365 then a continuation up to the resistance @ 1.0421 and then the R4 Resistance later @ 1.0454. We are bullish. The current average daily trading range (ATR) is 95 pips.…
ContinueAdded by Scott Barkley on April 25, 2013 at 12:52pm — 5 Comments
Currently we are at 1.0414 at the .786 Fibo/trend wall. Option 1) break down to the double bottom @ 1.0348. Option 2) bounce back to the R5 resistance @ 1.0497. The current average daily trading range (ATR) is 77 pips.…
ContinueAdded by Scott Barkley on April 15, 2013 at 1:04pm — 2 Comments
Currently we are at 1.0491. A break of the 1.0500 here would target the resistance cluster @ 1.0530 and then the day top @ 1.0597. We are bullish. The current average daily trading range (ATR) is 62 pips.…
ContinueAdded by Scott Barkley on April 3, 2013 at 1:01pm — No Comments
Currently we are at 1.0438 after breaking through the uptrend line on the .214 fibo . We could do an abc correction here to the S2 @ 1.0409 A break down here though would target the support @ 1.0409 and then the S3 @ 1.0354. We are bearish. The current average daily trading range (ATR) is 62 pips.…
ContinueAdded by Scott Barkley on March 27, 2013 at 1:08pm — No Comments
Currently we are at 1.0320. We looking now for the continuation first to the R4 @1.0350 area then the 1.0383 target. The overall target up is 1.0411. The current average daily trading range (ATR) is 76 pips.…
ContinueAdded by Scott Barkley on March 12, 2013 at 1:18pm — No Comments
Currently we are at 1.0237 after the break of the 240 min downtrend. Looking for the move to go to the R3 @ 1.0257. There (day chart trend wall) we could either break out there north- Target is then the R4 @ 1.0346. Or break down back to the R2 @ 1.0202 area. The current average daily trading range (ATR) is 74 pips.…
ContinueAdded by Scott Barkley on March 5, 2013 at 2:20pm — 4 Comments
Currently we are at 1.0250 after a nice correction. We are looking now for the continuation to the support @ 1.0221 (chance of inverse head and shoulder there) with further targets at the second wave S4 @ 1.0145 area. The current average daily trading range (ATR) is 76 pips.…
ContinueAdded by Scott Barkley on February 28, 2013 at 2:14pm — No Comments
Currently we are at 1.0319 after the pullback and tagging the top trend line. We are looking now for the continuation to the Support @ 10282. There is a possibility that we will form a Head and shoulders pattern there. If not look for the continuation to the double bottom @ 1.0243 area. The current average daily trading range (ATR) is 72 pips.…
ContinueAdded by Scott Barkley on February 15, 2013 at 2:06pm — 4 Comments
Currently we are at 1.0306. We are sitting above the support @ 1.0278 which is the next target. Overall target area is the S5/support @ 1.0223 area. The current average daily trading range (ATR) is 52 pips.…
ContinueAdded by Scott Barkley on February 6, 2013 at 2:21pm — No Comments
Currently we are at 1.0509 after a brief retracement to the 0.214 Fibo. A break north here would target the 1.270 Fib Extension @ 1.0553 with an overall target at the 1.618 Fib extension and day chart top @ 1.0610. The average daily trading range (ATR) is 55 pips.…
ContinueAdded by Scott Barkley on January 3, 2013 at 2:18pm — No Comments
Currently we are at 1.0429 and have just broken the 0.786 Fibonacci level to the south. The target area is the support @ 1.0357-1.0384. Look for consolidation there. The average daily trading range (ATR) is 53 pips.…
ContinueAdded by Scott Barkley on December 21, 2012 at 2:13pm — No Comments
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