Currently we are at 1.3402 in a rising wedge which is bearish for the pair.   A couple of different scenarios.  1:  a move to the lower chart trend line and bounce creating a head and shoulders top  2: A break down here to the 0.618 Fibo @1.3187.  The average daily true range (ATR) for the pair currently is 110 pips.

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.…

Currently we are at 149.05..  A couple of different scenarios.  1:  bullish: a move to the upper day chart trend line @ 150.68 area) and break out we will look to the 0.382 fibo @ 151.52.  2: Bearish : A break down at  the 1.2996 area would set up a nice move to the S7 @ 147.10. The average daily true range (ATR) for the pair currently is 233 pips.…

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.…

Currently we are at 125.40.  We are in one of two trends.  If it is the shallower trend we are going to bounce back to the 0.786 fibo @ 127.16.   If the steeper trend is in force we will continue to the S7 @ 123.95.  Will let the currency resolve the issue.  The current average daily trading range (ATR) is 189  pips.…

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.…

USD has extended its weakness today against its majors, especially against AUD in the last hour. Pair is moving higher after five waves up yesterday from 0.9326 in A/1 and then flat correction in wave B/2 that found low at 0.9414. Form a technical point of view we expect a rise now up to 0.9550 as a minimum objective either this will now be wave C of a three wave rally or wave 3 of a new impulsive recovery.

AUDUSD 15min…

Currently we are at 94.59.  We are looking for a small retracement here and  then a continuation to the S6 support  @ 93.28.   The current average daily trading range (ATR) is 149 pips.…

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.…

Currently we are at 1.0198 and sitting on the S4 after taking out the 0.618 Fibo.   The target is the 1.0100 which is the .786 Fibo. The big target is the S5 at the 1.0454. The ATR (Average True Range) for the pair currently is 122 pips.…

Currently we are at 0.8488.  We are looking for a continuation to  the S3 @ 0.8456  then a bounce up on the Day chart trend line    The current average daily trading range (ATR) is 56 pips.…

Currently we are at 1.6025.  We are looking for a small retracement and  then a continuation up to the R8 resistance @ 1.6110.. We are bullish.    The current average daily trading range (ATR) is 102 pips.…

Stocks are slightly lower today after a speech from Prime Minister Shinzo Abe that caused some USD and JPY buying against the majors. AUDUSD is looking very weak and we can see also some reversal on EURUSD from that 1.3100 resistance which is still "do or die" level for this pair. We are observing an ending diagonal in wave C and waiting on possible impulsive reversal down to 1.2950 before we may consider any shorts on this pair. Maybe we will have to wait on ECB tomorrow or NFP on Friday…

Currently we are at 1.5301.  We are looking for a bounce here and then a run to the R5 1.5398.  Expecting that to be the top of this corrective wave and then a move back to the downside.  There is a day chart trend line before that which may prove to be too big a barrier to break.  The current average daily trading range (ATR) is 99 pips.…

Currently we are at 1.3459 after breaking down from the rising wedge.  We are looking for a possible bounce at 1.3429  (the 0.618 Fibo) back to the 0.214 Fibo @ 1.3536.  The Break down would target the 1.3350-3385 area.    The current average daily trading range (ATR) is 103 pips.…

Currently we are at 1.5858.  We are looking for a little more movement to the R7 @ 1.5926  then a pullback or reversal. We are bullish and there are targets still above @ 1.5934, 1.5970.    The current average daily trading range (ATR) is 144 pips.…

Currently we are at 0.9650 after bouncing on the trend line at 0.9600..  We are looking for a continuation up to the resistance @ 0.9736  and then the R6 Resistance later @ 0.9820. We are bullish.    The current average daily trading range (ATR) is 119 pips.…

Currently we are at 1.4564..  We have multiple tests of the break below 1.4550 and are looking again for another one.  A successful break targets  the support @ 1.4465  then a continuation to the S5/.500 fibo support @ 1.4450.  The current average daily trading range (ATR) is 131 pips.…

Currently we are at 132.04.  IF we can break this top in the area of 132.10-132.36 then a continuation up to theR6/Day top resistance @ 133.19 should happen.  Be aware this may take multiple attempts to get there as evidenced by all the tops.    The current average daily trading range (ATR) is 145 pips.…

Currently we are at 101.41 in  a breakout of the rising wedge which is bearish..  We are looking for a move down to the 0.618 Fibo @ 100.56  then a bounce.    The current average daily trading range (ATR) is 102  pips.…