Aud/Usd is bearish and should stay under 1.0220. Our first target met here, and still looking lower under @ 1.01. Risk can be lowered down here on top of wave [2].

Written by: ewTrading.wordpress.com…

gold, blue to blue.…

AUDUSD reversed perfectly lower from 1.0380/1.0400 resistance region that I have been focusing on few days back. Notice that market made a very sharp fall from that level, clearly in impulsive fashion through the lower line of a corrective channel yesterday. Thats a very nice signal for a continuation of a larger trend which is clearly bearish on AUDUSD from early April high. Ideally, pair is now moving into a third wave that could extend even down to 1.0100. Any near-term bounce should…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3042 in a wedge so this could go either way.  A couple of different scenarios.  1:  bull move- a break to the S5 @ 1.2892 with resistance at 1.3150  2: Bear move- a break to the R3 @ 1.3099 with support at 1.2846.  The average (14 day) daily true range (ATR) for the pair currently is 99 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3059 in a sideways move .  We are looking at this current move as a bear flag so looking to get long near the .500 Fibo @ 1.2945 area but we could get a fall to the .618 @ 1.2900 before the bounce.  We can see a head and shoulders pattern in force. The average (14 day) daily true range (ATR) for the pair currently is 109 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3103 .  We got the break out to the upside and now long inside a channel.  We are looking for a continuation to the day chart congestion area @ 1.3268.   The average (14 day) daily true range (ATR) for the pair currently is 77 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3009 .  We got the break out to the upside and now waiting for a correction before going long.  We are looking for a continuation to the R5/ resistance @ 1.3129.   The next major target above  is the -01.270 fib extension @ 1.3238s.  The average (14 day) daily true range (ATR) for the pair currently is 102 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2822 .  We are in a correction which indicates a continuation to the downside trend wall.  We are looking for a continuation to the S7/ support @ 1.2725.   We could have a short move to the upside trend wall first however.  The next major down target is the -01.270 fib extension @ 1.2843.  The average (14 day) daily true range (ATR) for the pair currently is 93 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.2985 .  This could still be a false breakout so keep that in mind when looking to go long.  We are looking for a small pullback and then a continuation to the R5/ resistance @ 1.3220.   If it is a false breakout - the down target is the double bottom @ 1.2843.  The average daily true range (ATR) for the pair currently is 115 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3058  after a breakout of the down trend wall.  We still need to put a bottom in on this new trend so watch for the pullback first and then the bounce for the move to the R4 resistance @ 1.3152. A false breakout to downside targets the double bottom @ 1.2911. The average daily true range (ATR) for the pair currently is 114 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3018 after testing  the psychological 1.3000 to the downside. We are looking for a small pullback and then a continuation to the wave 3 S6 support @ 1.2913  at the least and a bounce is possible there.   The down target on a continuation is the bottom @ 1.2718.  The average daily true range (ATR) for the pair currently is 112 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3180 after breaking the day chart trend line to the downside. We are looking for a continuation to the S6 support @ 1.3090  at the least and a bounce is possible there.   Be aware that they may bounce it now back to the day chart trend and then go from there.  The down target on a continuation is the bottom @ 1.3000.  The average daily true range (ATR) for the pair currently is 114 pips. …

Good Afternoon everyone

It has been relatively quite for me for the past 2 days but today I say an opportunity and ripped some quick pips. I was expecting NZ governor to give some hawkish news because there has been hawkish statements from the New Zealand politician regarding high NZD. So it happened New Zealand Governor gave hawkish statement and I took quick 56 pips profits on my NZDUSD. NewZealand Governor warned the investors that kiwi is not a one way bet which means whatever…

Newzealand Finance minister ENGLISH just gave a statement that high NZD is not good for our export and hurting our economy and we saw a drop of 25-30 pips however NZDUSD is likely to go down soon.

On the other hand RBA gave hawkish statement which took AUDUSD pair to 1.330 level however it will run out of air sooner or later this week and should come down again.

Greeting friends!



As I discussed in my last blog EURJPY and GBPJPY has picked up the momentum however considering monday it is not likely to be so active. Tuesday,wednesday and thursday are the main days of trading for major pairs.



One interesting thing came up with looking at the chart on a 4h scale is AUDUSD is heading towards parity very soon. There has been immense pressure on the pair and the pair has not been able to break above 1.0400…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3355  in a wedge at the bottom of the day chart trend wall.  If we get the bounce out of the wedge look for the move to the 1.3483  and then we are bullish up to 1.3572.  A breakout to downside targets the S6 @ 1.3106. The average daily true range (ATR) for the pair currently is 109 pips. …

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3363.  Although currently the 240 trend is down we are approaching the day chart trend line to the upside. We are looking for a bounce at the least and a reversal is certainly possible.  The key area IF we get the bounce will be the 0.618 Fibo @ 1.3432.   The down target on a continuation is the bottom @ 1.3270.  Up target on a breakout is the 1.3569 area. The average daily true range (ATR) for the pair…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3663.  We are looking for a pullback, probably to the .500 Fibo @ 1.3488 and then a move to the Fib extension cluster @ 1.3833.  Overall target is the 1.3985 area. The average daily true range (ATR) for the pair currently is 89 pips.…

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3405.  We wrote last week “A break up targets the 1.3483 area”- we topped out at 3484.  We are looking for a pullback, probably only to the .382 Fibo @ 1.3399 and then a move to the 3^rd wave R4 @ 1.3500.  Overall target is the 1.3600 area. The average daily true range (ATR) for the pair currently is 100 pips.…