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GBPUSD: Channel continuation?

Bearish: Currently we are at 1.2998. We are looking for a continuation to the ATR target @ 1.2932 area and then to @ 1.2900. The average daily true range (ATR) for the pair currently is 82 Pips. FOMC today- Caution!! WATCH THE USDX for more clues.

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Trade of the week

Trade of the week - enjoy!

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EURUSD: Channel continuation?

Bearish: Currently we are at 1.2660. We are looking for a continuation to the ATR target @ 1.2611-1.2600 area and then to the 0.618 Fibo @ 1.2559. The average daily true range (ATR) for the pair currently is 86 Pips. WATCH THE USDX for more clues.

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GBPCHF: Channel continuation?

Bearish: Currently we are at 1.2660. We are looking for a continuation to the ATR target @ 1.2611-1.2600 area and then to the 0.618 Fibo @ 1.2559. The average daily true range (ATR) for the pair currently is 86 Pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of January 26th, 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: We are anticipating the continuation of dollar strength in the channel. We have convergence on the 60 min chart (see inset) which is bullish for now. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week except the GPBUSD (big drop). BE SMART - TRADE WITH STOPS!!!!

$EURUSD

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

EURGBP: back in the range?

Bullish: Currently we are at 0.8452 just outside the range. We have divergence on the 60 min chart forecasting a move back in the range. Above the 0.214 Fibo look for the 0.500 Fibo @ 0.8510. The average daily true range (ATR) for the pair currently is 54 Pips. WATCH THE USDX for more clues.

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Trade of the week

GBPUSD - enjoy

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GBPUSD: might breakout?

Waiting: Currently we are at 1.8847 in a channel. A reaction at the channel wall down would Target the 0.786 Fibo @ 1.8754. A breakout, look for the 0.382 Fibo @ 1.3233. The average daily true range (ATR) for the pair currently is 105 Pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of January 19th, 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: We are anticipating the continuation of dollar strength after the Wedge break. We have convergence on the 60 min chart (see inset) which is bullish for now. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week except the GPBUSD (big drop). BE SMART - TRADE WITH STOPS!!!!

NOTE: Martin Luther King Holiday in the USA – Banks are closed

$EURUSD

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

GBPAUD: Reversal?

Bearish: Currently we are at 1.8847 in a channel. A continuation below 1.8839 would Target the ATR @ 1.8781 area with a later continuation to the 0.786 Fibo @ 1.8754. The average daily true range (ATR) for the pair currently is 134 Pips. WATCH THE USDX for more clues.

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