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$AUDJPY– Breakout?

The pair is currently @ 81.29. We have a clear breakout of the former uptrend indicating further movement short. Initial target is the S4 @ 80.78 and then the former bottom @ 79.64. Watch for a bounce @ the S4 to establish the...

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$USDCHF– will it break?

The pair is currently 0.9298. We have a clear rectangle pattern indicating further movement short but we are showing a possible break of the trend line to the long side. If it breaks – Initial target is the 0.500 Fibo/R2 @...

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$EURJPY– reversal?

The pair is currently @ 102.58. We have a clear head and shoulders pattern and a break of the neckline. Initial target is the 0.500 Fibo @ 101.70 and then it should get interesting. Wave counters will note that we are fulfilling...

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$USDCAD– more correction?

The pair is currently @ 0.9729. We could resume the down move here but we are seeing hints of a deeper correction since the DAX ( US Dollar index) is still showing bulls have it. 2 Scenarios – 1) short from here for the...

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$EURCAD– continuation?

The pair is currently @ 1.2638 and we are in a north bound channel which favors the continuation to the 1.2750 area ( 1.270 fib extension). There is a lot of confluence there. Need to break the 1.2650 target first. The Average...

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$USDCHF– where now?

The pair is currently @0.9541 and testing a breakout of the wedge. Non-Farm Payroll is today so that could drastically alter the plan. Looking for the break down to support @ 0.9505. A break there look to the S5@...

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$EURUSD– where now?

The pair is currently @1.2631 and testing a breakout of the strong resistance @ 1.2618. A break above 1.2650 targets the 1.618 Fib extension @ 1.2685. A break there look to the R6 @ 1.2744. The pair currently has an ATR of 86...

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$GBPUSD– ascending wedge

The pair is currently @1.5918 and testing a breakout of the wedge. A clean break targets the resistance @ 1.5981. Overall target this week is th R6 @ 1.6103. The pair currently has an ATR of 74...

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