Bullish: Forex Strategies: Currently we are at 146.39 in a channel. We looking for a continuation to the ATR target @ 144.71 and then the Day chart bottom @ 142.18. Watch the USDX for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 261 pips per day and it’s 90 day average is 152 pips per day. My Forex Analysis says USDX is currently down.

Note: Retail Sales and Unemployment claims today

Bullish: Forex Strategies: Currently we are at 190.46 in a channel. We broke resistance in the fundie and are looking for a continuation up to the ATR target @ 192.15 and then the ...

Note: Core PPI and PPI today

Bullish: Forex Strategies: Currently we are at 1.6645 in the start of a possible cup and handle. We are looking for a continuation up to the ATR target @ 1.6750 and then the 0.500 ...

Bearish: Forex Strategies: Currently we are at 1.8084 in a channel. We are looking for a continuation up to the ATR target @ 1.8006 and then the 1.270 Fibo @ 1.7994. Watch the USDX for direction, as it could negate ...

Bullish: Forex Strategies: Currently we are at 188.47 in a channel. We are looking for a continuation up to the 1.000 Fibo @ 189.97 and then the ATR target @ 190.92. Watch the USDX for direction, as it could negate ...

Hi Y'all

I am on vacation this week so will not be posting. Thanks for your understanding.

Scott Barkley

ProAct Traders LLC

Note: ISM Manufacturing today

Bullish: Forex Strategies: Currently we are at 192.88 after finishing 5 wave to the downside. We are looking for a continuation up to the ATR target @ 193.44 AFTER a pullback. Watch the USDX for direction, ...

Note: FOMC today

Bearish to Bullish: Forex Strategies: Currently we are at 1.8285 in a possible 3rd wave in a channel. We are looking for a continuation to the ATR target @ 1.8200. Will look for a 4th wave bounce ...

Note: JOLTS and Consumer Confidence today

Bullish: Forex Strategies: Currently we are at 154.97 out of the triangle. We are looking for a continuation to the ATR target @ 155.71. The Triangle target is the 1.270 Fibo @ 156.70. Watch ...

Bearish: Forex Strategies: Currently we are at 1.1443 just out of the flag. We are looking for a continuation to the Flag target @ 1.1361. Watch the USDX for direction as it could negate all of this. The average daily ...

Bearish: Forex Strategies: Currently we are at 1.9513 at the top of a big range. We have a rising wedge indicating the reversal. IF we can break the wedge (this may be early), we are looking for a continuation to ...

Note: US unemployment claims was negative today

Bearish: Forex Strategies: Currently we are at 2.1382 in a big range. IF we can break the support, we are looking for a continuation to the ATR Target @ 2.1248. There is a ...