Note: CB Consumer confidence this AM!

Bearish: We are currently @ 156.19 after a breakout of the last move. MACD points the way down. We are looking for a continuation to the ATR Target @ 155.07 with the overall target the 1.000 Fibo @ 1153.53. This will require that USDX continues up. Watch the USDX for direction. The average daily true range (ATR) for the pair is 141 pips per day and it’s 90 day average is 129 pips per day. USDX is currently moving up. NOTE: Last post till next week- I am going on vacation.

Bearish: We are currently @ 1.2840 in a 3rd wave with a flag pattern in play. MACD points the way down. If we can break support here, we are looking for a continuation to the ATR Target @ 1.2764 with ...

Note: USD Unemployment was positive!

Bullish: We are currently @ 139.83 in the start of a 3rd wave.. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR Target @ ...

Bullish: We are currently @ 0.8582 in the bottom of the range. MACD points the way up. If we can break resistance here, we are looking for a continuation to the ATR Target @ 0.8650 with the overall target the ...

Note: Retail Sales was negative!

Bearish: We are currently @ 138.60 in a channel. We are looking for a continuation to the ATR Target @ 137.53 with the overall target the 0.618 Fibo @ 137.12. Watch the USDX for direction. ...

Bearish: We are currently @ 181.44 in a 5th wave. We are looking for a continuation to the ATR Target @ 180.00 with the overall target the o.382 Fibo @ 35. Watch the USDX for direction. The average daily true ...

Bearish: We are currently @ 2.0544 in a 3rd wave. We are looking for a continuation to the ATR Target @ 2.0454 with the overall target the 4.236 Fibo @ 2.0314. Watch the USDX for direction. The average daily true ...

Bearish: We are currently @ 1.6402 after topping out and making the turn. We are looking for a continuation to the ATR Target @ 1.6333 with the overall target the 2.618 Fibo @ 1.6321. Watch the USDX for direction. The ...

Bearish: We are currently @ 1.0772 in a rare trend. We are looking for a continuation to the ATR Target @ 1.0692 with the overall target the day chart bottom @ 1.0580. Should see a bounce there for a corrective ...

Note: Gov Bailey speaks today!

Bearish: We are currently @ 181.78. We are looking for a continuation to the ATR Target @ 181.00 with the overall target the 1.618 Fibo @ 180.17. Should see a bounce there for a corrective ...

Note: ISM Services and Jolts is today!

Bullish: We are currently @ 1.6360 after the breakout of the bear channel We are looking for a continuation to the ATR Target @ 1.6444 with the overall target the 2.618 Fibo @ ...

Note: FOMC is today!

Bearish: We are currently @ 96.33 after a breakout of the former bullish channel We are looking for a continuation to the ATR Target @ 95.59 with the overall target today the 4.236 Fibo @ 95.44. ...