$EUR/USD
We are currently sitting at 1.1008 in a new downtrend. We are looking initially for the S6 Support at 1.10856, and we should see a continuation there to 1.0665 before the pullback. The average daily true range (ATR) for the pair currently is 144 pips.
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$USD/JPY
We are currently at 121.54 out of the range. Looking now to finish the 3rd wave move the R5 at 11122.66. The average daily true range (ATR) for the pair currently is 74 pips.
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$GBP/USD
Cable is currently sitting at 1.5476. We are looking to finish the 3rd wave to the S5 at 1.5325 and then a correction. The average daily true range (ATR) for the pair currently is 160 pips.
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$AUD/USD – A great smooth currency for Newbies!
Aussie is at 0.7818. We are waiting for a bounce to create the 2nd wave and the new trend top for a move down to the 0.786 Fibo at 0.7685. The average daily true range (ATR) for the pair currently is 109 pips.