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Bearish: USD/JPY is currently at 128.21 in a range and a breakout of the Triangle. We are looking for a continuation to the 1.000 Fibo at 127.44 area with a further target of the ATR at 1127.25.
We have convergence in play for continuation but watch for the bounce at the range bottom. Watch the USDX for direction. The average daily true range (ATR) for the pair is 166 pips and its 180-day average is 161 pips per day. USDX is currently threatening UP.
The EUR/USD is Always In Long and will probably surpass the March 23rd high in the next day or two. The market will also probably test the February 1st buy-the-close bar. This was...
The dollar index is ending with a decline for the fourth of the last five weeks, almost completely erasing the gains from February's rise. Although it cannot be ruled out that the...
USDCAD is set to close the month on a negative note despite the rally to a five-month high of 1.3860 on March 10th.Having dived back below its 20- and 50-day simple moving averages...
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