JoshFX1

JoshFX1

The dollar index made a nice bounce back up from the lower green range. The Stoch Rsi indicator shows a possible bullish crossover and the Adx indicator shows a very weak bearish trend meaning that its more then likely the bulls will take over. Because of this I see the dollar gaining some strenght this week and the dollar index attacking and breaking 100. It's...

JoshFX1

EurGbp looks like it will perform a wave up when looking at the current structure and the indicators. However a break of the lower range will confirm a sell. So basicly EurGbp is showing options for a bullish or bearish entry. Personally I am with the bulls given the current structure and setup of the indicators. But I will sell if the lower range breaks. Since...

JoshFX1

EURUSD looks to be in the process of completing a so called 5th Elliot Wave. For this its important that it will break to current resistance. When this happens this 5th wave might go to 1.09 and possible beyond if the upper range breaks. Stoch Rsi shows strong buying pressure and Adx shows that bullish trend is stronger then the bearish, however the red line...

JoshFX1 Updated 

USDJPY Daily Time Frame The range on USDJPY is narrowing. Aso the Stoch RSI is making a nice bullish crossover. As you can see the range shows a bit more room to the down side possible, but I doubt that it will go down alot. My advice: - Buy the Dips - If you have the equity start with a small buy position and be ready to add more every 80 pips