7 july This is what I see in the Forex the week of July 8th, 2019: USDX, EU,UJ,GU,AU
Note: USDX: We are Bullish based on the current chart which may be totally opposite when the Market opens on Monday due to after hours trading Bullish: a small pullback here and look for a move back to the range top The 60-minute chart is showing convergence for the up move Be aware that this could change in a heartbeat and will affect the currencies below ATR’s are slightly higher than last week, so look for them to increase further
$EURUSD
What ProAct Traders See: Bearish: We are currently @ 11227 in a range and channel We are looking to continue range bottom @ 11100 and maybe through to the 1270 Fibo @ 11025
Watch the USDX for direction.
The ATR for the pair currently is 59 pips.
$USDJPY
What ProAct Traders See: Bullish: We are currently @ 10842 in a channel and range We are looking to continue to the range top @ 10992 Watch the USDX for direction 59 pips
$GBPUSD
ProAct Traders See: Bearish: We are currently @ 1
2529 in a range.
We are looking to continue to the downside possible all the way to the 1618 Fibo @ 12294 Watch the USDX for direction The average daily true range (ATR) for the pair is 75 pips
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Traders See: Bearish: We are currently sitting @ 06679 in a tight range We are looking to continue to the range bottom @ 06832 Watch the USDX for direction 47 pips
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