22 june This is what I see in the Forex the week of June 23rd , 2019: USDX, EU,UJ,GU,AU
Note: USDX: We are Bearish to Bullish based on the current chart which may be totally opposite when the Market opens on Monday due to after hours trading MACD is showing divergence at this time so we may have a continued thrust to the downside before resumption up We are looking for a continuation to the range bottom then watch for a bounce Be aware that this could change in a heartbeat and will affect the currencies below ATR’s are slightly higher than last week last week, so look for them to increase further
$EURUSD
What ProAct Traders See: Bullish: We are currently @ 11371 in a channel
We are looking for sideways more for a continuation to the range top @ 1.
1462 watch for the reaction there Watch the USDX for direction The ATR for the pair currently is 69 pips
$USDJPY
What ProAct Traders See: Bearish: We are currently @ 10732 in a 5th wave We are looking to continue to the S4 @ 10636 We have structure to continue to the S 5 @ 10498 so watch the reaction there Watch the USDX for direction
55 pips.
$GBPUSD
What ProAct Traders See: Bullish: We are currently @ 12588 in a nice channel (if a continued move up watch for this turn into a trend) We are at a triple top so IF we break to the upside, we are looking for an initial move to the 1270 Fibo @ 12826 Look for the reaction here if we get one
A reversal here or a continuation to the 1.
618 Fibo @ 12912 That would extend the move and put in the 3rd wave Watch the USDX for direction The average daily true range (ATR) for the pair is 77 pips
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Traders See: Bullish: We are currently sitting @ 06927 in a tight range We looking for a break to the range top (flag pattern) @ 06768 and then a continuation to the 1270 Fibo @ 06768 Watch the USDX for direction 46 pips
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