13 july This is what I see in the Forex the week of July 14th, 2019: USDX, EU,UJ,GU,AU
Note: USDX: We are Bearish based on the current chart which may be totally opposite when the Market opens on Monday due to after hours trading Bearish: a breakout of the flag pattern here, look for a move to the range bottom The 60-minute chart is showing the start of convergence for the down move Be aware that this could change in a heartbeat and will affect the currencies below ATR’s are lower than last week
$EURUSD
What ProAct Traders See: Bullish: We are currently @ 11271 in a range and channel We are looking to continue to the 0214 Fibo @ 11364 and maybe through to 11400 Watch the USDX for direction The ATR for the pair currently is only 48 pips
$USDJPY
What ProAct Traders See: Bearish: We are currently @ 10791 in a range We are looking to continue to the range bottom @ 10678 We could bounce there or break down to the 1618 Fibo @ 10542 Watch the USDX for direction 53 pips
$GBPUSD
ProAct Traders See: Bullish: We are currently @ 12577 in a range and channel We are looking to continue to the 0786 Fibo @ 12710 and possible to the range top @ 12800 Watch the USDX for direction The average daily true range (ATR) for the pair is 66 pips
$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Traders See: Bullish: We are currently sitting @ 0.
7021 in a tight range We are looking to continue to the square up @ 0
7081 and then on to the 0.
7150 area Watch the USDX for direction 45 pips
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