This is what I see in the Forex the week of February 10th, 2019:

Note: USDX is in a range. We are currently bullish but close to a potential top. Watch the reaction @ the 97.435 area and also 98.250 for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower.

$EURUSD

What ProAct Traders See: We are currently @ 1.1323. Bullish: we are looking for a completion of the down move @ 1.1300 and then a bounce to the top of the range @ 1.1585 (watch for a reversal there). We have divergence in play for this move now. Watch the USDX for direction. The ATR for the the pair currently is 59 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 109.80. Bearish: We are looking for a continuation to the range bottom @ 108.00. We are in a pennant pattern or the downside move just waiting on the USDX to turn down, Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips.

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$GBPUSD

What ProAct Traders See: We are currently @ 1.3082: A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the trend to complete an abc correction @ 130.22 area. 2: Bearish: A continuation here would most likely target the trend line @ 128.00 and then back to the trend top. This would mean a much larger trending move to the downside. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 102 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See: Bearish: We are currently sitting @ 0.7087 in a range and a channel. We are looking for a continuation to the range bottom @ 0.7916 AFTER the completion of an abc correction to the upside. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 64 pips.

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex