This is what I see in the Forex the week of February 9th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bullish to bearish: We are anticipating the continuation of dollar strength in the channel. We have divergence on the 60 min chart which is signaling a bearish move soon. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See: Bearish: We are currently @ 1.0948 just out of a Range. We are looking to continue the channel to the 1.618 Fibo @ 1.0889 and then bounce. Watch the USDX for direction. The ATR for the pair currently is 43 pips.

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$USDJPY

What ProAct Traders See: Bullish to bearish: We are currently @ 109.77. We are looking to continue to the range top @ 110.30. Watch for the reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 49 pips.

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$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.2885 in a channel and just out of the range. We are looking to continue to the 1.618 Fibo @ 1.2829 and maybe on to the 1.27323 area. . Look for a reaction there and possible pullback to get to the 1.3000 area. Watch the USDX for direction and Brexit news. The average daily true range (ATR) for the pair is 100 pips.

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$AUDUSD

ProAct Traders See: Bearish: We are currently sitting @ 0.6677 inside a channel and perhaps a 5th wave. We are looking to continue to the 1.618 Fibo @ 0.6593 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 44 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