This is what I see in the Forex the week of March 15th , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: Working a nice channel with continued convergence.  Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are drastically higher than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.1105 in a range.  We have convergence on the 240 min chart. We are looking to continue to the day chart support @ 1.0776. Watch the USDX for direction. The ATR for the pair currently is 131 pips.

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$USDJPY 

What ProAct Traders See: Bullish: We are currently @ 108.02 in a channel and possible a 3rd wave.  We are looking to continue to the 0.214 Fibo @ 109.85 area.  Watch for the reaction there. A correction would set up a 5th wave to the day chart top @ 112.38. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 183 pips. 

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$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.2293 in a channel and in a range. We are looking to have a small correction and then continue to the day chart bottom @ 1.2009 and reverse there.  Watch the USDX for direction and any Brexit news. The average daily true range (ATR) for the pair is 145 pips.

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$AUDUSD 

What ProAct Traders See:  Bearish: We are currently sitting @ 0.6177 in a channel. We are looking to continue to the 1.270 Fibo @ 0.5973 area and maybe to the 1.618 Fibo @ 0.5777.   Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 117 pips. 

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Note: USDX: Bullish: Working a nice channel with continued convergence.  Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are drastically higher than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.1105 in a range.  We have convergence on the 240 min chart. We are looking to continue to the day chart support @ 1.0776. Watch the USDX for direction. The ATR for the pair currently is 131 pips.

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$USDJPY 

What ProAct Traders See: Bullish: We are currently @ 108.02 in a channel and possible a 3rd wave.  We are looking to continue to the 0.214 Fibo @ 109.85 area.  Watch for the reaction there. A correction would set up a 5th wave to the day chart top @ 112.38. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 183 pips. 

………………………………………………..

$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.2293 in a channel and in a range. We are looking to have a small correction and then continue to the day chart bottom @ 1.2009 and reverse there.  Watch the USDX for direction and any Brexit news. The average daily true range (ATR) for the pair is 145 pips.

…………………………………………………

$AUDUSD 

What ProAct Traders See:  Bearish: We are currently sitting @ 0.6177 in a channel. We are looking to continue to the 1.270 Fibo @ 0.5973 area and maybe to the 1.618 Fibo @ 0.5777.   Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 117 pips. 

Graphics - click to open hit ESC to come back

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