This is what I see in the Forex the week of November 10th, 2019: USDX, EU,UJ,GU,AU

USDX: Bullish: We are anticipating the continuation of the up move and we have a long way to the top. We have convergence on the 60 min chart (see inset) which is bullish. 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: Bearish: We are currently @ 1.1166 in a channel. We are looking to continue to the 0.786 Fibo @ 1.0943 and then to the Day chart support @ 1.0863. Watch the USDX for direction. The ATR for the pair currently is only 49 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently @ 109.21 in a range and in a channel. We are looking for an initial move to the 0.382 Fibo @ 110.25 and then to the 112.00 top. Decision time here. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 48 pips.

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$GBPUSD

ProAct Traders See: Bearish: We are currently @ 1.2784. We are anticipating that this may be a 3rd wave. We are looking to continue to the 0.500 @ 1.3029 and then a 4th wave. Overall target is 1.2280. Watch the USDX for direction and Brexit news. The average daily true range (ATR) for the pair is 85 pips.

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$AUDUSD

ProAct Traders See: Bearish: We are currently sitting @ 0.6857 inside a tight range and in a possible channel. We are looking for a continuation to the square ups @ 0.6760-0.6890 area. Decision time? Continue to the range bottom or bounce here. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 41 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