This is what I see in the Forex the week of September 8th, 2019: USDX, EU,UJ,GU,AU

Note: USDX: We bullish based on the current chart which may be totally opposite when the Market opens on Monday due to after-hours trading. We are looking for a reaction at this top for a move to the upside. We have divergence for a continuation on the 60-minute MACD (inset) for the up move and at the bottom of the channel. Below is based on the up move. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week with the exception of the GBPUSD.

$EURUSD

What ProAct Traders See: Bearish: We are currently @ 1.1045 near the top of a channel. We are looking for a short pullback and then a continuation to the 1.618 Fibo @ 1.0789 area and bounce there. If USDX flips look for the move back to the 0.500 Fibo. Watch the USDX for direction. The ATR for the pair currently is only 55 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently @ 106.93 in a range. We are looking to continue the channel to the range top @ 109.00 area. Note the 108.21 area for a pullback. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 67 pips.

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$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.2292in a range. We are looking to go up first to the 0.500 Fibo and then down to the range bottom @ 1.1950. Watch the USDX for direction and Brexit news (could send it up). The average daily true range (ATR) for the pair is 112 pips (was 92 pips last week).

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$AUDUSD

What ProAct Traders See: Bearish: We are currently sitting @ 0.6848 inside a tight range. We are looking for a reaction @ the 0.500 Fibo and then a continuation to the range bottom @ 0.6700 . A bounce is expected there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 42 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