This is what I see the week of December 23rd , 2018: USDX, EU,UJ,GU,AU http://proacttraders.com/blog #forex #$$ #Proacttraders #FX

Note: USDX is bullish but in a tight range. Watch the reaction @ the 98.285 area. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are the same.

This is the last for this year!

$EURUSD

What ProAct Traders See: We are currently @ 1.1360. Bearish: we are looking for a move down support @ 1.1277 ( watch for a bounce there) and a possible continuation to the range bottom @ 1.1215. Watch the USDX for direction. The ATR for the the pair currently is 80 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 111.32. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the square up @ 113.15 2: Bearish: A continuation here would most likely take out the range bottom @ 110.00 area and then back to the range top. Watch the USDX for direction.

Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 73 pips.

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$GBPUSD

What ProAct Traders See: We are currently @ 1.2628. Bearish: We are currently outside a trend and are looking to move back into it for a continuation initially to the S4 @ 1.2469 area. Watch for a possible continuation to the S5 around 1.2325. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 128 pips.

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

What ProAct Traders See: Bearish: We are currently sitting @ 0.7041 in a range at a bounce point. IF we bounce are looking for a continuation to the 0.500 Fibo @ 0.7208 (USDX pushing down so higher probability for this). If we don’t bounce look for a continuation to the Day bottom @ 0.6933. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 62 pips.

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