This is what I see the week of November 4th 2018: USDX, EU,UJ,GU,AU

USDX is still potentially bullish. We have a MACD zero-line break for an up move after a bounce on the 0.500 Fibo. This means we are just a little early to be sure of the movement so Waiting is the best option. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady.

$EURUSD

What ProAct Traders See: Waiting: A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the range top @ 113.00. 2: Bearish: A continuation here would most likely take out the 1.270 Fibo @ 112.16 and then to the 1.618 Fibo @ 1.1104. Watch the USDX for direction. The ATR for the the pair currently is 77 pips.

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$USDJPY

ProAct Traders See: Bullish: We are currently sitting @ 113.89 in a range. The pair showing signs of a continued upward move with the nice channel in play. We are looking for a continuation to the square up @ 113.65 and 114.22 and then a turn at the range top @ 114.50. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 69 pips.

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$GBPUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.2970 in a channel inside a bigger range. This looks like a very quick correction and then a continued move to the downside. We are looking for a continuation to the 0.786 Fibo @ 1.2696. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 119 pips.

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

What ProAct Traders See: Bearish: We are looking for a continuation to the Range support@ 0.7050. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 59 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