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AUDJPY: CHANNEL CONTINUATION

Bearish:  Currently we are at 64.19.  We are looking for a move to the 2.618 Fibo/ATR Target @ 63.18 area.  The average daily true range (ATR) for the pair currently is 202 pips.  WATCH THE USDX for more clues.  

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USDCHF: Breakout

Bearish:  Currently we are at 0.9422.  We are looking for a move to the 0.500 Fibo/ATR Target @0.9378 and then later a continuation to the 0.786 Fibo support @ 0.9267 area.  The average daily true range (ATR) for the pair currently is 110 pips.  WATCH THE USDX for more clues.  

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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 

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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

EURUSD: continuation

Bearish:  Currently we are at 1.2222.  We are looking for a move to the ATR Target @1.1169 and then later a continuation to the support @ 1.1100 area.  The average daily true range (ATR) for the pair currently is 102 pips.  WATCH THE USDX for more clues.  

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GBPNZD: back in the range

Bearish:  Currently we are at 2.0609.  We are looking for a move to the ATR Target @2.0485 and then later a continuation to the 0.786 Fibo @ 2.0368 area.  The average daily true range (ATR) for the pair currently is 204 pips.  WATCH THE USDX for more clues.  

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This is what I see in the Forex the week of March 8th , 2020:

Note: USDX: Bearish: We waiting to see the reaction here at the support: a bounce or a breakout?  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

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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

Friday Square up

Check out the Friday Square up this AM - great example of why you don't trade the NY on Friday and why you CAN trade the London Session.

 

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GBPCHF: channel continuation

Bearish:  Currently we are at 1.2283 after finishing  a corrective move to the square up.  We are looking for a move to the ATR Target @ 1.2213 and then a continuation to the supports @ 1.2183 area.  The average daily true range (ATR) for the pair currently is 109 pips.  WATCH THE USDX for more clues.  

 

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GBPUSD: Wedge breakout

Bullish: Currently we are at 1.2818 in a wedge and a corrective move. We are looking for a move to the R3 @ 1.2870 and then a continuation to the ATR Target @ 1.2912 area. The average daily true range (ATR) for the pair currently is 96 pips. WATCH THE USDX for more clues. Bullish: Currently we are at 1.2818 in a wedge and a corrective move. We are looking for a move to the R3 @ 1.2870 and then a continuation to the ATR Target @ 1.2912 area. The average daily true range (ATR) for the pair currently is 96 pips. WATCH THE USDX for more clues.

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