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GBPAUD: continuation?

Bearish: Currently we are at 1.8927 in a range and in a channel. A break down here would target the ATR target @ 1.8800. This might go before FOMC but mostly likely after. The average daily true range (ATR) for the pair currently is 130 pips with a 180-day ATR of 151 Pips.

 

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Trade of the week

GBPAUD Trade of the week Idea!

Click on graphic

Trade of the week

GBPAUD Trade of the week Idea!

Click on graphic

 

GBPUSD: Decision time

Two scenarios: Bullish: a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172. 2: Bearish: A break down here or the 1.2996 area would set up a nice wave to the day chart bottom @ 1.2748. 3: a rang trade is it goes sideways. The average daily true range (ATR) for the pair currently is 111 pips with a 180-day ATR of 56 Pips.

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GBPAUD: To the top?

Currently we are at 1.9047 in a range. We are looking to continue to the ATR target/range top @ 1.9099. Should see a reaction there – watch for the sell off or continuation to the 1.9200. WATCH THE USDX for more clues. The ATR is 147 Pips per day.

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This is what I see in the Forex the week of November 17th, 2019: USDX, EU,UJ,GU,AU

USDX: Bearish: We are anticipating the continuation of the down move and we have a long way to the bottom. We have convergence on the 60 min chart (see inset) which is bearish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same as last week.

$EURUSD

What ProAct Traders See: Bullish: We are currently @ 1.1055 in the start of a channel. We are looking to continue to the 0.214 Fibo @ 1.1163 and then maybe to the range top @ 1.1250. Watch the USDX for direction. The ATR for the pair currently is only 44 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
What I See in the Forex

The Stats as of 11/15/19

This information is located on the Spreadsheet that we keep detailing our traders record - you can view it here http://proacttraders.com/live-room-results

It is based on only a 1 micro lot ACTUALLY traded by our traders.  Click on the link to enlarge- then esc to return.

GBPNZD: Range trade?

Bullish: Currently we are at 2.0129 in a range. We are looking to continue to the ATR target @ 2.0184. We should fill the gap by Friday (although the Gaps are only filled in the FX 78% of the time). WATCH THE USDX for more clues. The ATR is 90 Pips per day.

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Trade of the week

This weeks 127 pip trade of the week - click the graphic

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