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GBPAUD: Range breakout

Bearish: Currently we are at 1.6672 in a channel trying to break a range. We are looking for a move to the ATR Target @ 1.9358 and then a continuation to the S6 support @ 1.9222 area. The average daily true range (ATR) for the pair currently is 115 pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of March 1st , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bearish: We are anticipating a continuation to the 0.786 Fibo area. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same except the EURUSD is higher than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See: Bullish: We are currently @ 1.1038 in a range after breaking out of the falling wedge. We are looking to continue to the R5 resistance @ 1.1156 and then the range top @ 1.1250. Watch the USDX for direction. The ATR for the pair currently is 55 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

EURAUD: Last push?

Bullish: Currently we are at 1.6672 in a range. We are looking for one more move to the ATR Target @ 1.6726 and then a pullback to the slope support @ 1.1650 area.. The average daily true range (ATR) for the pair currently is 115 pips. WATCH THE USDX for more clues.

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USDJPY: back to the top?

Bullish: Currently we are at 110.45 in a range. We are looking for one more move to the ATR Target @ 110.76 and then a continuation later to the range top @ 112.09 area.. The average daily true range (ATR) for the pair currently is 60 pips. WATCH THE USDX for more clues.

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GBPJPY: back to the top?

Bullish: Currently we are at 143.39 in a range. We are looking for one more move to the ATR Target @ 144.33 and then a continuation later to the range top @ 144.96 area.. The average daily true range (ATR) for the pair currently is 103 pips. WATCH THE USDX for more clues

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EURJPY: reversal?

Bearish: Currently we are at 120.45 in a range. We are looking for an initial move to the ATR Target @ 120.13 and then a continuation later to the range bottom @ 118.45 area.. The average daily true range (ATR) for the pair currently is 70 pips. WATCH THE USDX for more clues.

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This is what I see in the Forex the week of February 23rd , 2020: USDX, EU,UJ,GU,AU

Note: USDX: Bearish: As we stated last week “We are anticipating the end of dollar strength. We have divergence on the 60 min chart which is signaling a bearish move soon”. That happened. We are anticipating a continuation to the 0.500 Fibo area. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same except the USDJPY is 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

AUDJPY: reversal?

Bearish: Currently we are at 74.13 in a range. With negative employment rate (-5.3) as a catalyst, we are looking for an initial move to the ATR Target @ 73.64 and then a continuation later to the range bottom @ 72.45 area.. The average daily true range (ATR) for the pair currently is 70 pips. WATCH THE USDX for more clues.

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