Scott Barkley's blog

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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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

GBPJPY: Range trade?

Currently we are at 139.68 in a range. We are looking to continue to the ATR target @ 139.07. WATCH THE USDX for more clues. The ATR is 90 Pips per day.

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EURJPY: Finally break?

Currently we are at 120.25 in a channel. We broke out of the consolidation and we should hit the ATR target @ 119.64. The overall target is the 117.00 area. Watch the 119.28 area. WATCH THE USDX for more clues. The ATR is 66 Pips per day.

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This is what I see in the Forex the week of November 10th, 2019: USDX, EU,UJ,GU,AU

USDX: Bullish: We are anticipating the continuation of the up move and we have a long way to the top. We have convergence on the 60 min chart (see inset) which is bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are lower than last week.

$EURUSD

What ProAct Traders See: Bearish: We are currently @ 1.1166 in a channel. We are looking to continue to the 0.786 Fibo @ 1.0943 and then to the Day chart support @ 1.0863. Watch the USDX for direction. The ATR for the pair currently is only 49 pips.

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