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

Note: USDX is still potentially bullish but near a significant top. We have Divergence for a potential reversal at the 97.76. 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 @1.1299 look for a move back to the 0.618 Fibo @ 1.1500. 2: Bearish: A continuation below 1.299 would most likely take out the 1.270 Fibo @ 1.1216 and then to the 1.618 Fibo @ 1.1104. Watch the USDX for direction. The ATR for the the pair currently is 75 pips.

­­­…………………………………………………

$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 114.20 in a range. We said last week:

‘We are looking for a continuation to the 114.22 and then a turn at the range top @ 114.50” Still the same. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 67 pips.

………………………………………………..

$GBPUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.2928 in a channel inside a bigger range. We have a Gap, but gaps are only filled in the Forex 78% of the time. We are looking for a continuation to the 0.786 Fibo @ 1.2515 and then the bottom @ 1.2700. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips.

…………………………………………………

$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 62 pips.

……………………………………………….

Posted to Introduction to Forex Targe… on Nov 11, 2018 — 5:11 PM

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