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

Note: USDX is in a range.We are currently bearish after the putting in the top . Watch the reaction @ the 96.54 area for either a continuance or reversal.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower.

$EURUSD

What ProAct Traders See: We are currently @ 1.1232. Bullish: we are looking for a continuation to the 0.618 Fibo @ 1.1407. A further continuation to the downside is possible there and a break above 1.1400 look for the top @ 1.1500.Watch the USDX for direction. The ATR for the the pair currently is 59 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 111.13 in a channel. Bearish: We are looking for a channel breakout to the 1.618 Fibo @ 109.92 with an overall target the 0.786 Fibo @ 109.31 area.Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 48 pips – basically too low to trade.

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$GBPUSD

What ProAct Traders See:We are currently @ 1.3013.A couple of different scenarios:1:Bullish: a bounce here look for a move back to the 0.214 Fibo @ 1.3227. 2: Bearish:A continuation here would target the Double bottom @ 1.2773.Watch the USDX for direction.The average daily true range (ATR) for the pair is 102 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:Bullish:We are currently sitting @ 0.7044 in a range.We are looking for a bounce here to the 0.214 fibo @ 0.7167.A break above here would continue the resumption to the range top @ 0.7250. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 61 pips.

Posted to Introduction to Forex Tar... on Mar 09, 2019 — 10:03 AM

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