This is what I see in the Forex the week of February 3rd, 2019

Note: USDX is in a range.We are currently bearish due to the down channel, but waiting for an abc pattern to finish before resumption down. Watch the reaction @ the 95.018 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 roughly the same.

$EURUSD

What ProAct Traders See: We are currently @ 1.1365. Bullish: we are looking for a completion of the abc correction and then a range/ day chart top @ 1.1384 (watch for a reversal there) and a continuation to the range bottom @ 1.1270. Watch the USDX for direction. The ATR for the the pair currently is 63 pips.

­­­…………………………………………………

$USDJPY

What ProAct Traders See: We are currently @ 109.51. Bearish: We are looking for a continuation to the range bottom @ 112.18.We could have one short move up to the range top @ 109.94 before resumption to the downside.Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 59 pips.

………………………………………………..

$GBPUSD

What ProAct Traders See:We are currently @ 1.3082 after finishing an abc corrective pattern which is bullish:We are looking for a continuation after the slope resistance break above the 1.3100 and we will target the range top @ 1.3250 area.Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips.

…………………………………………………

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

What ProAct Traders See:Bearish:We are currently sitting @ 0.7251 in a range and60 min MACD says continuation down (shown) which is bearish.We are looking for a continuation to the square up @ 0.7121.CAUTION: USDX also trying to go down so that would flip this ...

Read More
Comments

GBPCHF channel opportunity

Read More
Comments

GBPJPY 3rd wave opportunity

Read More
Comments

EURGBP 5th wave opportunity

Read More
Comments

USDCHF channel opportunity

Read More
Comments

This is what I see in the Forex the week of January 27th, 2019

Note: USDX is in a range.We are currently bearish due to breakout of the former channel up. Watch the reaction @ the 95.018 area for either a continuance or reversal.Be aware that this could change in a heartbeat ...

Read More
Comments

EURUSD Bounce point

Read More
Comments

AUDCHF Rising Wedge breakout

Read More
Comments

EURAUD Range Continuation

Read More
Comments

NZDAUD Rising wedge breakout /continuation

Read More
Comments

GBPAUD breakout opportunity

Read More
Comments

AUDCHF breakout opportunity

Read More
Comments

Reviews Average Rating          

         
Great weekly analysis, very useful and educational.
         
See All Reviews →