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This is what I see in the Forex the week of January 13th, 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are currently bullish due to breakout of the former channel down. Watch the reaction @ the 97.435 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 lower except for GBPUSD which is higher.

$EURUSD

What ProAct Traders See: We are currently @ 1.1365. Bearish: we are looking for a move down after the break of the flag to the day chart bottom @ 1.1384 (watch for a bounce there) and a continuation to the range bottom @ 1.1270. We could continue down to the low @ 1.1216. Look for bounce at both points. Watch the USDX for direction. The ATR for the the pair currently is 84 pips.

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$USDJPY

What ProAct Traders See: We are currently @ 109.75. Bullish: We are looking for a continuation to the resistance @ 112.18 now that we are out of the consolidation box. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 103 pips.

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$GBPUSD

What ProAct Traders See: We are currently @ 1.2865 out of the rising wedge which is bearish: We are looking for a continuation after the support break @ 1.2812 and we will target the 0.618 fibo @ 1.2601 area. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 130 pips.

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

What ProAct Traders See: Bearish: We are currently sitting @ 0.7168 in a descending wedge which is bearish. We are looking for a continuation to the range bottom/0.618 fibo @ 0.7038. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 74 pips.

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