Send me real-time posts from this site at my email

This is what I see in the Forex the week of March 17th , 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are currently waiting as MACD is not clear yet. Below 96.828 we are bearish and above 97.215 we are bullish. Watch the reaction @ the 98.28 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 the same except for GBPUSD which is affected by the Brexit voting.

$EURUSD

What ProAct Traders See: We are currently @ 1.1325. A couple of different scenarios: 1: Bullish: a break of the Ascending wedge takes it to the day chart slope resistance. Here look for a move back to the range top @ 1.1520. 2: Bearish: A reaction at the Day chart slope resistance would most likely target the double bottom @ 1.1190 area. Watch the USDX for direction. The ATR for the the pair currently is 59 pips.

­­­…………………………………………………

$USDJPY

What ProAct Traders See: We are currently @ 111.47 in a symmetrical triangle – the triangle is bullish but MACD says we are bearish. A couple of different scenarios: 1: Bullish: a break of the triangle up takes it to the 1.270 Fibo resistance @ 113.14. 2: Bearish: A breakdown of the Triangle would most likely target the 0.786 Fibo support @ 109.31. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips.

………………………………………………..

$GBPUSD

What ProAct Traders See: We are currently @ 1.3292. A couple of different scenarios: 1: Bullish: a move above 1.3400 would target the 1.270 Fibo @ 1.3507 ( we currently have divergence but could have one more move up). 2: Bearish: A reversal @ the triple top target the 0.618 Fibo @ 1.2994. Watch the USDX for direction. The average daily true range (ATR) for the pair is 141 pips.

…………………………………………………

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

What ProAct Traders See: We are currently sitting @ 0.7085 in a tight range. A couple of different scenarios: 1: Bullish: a move above 0.7114 would target the range top @ 0.7237 – the flag pattern is showing a bullish move. 2: Bearish: Below 0.7038 would target the range bottom @ 0.6900 area ( we currently have divergence). Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 53 pips.

……………………………………………….

Welcome!!! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue