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

This is what I see in the Forex the week of June 13th, 2021: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$$ #Proacttraders #FX

Note: USDX: Bullish but… –We have continuation of the up move after a significant bottom has been place.  We are however, at a significant top. Will have to see what happens as the market opens.  Will it respect the top or push on through?  Too early to tell. The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are LOWER than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bearish: We are currently @ 1.2179 in a channel to the downside after a head and shoulders pattern.  We are at a significant bottom so watch for at least a pullback before resumption of the channel.  A continuation here would most likely target the support @ 1.1986-2000. Watch the USDX for reversal and direction. The ATR for the pair currently is 61 pips.

¬¬¬…………………………………………………

$USDJPY 

What ProAct Traders See: Bullish: We are currently @ 109.71 in a channel in a range.  We are looking for a continuation to the Range Top @ 111.00.  Watch for a reaction there.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips. 

………………………………………………..

$GBPUSD

What ProAct Traders See: Bearish: We are currently @ 1.4106 in a channel to the downside (still sideways), have a triple top in place and are looking for a move DOWN to the to the S5 @ 1.3872-1.3800.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips.

…………………………………………………

$AUDUSD 

What ProAct Traders See:  Bearish: We are currently sitting @ 0.7703 in a tight range inside a larger range. A continuation here would target the S5/Range Bottom @ 0.7516. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips. 

Chart Graphics - click to open hit ESC to come back

……………………………………………….

The “What I See” for next week is posted on the ProAct Traders blog.

We are looking for a break of the support @ 1.1573 and then a continuation to the 0.786 Fibo @ 1.1394.   Here we could bounce or continue to the 1.1300 area.  

 

A couple of different scenarios:  1:  Bullish: a bounce here look for a move back to the range top @ 113.00. 2: Bearish:  A continuation here would most likely take out the square up @ 110.00 and then back to the range top. 

CAUTION IS URGED - TRADE WITH STOPS!!!!!

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