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

This is what I see in the Forex the week of April 11th , 2021: USDX, EU,UJ,GU,AU

Note: USDX: Waiting: We are in a possible a-b-c- correction to start a 5th wave down.  The USD pairs should prove it out when the market opens.  The overall target is the Square Up @ 91.75.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower than last week. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bullish for now: We are currently @ 1.1871 after putting in a possible 4th wave correction.  We are looking for a continuation up to the R5 @1.2081. Watch there for a reversal. Watch the USDX for reversal and direction. The ATR for the pair currently is 63 pips.

¬¬¬…………………………………………………

$USDJPY 

What ProAct Traders See: Bearish: We are currently @ 109.67 in a channel. We are looking for a continuation to the S4 support @ 108.82 and a possible continuation 0.500 Fibo @ 108.00.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 58 pips. 

………………………………………………..

$GBPUSD

What ProAct Traders See: Waiting: We are currently @ 1.3706 at the bottom of the range. A Break down here would most likely take out the S6 @ 1.3632.  A bounce would target the 0.500 Fib0 @ 1.3956. Watch the USDX for direction. The average daily true range (ATR) for the pair is 87 pips.

…………………………………………………

$AUDUSD 

What ProAct Traders See:  Bearish: We are currently sitting @ 0.7621 at the top of the channel. Although USDX has continued down Aussie has not followed suit up? We have a flag pattern in play which is bearish, and that breakout would target the S6 @ 0.7400 area.  Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 67 pips. 

Chart Graphics - click to open hit ESC to come back

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