Note: USDX is bullish but in a tight range.Watch the reaction @ the 98.285 area.Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are the same.
This is the last for this year!
$EURUSD
What ProAct Traders See: We are currently @ 1.1360. Bearish: we are looking for a move down support @ 1.1277 ( watch for a bounce there)and a possible continuation to the range bottom @ 1.1215. Watch the USDX for direction. The ATR for the the pair currently is 80 pips.
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$USDJPY
What ProAct Traders See: We are currently @ 111.32. A couple of different scenarios:1:Bullish: a bounce here look for a move back to the square up @ 113.15 2: Bearish:A continuation here would most likely take out the range bottom @ 110.00 area and then back to the range top. Watch the USDX for direction.Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 73 pips.
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$GBPUSD
What ProAct Traders See:We are currently @ 1.2628. Bearish: We are currently outside a trend and are looking to move back into it for a continuation initially to the S4 @ 1.2469 area.Watch for a possible continuation to the S5 around 1.2325. Brexit still affecting this pair. Watch the USDX for direction. The average daily true range (ATR) for the pair is 128 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Traders See:Bearish:We are currently sitting @ 0.7041 in a range at a bounce point. IF we bounce are looking for a continuation to the 0.500 Fibo @ 0.7208 (USDX pushing down so higher probability for this).If we don’t bounce look for a continuation to the Day bottom @ 0.6933. Watch the USDX for direction. The ...
